Basic Terminology Differences Between Microsoft Dynamics GP and Microsoft Dynamics 365 for Operations

If you are a user switching from Microsoft Dynamics GP to Microsoft Dynamics 365 for Operations or vice versa, you are likely going to encounter terminology differences that will have you scratching your head in confusion as you attempt to decipher the various terms. To assist in your transitional journey, here is a brief rundown of some of the basic terminology differences that you may find helpful:

Dynamics GP Dynamics 365 for Operations
Check links Consistency Check
Accounting Segments Financial Dimensions
Bank Transaction Entry Bank Transfer
Recurring Journals Periodic Journal
Batches Journals
Document Numbering Number Sequences
Apply Document Settlement
Sales Return Credit Note
Non-Inventory Sales Invoice Free Text Invoice
Checkbook Bank Account
Select Checks Payment Journal
Manual Payment Payment Journal
Tax Detail Tax Code
Tax Schedule Tax Group
Customer Class Customer Posting Profile
Vendor Class Vendor Posting Profile
Inventory and Purchasing:
Item Released Product
Item Class Item Group with Item Model Group
Item Transaction Entry Transfer Journals
Copy Item Apply Template
Serial, Lot, Bin Tracking Dimension Group
Cost Cost Price or Price
Drop Ship Direct Delivery
Enter/Match Invoice or Vendor Invoice
Payroll and Human Resources:
Pay Codes Earning Codes
Deduction Benefit Deduction
Benefit Benefit Contributions
Employee Worker
Item Allocations Item Requirements
Revenue Recognition Estimates
Project Fee On-Account
Employee (Project) Resource (Project)
Receiving Transaction Product Receipt
Bill Type (STD N/B, N/C) Project Line Properties
Unposted Bill (Project) Project Invoice Proposal
Posted Bill (Project) Project Invoice
Cost Category Category

Please keep in mind that we are not exactly comparing apples to apples here since these accounting systems are quite different from each other. However, in general these comparison terms will get you closer to understanding the terminology used between the two systems.