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How can better Financial Reporting with Microsoft Dynamics enable a successful Audit?


One of the best defenses against business setbacks, and an important driver of business performance, is having an up-to-date accounting system that minimizes risk and enables the creation and preservation of value. Successful organizations know how to take advantage of opportunities and counter potential flaws and therefore improve their performance, in many instances through effective application of controls. With a business solution from Microsoft Dynamics GP, whether in the cloud or on your servers, you are able to better manage your financials:

  • Support your business goals and growth ambitions real time currency and consolidation tracking, with Management Reporter or Jet Global software.
  • Effectively manage finances with powerful business applications that are quick to deploy, like Workflow, easy to use and can enable more growth for your business needs.
  • Grow efficiently — use SQL technology to reduce costs and really enable your data access to track more data from other systems.
  • Safeguard your business by setting up role-based security to keep your data protected and be prepared for the unexpected so your business never misses a beat.
  • Do business anywhere — get the benefits of more mobilization with Microsoft Analyzer, which can access dashboards and information and have them work together wherever you are located.
  • SmartLists provide a readily available and easy way to create ad-hoc reports and queries into the accounting system data without knowing more advanced reporting tools like SQL Reporting Services, Crystal Reports, or other popular tools.

Microsoft Dynamics GP and Office 365
The move to the cloud is just part and parcel of the revolution happening in business today, with more flexible ways of sharing information and the ability to visualize and interact with data in real time from virtually anywhere. Microsoft Dynamics in the cloud can have your team sharing, connecting and reporting regardless of where they need to work, with security-enhanced access via a web browser.

Only Microsoft offers a complete platform with the flexibility to deliver the solutions you need, from server to cloud, desktop to mobile devices. The Microsoft cloud, along with Power BI, gives businesses a connected platform that helps automate their core processes and lets them grow their operations efficiently by enabling better reporting with Management Reporter. Since its introduction, Microsoft Dynamics GP has become one piece of a total business solution that helps organizations focus less on their infrastructure and more on their strategic needs.

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 also train your accounting staff to use it to create the reports they need so they can analyze data as needed. Our solutions provide accounting personnel the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step toward growth with Microsoft Dynamics 365 Business Central in the cloud or on your servers — the choice is yours. Contact us at Accountnet to learn more, 212-244-9009 or visit www.accountnet.com!

Microsoft Dynamics: Focus on Growing Your Business


Dynamics GP is a complete enterprise resource planning solution for small to medium sized businesses. Dynamics GP helps you gain control over your primary business drivers. From financials and reporting to operations, Dynamics GP brings people and systems together to support your business ambitions.

Get More with Business Intelligence and Reporting

  • Business Analyzer

Gain powerful, role-specific insight with charts and graphs both inside of Dynamics GP client and outside through a companion application, plus perform tasks and collaborate with others. View SQL Reporting Services, Microsoft Excel and Management Reporter reports from one central location, giving the ability to access data from virtually anywhere. Business Analyzer is optimized for tablets powered by Windows, iOS and Android platforms.

  • PowerBI Dashboards and Reports

Several premade dashboards and reports are available that connect directly the Dynamics GP and accessible through PowerBI Desktop or on the Dynamics GP Homepage.

  • Excel Reports

With over 400 built in Microsoft Excel reports that connect directly to the data source plus an Excel report builder, Dynamics GP offers a solid foundation to create reporting. Refreshable excel reports provide easy and quick access to latest data from a network location, local desktop, or even SharePoint.

Cloud implementations typically deliver full return on investment within two years and may cost as much as 50% less than traditional on-premise solutions. Savings will be accrued in multiple areas:

  • Fewer IT staff will be needed to maintain hardware and program/develop software.
  • Upgrading is far more simple and inexpensive without the need to constantly reapply all the customizations you’ve made to your system over the years.
  • Many customers pay maintenance fees on accounting modules they haven’t even implemented yet, so eliminating those wasted or unwanted fees will result in huge savings. Some vendors are offering customers that migrate to the cloud the change to convert their license support costs to a subscription model, without losing the license permanently.

Accountnet helps drive the digital transformation of your business on your terms. As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. Our Microsoft solutions provide accounting personnel the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step toward growth with Microsoft Dynamics 365 Business Central in the cloud. Contact us at Accountnet to learn more! www.microsoftfinacialsoftware.com

Are CFOs Naïve on Cyber Insurance Monday?


Cyber plans don’t cover many of the losses finance chiefs think they do.

            Most senior finance executives at large companies believe that cyber insurance would cover most or all of the losses incurred in a cyberattack, a new study says. In a study of 105 CFOs and other senior financial executives at companies with revenue of at least $1 billion, performed by CFO Research, 45% said they expected their insurer would cover “most” related losses from a cybersecurity event, and 26% said they expected the carrier to cover “all” related losses. But most of the effects these financial executives expect to experience in a substantial cybersecurity event aren’t typically covered by insurance policies.

            The survey participants were on target with their top response, “New costs to mitigate the loss.” Many new costs including expenses related to restoring data or equipment are cover by first-party cyber insurance or property insurance, according to FM Global. And third-party insurance can cover litigation and customer notification costs.

            But the rest of the costs listed in the study would likely be absorbed by the victimized company. Moreover, more than half of the survey participants said financial recovery from a substantial cybersecurity event would take months, quarters, or years.

            “As essential as cyber insurance is, the findings indicate financial executives may be deriving a false sense of security from it,” says Kevin Ingram, the insurers CFO. “That’s why were committed to helping our clients prevent loss in the first place.”

            FM Global or Microsoft MSP’s provide a cyber-risk assessment tool that identifies addressable vulnerabilities in physical security, information security, industrial controls, and building automation systems.

            The company notes that responsibility for cybersecurity no longer falls exclusively on a single department. “From supply chains and infrastructure to facilities and data, risk managers must now deal with cyber-based threats that potentially affect an entire business, enterprise-wide”, FM Global wrote in a separate report. “And the more businesses depend upon data and technology, the more exposed to cyber-induced business interruption they become.”

            Recently published in CFO Magazine, Accountnet does not just install and configure the software – we train your accounting staff to use that software to create the reports they need, so they can analyze data efficiently. Accountnet helps you spend more of your valuable time on building your business, strengthening vital client relationships, and streamlining your organization. Our Microsoft Talk offers in-person customer discussion to put you behind the wheel and to foster self-sufficiency with your system. We also identify new technological changes and web-based solutions that can enhance your workflow, whether you work from home or at the office. Email customercare@accountnet.com to schedule an on-site Microsoft Talk. Protect your information before the current version of your software becomes extinct – before Microsoft “End of Life” becomes a reality. Microsoft Talk is first come first serve. Thank you.

How is Microsoft Dynamics Financial Reporting so Important in 2020?


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 or lack of report distribution—now is the time to give your people the reporting tools they need to succeed. Microsoft Dynamics GP or Dynamics 365 Business Central 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.

Microsoft transforms the way you work and connect

The innovative new web client and companion apps run on multiple mobile platforms and enable your people to connect and contribute wherever, whenever and however they want. They can work from the office, on the road, or at home, and on a PC, tablet, iPad, or mobile device of their choice without a huge burden on IT.  The new web service console also allows your IT team to extend web access without worrying about sacrificing security and control.

Drives and supports your business growth

Dynamics GP supports and propels your business goals and overall growth. It easily accommodates new processes and additional lines of business, and it scales to meet higher demands, without sacrificing performance or incurring major increases to your original technology investment, including other Microsoft products.

Additionally, you can access and organize all this data virtually anywhere. Microsoft Dynamics GP makes it easy by collecting the data from every source, external and on-premises, and giving you drag-and-drop visualization tools to quickly analyze and explore your insights. Stay connected to your data from anywhere, anytime with Microsoft Dynamics for Windows, iOS, and Android. Get a 360° view of your business data on the go – at the touch of your fingertips:

  • View your personalized dashboards and reports anywhere. Interact with your data easily in a touch-optimized experience with the Power BI native Windows, iOS, and Android apps.
  • Stay up-to-date with data-driven alerts. Discover important insights in time and act on them instantly.
  • Share live reports and dashboards to keep your team on the same page.

Reduces your risk

Millions of users around the world already trust Microsoft to deliver innovative consumer and business solutions. In addition, Accountnet can provide local business to business resources and expertise you would need. When you purchase Dynamics GP, you can be assured of support and functionality like Financial Reporting. Reports can be viewed and refreshed with a web viewer, Power BI, Currency Tracking and Consolidations.

Propels your business forward

With a business solution backed and maintained from Microsoft, Accountnet has enabled a broad range of solutions that address specific accounting software needs. It includes being able to view information that is secured by role, allowing people only the information that is important to them.  These flexible tools enable your team to be proactive and productive—keeping you ahead of the technology curve. As a result, your business can move forward instead of standing still.

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.

How can Microsoft Dynamics SL Multi-Company track companies easier in 2020?


You and your employees both have a desire to grow your business. In order to reach this goal, you need innovative solutions to evolving problems. Microsoft Dynamics SL delivers long-term value with a solution that is easy to adapt and connect with independent software vendors (ISV’s), other line-of-business applications, and the Microsoft technology that you already use in your organization. Comprehensive out-of-the-box features and quick, customizable options to get you up and running fast and affordably.

Microsoft Dynamics SL has powerful financial management capabilities in the Multi-Company module that can meet the unique needs of your organization. Easy to learn and effective in use, Microsoft Dynamics SL works with the technology systems you already have to deliver long-term value without a complex and costly implementation:

Tailor to your system to benefit your company:

  • Monitor, analyze, and report on multiple companies or functional divisions within your organization. Focused and flexible capabilities help you set up multiple companies, run processes, close books, and report results by company or in a consolidated company.
  • Configure Microsoft Dynamics SL Multi-Company to operate with several companies in a single database, multiple databases, or both. Bring your businesses together — whether centralized or decentralized and geographically disbursed — while automating time consuming and error prone tasks.

Process transactions seamlessly create due-from/due-to entries automatically to keep your intercompany transactions in balance. Companies in separate databases and locations can easily transfer intercompany general ledger transactions from one location to another, so that accounting entries are applied to the correct company, while ensuring balanced sets of books.

Centralize your cash control Assemble accounting and reporting into a single location or company, and apply payments, write checks, or take requisitions for subsidiary companies. This helps reduce duplicate efforts and training from location to location, and maintains the inter-company balances between the subsidiary and the central companies for full reporting and tracking at the transaction level.

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  Microsoft 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 SL in the cloud or on your servers—the choice is yours. Contact us to learn more.

Microsoft Dynamics GP Redefines Business Processes and Reinvents Productivity


You’ve reached a stage where you may not have the right tools or processes in place to further grow your business. Your opportunities could be limited by basic accounting software. But investing in a complete technology overhaul isn’t realistic, and do you really have the capacity to add new IT staff to manage additional systems? 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, you able to harness the power and flexibility with other Microsoft tools, like Power BI.

You need technology that enables your business: technology that’s affordable on a small-business budget and doesn’t lock you in or restrict your future options. Business solutions from Microsoft help you move away from the complexity of traditional accounting software systems so you can focus on the things you enjoy about running your business and connecting with your customers.

Spot trends, anticipate demand. When key parts of your business are connected, your people can do more, and your business can grow. Our custom-fit solutions built on Microsoft Dynamics GP can help you connect the pieces of your business to reveal insights about your operational processes and your best path for growth.

Share data and collaborate for better results. Imagine the time and cost savings if your IT department could use real-time operational data to help your team make better decisions and do their job better. Your people are your greatest asset—and it’s your job to make sure they have what they need to work effectively. Microsoft Dynamics GP integrated with Office 365 helps your team connect in real time, collaborate on documents and files, and seamlessly share reports and other information, whether they are in the office or on the go.

The move to the cloud is just part and parcel of the revolution happening in business today, with more flexible ways of sharing information and the ability to visualize and interact with data in real time from virtually anywhere. Microsoft meets the needs of businesses by uniquely bringing together the tools they need to manage operations, keep team members productive, and bring you closer to your customers.  Microsoft Dynamics GP in the cloud can have your team sharing, connecting, and reporting regardless of where they need to work, with security-enhanced access via a web browser.

Pairing Dynamics 365, GP or SL with Accountnet’s setup team integrates your data, reports, and business management software, giving you the ability to see the big picture, with one-click access to the details. We can enable your private cloud or AZURE which will provide a connected platform that gives you the freedom to deploy and use technology in the way that makes the most sense for your business. It also keeps your IT manageable, so you get the most out of your investments. More and more people can move off QuickBooks to get the financial consolidations and currency tracking you deserve. Contact Accountnet when you are ready to make the move. We can help you determine the best solution for your unique business needs. http://microsoftfinancialsoftware.com/contact-us/