Analytical Accounting with MEM

  • Analytical Accounting with MEM

    Posted by Vicki Hillary on February 8, 2022 at 8:41 am
    • Vicki Hillary

      Member

      February 8, 2022 at 8:41 AM

      Related to this question, I am curious if there are other products out there that work similar to AA.Ā  We are looking to add dimensions to our accounts in GP.Ā  We want the flexibility to add one or more dimensions to certain accounts.Ā  The goal is to decrease our very large COA, but still give us the reporting we need.Ā  Any other products out there work this way?

      Does anyone use Analytical Accounting in GP along with Multi Entity Management?Ā  We are considering AA but we use MEM, so just wondering if the two are compatible.

      Thank you.

      ——————————
      Vicki Hillary
      RDV Corporation
      Grand Rapids MI
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    • Charles Allen

      Member

      February 9, 2022 at 10:49 AM

      Vicki,

      Here is information from Binary Stream about AA with MEM.Ā 

      AnalyticalĀ AccountingĀ generally works fine in GL, SOP, POP, RM, and PM modules withĀ MEM. However, conflicts might occur with intercompany distributions in the Payroll, Bank Reconciliation, or Inventory modules when bothĀ AnalyticalĀ AccountingĀ andĀ MEMĀ are used.

      AA transaction dimensions and dimension codes are available in AP Replicator functionality. When a payables document is replicated with a pre-defined template, the dimensions and dimension codes in the template are also replicated.

      Programs such as the Mekorma MICR andĀ AnalyticalĀ AccountingĀ programs do not conflict with theĀ Multi-Entity ManagementĀ alternate windows and do not require any intervention byĀ MEMĀ as they perform their usual processes.

      There’s also Multidimensional Accounting in GP which is what AA was somewhat designed to replace.Ā 

      Encore Business Solutions has Project Tracker which could be another option for you.

      ——————————
      Charles Allen
      Senior Managing Consultant
      BKD Technologies
      Houston, TX
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    Vicki Hillary replied 4 years, 5 months ago 1 Member · 0 Replies
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