Global organizations can have complex consolidation scenarios. Often legal entities that need to be consolidated have different chart of accounts and fiscal periods. The consolidation process in Management Reporter, which is now part of the Microsoft Dynamics GP installation, supports these scenarios without the need for an elimination company.
Financial statements enable a custom reporting structure and mapping of ledger accounts or dimensions to the reporting structures. Financial reports, to comply with legal requirements and international accounting standards, include balance sheet, income statement, and cash flow statement. Create boardroom-quality financial statements and reports without IT assistance, consolidate across companies within Microsoft Dynamics GP, and take advantage of secure report distribution and storage using Management Reporter. Collaborate on financial reports using the Web-based report viewer. Financial reporting capabilities will be delivered in all available languages for Microsoft Dynamics GP. Book transactions across subsidiaries and the parent company. Consolidate financial records. Support shared services in organizations with multiple legal entities by using centralized processing of customer and vendor payments.
Reports are tedious as it can take days for manual collation. Microsoft Dynamics GP provides options for optimal analysis and reporting, creates and consolidates reports, and looks for trends and relationships. This drive towards a single system provides operational efficiencies through standardization plus economies of scale that may have been previously unachievable
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 the Microsoft cloud or on your servers—the choice is yours. Contact us at Accountnet to learn more.