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How Microsoft Dynamics can track more financial data in the Cloud in 2018?


Microsoft Dynamics has multiple product lines and most users rely on Microsoft and Microsoft’s latest technology to continue success. When you choose Microsoft Dynamics GP, you can focus on growing your business, rather than on the technology supporting it. Everything you need – your operating system, database, personal productivity tools, e-mail, and business management system – comes from one trusted Software Publisher, Microsoft. By delivering a cohesive solution that helps lower implementation and long-term ownership costs, Microsoft Dynamics frees you to harness the power and flexibility of an award-winning business management solution.

We at Accountnet offer Dynamics GP, Dynamics SL and Dynamics 365 Business Central and provide set-up and sales support.

With Dynamics 365 Business Central you can Manage your financials

Make informed decisions and Connect data across accounting, sales, purchasing, inventory, and customer interactions to get an end-to-end view of your business. Chart financial performance in real time with built-in Power BI dashboards.

Accelerate financial close and reporting

Streamline accounts receivables and payables, and automatically reconcile accounts to close and report on financials quickly and accurately, while maintaining compliance.    (more…)

How does Microsoft Dynamics enable unlimited companies with its new release, SL 2018?


 

Microsoft Dynamics SL 2018 Release Updates Available Today

Enhancing the core application: With Microsoft’s SL 2018, all technology and workflow are now enabled.

 Note: With Microsoft’s new release, end users can advance with new technology and Microsoft Power BI. As with the previous release (SL 2015), FRx is not compatible with this version.

 Connect to the Cloud More Easily: Microsoft’s new product makes office technology seamless and accessible by connecting finance and project teams and by embedding the technology throughout the environment. Whether through its improvements to web apps, approvals, or cross-departmental connections, Microsoft’s core technology software is essential for today’s business. The following new enhancements are now included:

Enhanced Query and Preview: Added across multiple modules, the Query and Preview interface gives users the ability to view details, preview, and drill back.

Improved Approvals: Microsoft has added an approval process to key areas of Dynamics SL.

Web Apps: Now included as part of the new Dynamics SL.

Financials: SL provides improvements to GL functionality, payables, and user interface, among other features.

SL 2018 works with Power BI and other applications. There are additions such as its new Import Tools, and it can compile data for multiple companies in one database—a real strength compared with previous versions. The Multi-Company module for Microsoft Dynamics SL enables users to efficiently monitor, analyze, and report on multiple companies or functional divisions within the organization. And its ability to connect SL with multiple other Microsoft applications makes Microsoft Dynamics SL a more robust product.

ODATA Service: ODATA is a standardized protocol for creating and consuming data APIs. ODATA builds on core protocols such as HTTP and commonly accepted methodologies such as REST. The result is a uniform way to expose full-featured data APIs.

SL and BI Content: Dynamics SL 2018 can be enabled with BI 360, and or Power BI to make decision-making smarter and give visibility to users.

Power Apps for SL: Power Apps for SL allows employees to connect, create, and share business applications throughout the company in minutes. Designed to be easy to create, these applications are accessible to users in an Office-like environment throughout the organization.

Flow for SL: Flow for SL is a service that allows users to automate tasks. From postings to complex reporting processes, Flow connects many different modules and applications.

Accountnet works with clients to assist with the planning, integration, training and ongoing support for their Microsoft Dynamics. With new reporting options and the latest Microsoft technology, your firm can stay current in today’s competitive environment. Investing in this technology upgrades can result in significant benefits, including audit compliance and the fulfillment of your IT and cloud strategy. Move forward today with the  Accountnet Cloud team @ 212-Dynamics or visit www.microsoftfinancialsoftware.com

How does Microsoft Dynamics GP Enable more of an Audit Trail than QuickBooks?


For companies moving from QuickBooks, we offer a proven process, refined by many QuickBooks customers who have made the change to Microsoft Dynamics GP. When you choose Microsoft Dynamics GP, you can focus on growing your business, rather than on the technology supporting it. Everything you need – your operating system, database, personal productivity tools, e-mail, and business management system – comes from one trusted partner, Microsoft. By delivering a cohesive solution that helps lower implementation and long-term ownership costs, Microsoft Dynamics GP frees you to harness the power and flexibility of an award-winning business management solution.

In addition, many current QuickBooks customers — who may be frustrated with the software’s older architecture but have put up with it because they did not feel the need to change their accounting codes— will now be forced to change in the next few years. This is due to changes in technology, the cloud; evolving business needs, since controllers and CFOs need the right software and its capabilities today.

“QuickBooks has basic accounting functions, but what Microsoft Dynamics GP offers is the ability to stay on one product for the entire lifecycle of the company. It grows with your business. If you’re going to stay small or simply maintain your AP system, something like QuickBooks might work well, but if you intend to grow the business, the last thing you want is to have to convert another accounting package later on.”

~ Anne-Claire McAllister,  President, Accountnet, Inc.

 Email customercare@accountnet.com to receive a whitepaper for more information.

Microsoft Dynamics GP will put all of your important data right at your fingertips without added complexity. With quick access to financial reporting and integration with other systems with greater accuracy, you won’t need to waste time calling managers or digging through the books. Powerful and personalized business intelligence makes it even easier to make the smart, quick decisions that drive growth. Microsoft Dynamics GP software gives your people the tools they need to connect and manage your entire business, from financial to operations, with the insight you need to make smart decisions. Start with what you need now and easily adapt as your needs change, in the cloud or on your servers—the choice is yours.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions provide employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics GP. Contact us at Accountnet to learn more.

How can Microsoft Dynamics GP help enable a better Financial reporting?


 

All organizations, no matter their size, need to understand what’s going on with their business data in order to get an accurate picture of how the company is performing. The reporting features you get from Microsoft Dynamics aren’t just for large enterprises – they are tools that allow employees of any size business to connect with each other and to the information they need to be the most effective at their jobs.

When you have good reporting tools, each user is empowered with the ability to gain a clearer picture of data that is relevant to their respective role, presented through insightful, easy-to-use dashboards and reports. Business intelligence turns information into action through data gathering, analysis and monitoring, plus forecasting that can help identify opportunities, minimize risk, and improve management and operations. You can view in real time what’s going on in the organization via Microsoft Dynamics, whereas you can recognize available trends, financial data and more:

• You can Determine how Microsoft Power BI can view other Data Sources and meet short-term data trends
• Reporting tools like Solver’s BI360 or Management Reporter allows users to craft financial reports— either running the reports in multiple Currencies and or consolidations, on the web or even via mobile app. While mobile and web options give you easier access to your data, it doesn’t necessarily mean that all web-based ERP reporting products are easy-to-use.
• Ease of use should be one of your principal considerations when selecting cloud based reporting tools. If your business end-users can’t easily learn to use and leverage the power of the software, it’s not a viable long-term solution.

As the use of mobile devices continues to overtake that of traditional desktops, it’s not surprising that companies are demanding access to business data on tablets and smartphones. The ability to design and build reports via mobile , as most reporting apps allow you to view reports and drill down abilities into your Dynamics GP data. Some mobile apps are already available (such as Microsoft Business Analyzer for Android devices) that come pre-configured to provide business insights and a user experience that can be personalized to fit your company’s needs.

Even small businesses need flexible enterprise-wide planning, budgeting, and reporting that works smoothly with its financial systems, fits specific business or industry needs, and is easy for employees to use and share. Whether using SQL Reporting services (SSRS), Power BI or an Excel Add-on program, Microsoft Dynamics GP and Microsoft Dynamics SL provides powerful, reliable data collection and easy-to-use analysis and reporting functionality, as well as built-in consolidation, elimination, and multicurrency capabilities.

Accountnet works with clients to assist with the planning, integration, training and ongoing support for their Microsoft Dynamics systems and can help you figure out which reporting tools are best for your unique situation. Contact us today to get started. @ 212-Dynamics.

How Can Microsoft Dynamics SL 2018 Make Accounting Simpler?


 

Accounts Payable

 

Microsoft Dynamics SL Project features continue to be a game changer for businesses. The project enhancements in this release have wide-spread impact, affecting the way you work with your customers and providing greater project management efficiencies to your staff. This release reflects the growing needs of project-based companies. Also, making Microsoft Dynamics SL processes simpler is a focus for the entire product. Let’s look at some of the key features that can make accounting easier and more efficient for your business:

Multi-Company Processing

Project processes (examples: Allocations, Indirect Rate Calculator) and project reports have been enhanced for customers operating across more than one company. Processes and reports that were dependent on the current company, no longer have this limitation. With multi-company enhancements, they can be run for any company from just one login. There is no need to change companies to run processes or reports.

Multi-Currency Project base currency

The multi-currency features in the Project series have been enhanced. Now both the Company base currency and the Project currency are stored for project transactions. In scenarios where the project currency differs from the company base currency, project transactions, including subcontractor costs and billings will be tracked in both currencies. This provides reporting options in either the company’s base currency or the project currency.

Accounts Payable

Calculations and creation of Vendor backup withholdings, currently a manual process, can now be processed automatically at the time of payment selection. Vendors are flagged for 1099 non-compliance. The result is that any Payables batches containing a non-compliant vendor can automatically create a withholding batch. In situations where you are making multiple prepayments against one vendor invoice, these can now be applied against a single voucher using the new Multi-prepayments screen.

Accounts Receivable

Many times invoices are entered and not reviewed. The proof comes to light when invoices are printed and errors become apparent. Now with Invoice Preview you can review each invoice prior to release individually or through a new Quick Query invoice preview screen.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. Our consulting team can help you decide what is the best financial software solution based on your business needs. Also, we don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics SL. Contact us at Accountnet to learn more.

 

How can Microsoft Dynamics GP enable a better data platform?


 

All organizations, no matter their size, need to understand what’s going on with their business data in order to get an accurate picture of how the company is performing. The reporting features you get from Microsoft Dynamics aren’t just for large enterprises – they are tools that allow employees of any size business to connect with each other and to the information they need to be the most effective at their jobs.

When you have good reporting tools, each user is empowered with the ability to gain a clearer picture of data that is relevant to their respective role, presented through insightful, easy-to-use dashboards and reports. Business intelligence turns information into action through data gathering, analysis and monitoring, plus forecasting that can help identify opportunities, minimize risk, and improve management and operations. You can view in real time what’s going on in the organization via Microsoft Dynamics, whereas you can recognize available trends, financial data and more:

• You can Determine how Microsoft Power BI can view other Data Sources and meet short-term sales trends;
• Reporting tools like Solver’s BI360 allow users to craft financial reports in Excel — either running the reports in desktop Excel, on the web or even via mobile app. While mobile and web options give you easier access to your data, it doesn’t necessarily mean that all web-based ERP reporting products are easy-to-use.
• Ease of use should be one of your principal considerations when selecting cloud based reporting tools. If your business end-users can’t easily learn to use and leverage the power of the software, it’s not a viable long-term solution.

As the use of mobile devices continues to overtake that of traditional desktops, it’s not surprising that companies are demanding access to business data on tablets and smartphones. The ability to design and build reports via mobile, as most reporting apps allow you to view reports and drill down abilities into your Dynamics GP data. Some mobile apps are already available (such as Microsoft Business Analyzer for Android devices) that come pre-configured to provide business insights and a user experience that can be personalized to fit your company’s needs.

Even small businesses need flexible enterprise-wide planning, budgeting, and reporting that works smoothly with its financial systems, fits specific business or industry needs, and is easy for employees to use and share. Whether using SQL Reporting services (SSRS), Power BI or an Excel Add-on program, Microsoft Dynamics GP and Microsoft Dynamics SL provides powerful, reliable data collection and easy-to-use analysis and reporting functionality, as well as built-in consolidation, elimination, and multicurrency capabilities.

Accountnet works with clients to assist with the planning, integration, training and ongoing support for their Microsoft Dynamics systems and can help you figure out which reporting tools are best for your unique situation. Contact us today to get started. @ 212-Dynamics.