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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.

How Can You Purchase Microsoft Dynamics in 2018?


Microsoft Dynamics products can help businesses be more productive and their investments in existing systems last longer. At the Accountnet Cloud, you’ll find information including featured content, blog posts, product fact sheets, executive biographies, event images, product demos and screenshots. We begin this initial process with an extended relationship analysis (ERA) review.

Microsoft Dynamics GP

Get up and running quickly- More than just small-to-midsize business accounting software, Dynamics GP is an accounting solution that makes it easy to start with only what you need now, and then adapt as your needs change. It’s flexible, configurable, and designed to grow with you.

Dynamics GP 2018 includes: Financial management and accounting

  • Manage your cash, assets, budgets, and E-banking—with account-level security.
  • Track and manage your expenses, purchase orders, requisitions, and vendor invoicing.
  • Financial reporting
  • Get real-time visibility and analytics to track performance and act with insight.
  • Keep up to date with Microsoft technology, with the help of Analytics in Power BI and other evaluation tools.

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How Can You Build More Value With Lower IT Costs On The Microsoft Platform?


Now, more than ever, IT budgets are under close scrutiny.  With Microsoft Dynamics GP, however, you are not just giving your organization powerful analysis tools, you are also giving your IT team the flexible and familiar platform it needs to take charge of their budget and empower your people.

Microsoft Dynamics GP can help you reduce IT costs and facilitate user productivity:

 

  • Comprehensive out-of-the-box functionality meets your specific business needs without adding cost and time to the implementation process.
  • Rapid implementation tools reduce time and expense getting you up and running quickly.
  • Leverage your existing IT assets, such as Microsoft SQL Server and the Microsoft Office suite.  And with Microsoft Office 365, you can bring advanced search, business intelligence, and workflow capabilities to Microsoft Dynamics GP – and your organization.
  • Personalization tools help you to extend the system without expensive customizations to give users an experience tailored to their unique needs.  Gain tighter controls with a streamlined Analytical Tools with Power BI.
  • Customize efficiently and cost effectively without development or programming knowledge to tailor information views and automate routine tasks.
  • Integrate with non-Microsoft applications using Microsoft Dynamics GP connectivity tools and easily connect with external data sources using Web Services.
  • Choose a deployment model that works for you.  Whether it’s on premise or hosted, Microsoft Dynamics GP delivers a solution that you can count on now and into the future.

 

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 deserve the right software and its capabilities today.

 

Learn how other organizations have used Microsoft Dynamics GP to lower IT costs.  Contact Accountnet, Inc. www.accountnet.com, 212.Dynamics.  To discuss how Microsoft Dynamics can help your organization beyond tomorrow.

How Microsoft Dynamics GP Can Make A Difference In 2018


Microsoft has a complete vision for business applications, like Dynamics 2018 -newly released- and it goes beyond what a simple stand-alone accounting solution can do. It starts with a unique combination of business intelligence, collaboration, and financial tools embedded across your core business processes. The result—empowered people who make decisions that help increase your margins, improve your cash flow, and ultimately drive your business growth.

New workflows for new accounts, receivings transactions and purchasing invoices

New workflows have been added to control the addition of general ledger accounts, purchase receivings transactions and purchasing invoices. The workflow for general ledger accounts can be initiated from any area of the system for any new accounts, or for any accounts that are in a workflow state, for example when an account has been edited, but not yet approved. (more…)