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Why is Financial Reporting Important in Microsoft Dynamics GP?

Whether you are outgrowing entry-level accounting software, rubber-banding an outdated legacy solution, or simply tired of paying annual maintenance fees to a vendor that provides little to no value for your money—now is the time to give your people the reporting tools they need to succeed. Microsoft Dynamics GP is an easy to use business solution with the power to support your business ambitions.


GP works the way you do

Dynamics GP supports your core business needs with comprehensive built-in capabilities that are easy to report on, even with multiple companies. You can be confident that Management Reporter is used for the creation, distribution and analysis of financial statements.


How can Microsoft Dynamics GP 2016 add value?

Microsoft Dynamics GP offers a complete platform for delivering mobility and remote access solutions to companies, whether on-premises or in the cloud. Here are some system-wide changes with Microsoft Dynamics GP 2016:

Web Client enhancementsMicrosoft Dynamics GP 2016

The user interface for the Microsoft Dynamics GP 2016 Web Client has been refreshed to provide a more updated appearance. The banner in space now enables users to log in and log out, as well as indicating what company they’re logged into number of enhancements to the user experience.

Open Web Client windows using search – A new search feature let you locate and open windows through search. The new search feature also works with applications that integrate with the Web Client.

Word templates for batch approval workflow – Workflow batch approvals now have a default Word template for the edit list for the following batches in the following areas:

  • General Ledger
  • Payables
  • Receivables

The edit lists can be emailed to an approver to provide complete information about the transactions in the batches before approving the workflow step.

Workflow reassignment notifications – Now you can configure a workflow to automatically notify a new approver when they need to act on a workflow that’s in process. Notifications can be sent to a new approver for who was delegated to the workflow, who is part of an escalation process, or who is an alternate approver.

Configurable OData Service points added – Now you can define end-points for an OData Service, which allows Dynamics GP data to be read by any tool that supports OData feeds. The open data protocol, typically referred to as OData, defines a data model and a protocol that can let any client access information that’s exposed by any data source.

Business Intelligence Enhancements – Import and export SmartLists from SmartList Designer

Now you can export and import SmartList definitions that have been created with SmartList Designer from one install to another. This is handy for partners who create SmartLists for one customer, then import them into an implementation for another customer. Customers can use the same functionality to export and import SmartLists across sites or divisions.

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 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 GP in the cloud or on your servers—the choice is yours. Contact us at Accountnet to learn more.

FASB’s revenue recognition standard includes complex disclosure rules

A common misconception is that revenue disclosures are just like “showing your work” in math class – i.e. simply documenting whatever calculations you made to arrive at the revenue numbers. But the disclosure requirements actually involve much more. Continuing the math class analogy, it’s as if your teacher isn’t just demanding that you show your work, but also that you write an in-depth essay explaining the approach you chose, why you chose it, what assumptions you made, what tools you used, and what processes you followed to ensure nothing would go wrong.Financial disclosures

FASB’s new standard significantly increases the amount of information companies are required to disclose about their revenue activated and related transactions. To comply, a company will likely need new processes, procedures, and controls for: (1) gathering data, (2) identifying applicable disclosures (based on relevance and materiality), and (3) preparing and reviewing disclosures and related information. It will also need information systems and personnel to support disclosure-related activities. Establishing and testing all of these elements will likely require significant time, money, and effort. (more…)

What’s New in the Cloud?

Microsoft Cloud is a secure solution that can listen, learn and predict; turning data into actionable insight that enhances business opportunities. With the cloud, high performance computing and agility can help businesses expand their growth. The Cloud connects every user in your organization to the data they need to make better decisions, faster. Here are three services the Cloud can provide to help your business flourish. (more…)

How to Prepare as a Startup CFO

Change is the only constant; at a startup company change happens quickly. Usually, in this environment there is no established business model, which can make these changes hard to keep pace with. What do you need to do in order to stay current as a startup CFO? Being able to accurately assess and correct issues when things aren’t working is invaluable.

A prepared CFO is flexible, embracing change while fostering innovative and creative problem solving. Being flexible will lead to growth and success within the company, even when it challenges the status quo. The prepared CFO is unafraid of speaking up and shirking procedures that are halting growth in their businesses, attempting to move towards creating a results-driven culture. (more…)

How Microsoft Dynamics GP Reporting Tools Helps You Make Fast, Informed Decisions

Dynamics GP Your business is made up of a lot of moving parts. But when different departments are using different solutions, it becomes nearly impossible to run your business as one well-oiled machine. Dynamics GP is the unifying solution your employees will want to use. A familiar user interface similar to Microsoft Office will increase user adoption and lower the learning curve. Gain breakthrough insight into business performance and profitability, provide an integrated view of risk exposure, monetize market data, deliver on regulatory compliance requirements, and capitalize on the Internet of Things. Microsoft Dynamics GP encompasses enterprise data management, analytics, pervasive business insight, dynamic user visualization, and self-service access for business users.