Tight management of accounts receivables is very important for cash flow and profitability. Collections are a problem for many companies, but they doesn’t have to be. Today’s enterprise resource planning (ERP) software can help you regain control over receivables so that you can put your focus on running your business and not on chasing money. Many accounting [...]
continue reading...Finance Department Tips & Tricks
Simpler, Smarter Reporting with Microsoft Dynamics GP: Right Out-of-the-Box with 260 SQL Reports and 220 Excel Reports!
Some companies think, “The more reports, the better.” We’re here to dispute this statement as it’s not the number of reports that’s important, it’s the value those reports bring to your business operations. We here at The TM Group are firm believers in simpler, smarter reporting. And this approach is made possible with Microsoft Dynamics® [...]
continue reading...Find Mismatches in Less than 5 Minutes – Microsoft Dynamics GP and The Closer for Quick and Easy Reconciliation
There’s nothing worse than balancing your checkbook and finding a large discrepancy for no apparent reason. That feeling gets even worse when you’re balancing the books of your company. You need to make sure your finances are in check at all times or you run the risk of an IRS audit, unwanted fees, and wasted [...]
continue reading...Inventory Valuation Methods for a Dynamics GP Dummy
During the sales process I try to avoid questions regarding inventory valuation and to be honest I do this because I do not understand the differences and what impact the valuation options have on the financials. I am not an accountant nor do I try to be, however I should really have a better understanding [...]
continue reading...Three Reasons Why ERP Software is a Must for Financial Management
Enterprise Resource Planning (ERP) software can do a number of things for your business. One of its main perks is the financial management capabilities. Microsoft Dynamics® ERP software improves financial management in the following three ways: Compliancy: It’s not a great feeling having the IRS look over your shoulder, threatening the life of your business. [...]
continue reading...Study Suggests Younger Execs Would Rather Quit Than Work With Complicated ERP Software
In all of your job interviews, how often has a question about your proficiency at working with enterprise resource planning (ERP) software come up? Chances are, it never has, and that should not be surprising. ERP software is supposed to make things easier for the employees, not require them to get extra degrees just to [...]
continue reading...Leverage Business Intelligence with Microsoft Dynamics GP for a Greener Workplace
It’s becoming more and more common for businesses to comply with a growing set of local environmental regulations and with customer requirements that it run a greener business. A greener business means a couple of things: sustainability and productivity. Green businesses waste fewer resources and leverage the right tools to make the most of their [...]
continue reading...Multiple Element Revenue Arrangements: Compliance with Microsoft Dynamics
Think for a minute about how ubiquitous software has become. How many everyday consumer products, such as mobile devices, have embedded software today? How would businesses function without software? How many online services depend on software to take care of their customers? Every day new smart products or helpful services are created – software is [...]
continue reading...Extension of Microsoft Dynamics GP Payroll Functionality with Integrity Data Products Makes for Happy Employees and Payroll Managers
Paying your employees is a little more complicated than just tracking their hours and cutting a check. There are a lot of different components involved that require close attention to detail. For example, if your employee signs up for direct deposit, you need to ensure they receive notification of payment. Or if employees participate in [...]
continue reading...Tip for Exporting Microsoft Dynamics GP Reports to Excel Using SRS
It is now very easy to export detail Trial Balance reports (GL, AP and AR) from Dynamics GP to Excel using the SRS reports that come with Dynamics GP 10.0 and 2010. Before, it required a lot of editing and formatting to get the reports to look OK in Excel. Now, the SRS reports are [...]
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