One of the frustrations we often hear when meeting with a potential new customer is related to closing their year-end books. This can be a source of much agony in the business, especially when the boss is asking for reports, and the accounting staff is wondering if they can post transactions for the current year before [...]
continue reading...Posts Tagged ‘Arizona Microsoft Dynamics GP’
Is it Time for an Annual Analysis and Evalution of Your Business Technology?
This is the time of year when we look back on our accomplishments or lack thereof for the year and we begin to look ahead. Take some time to spell out the three most important goals for your business in 2012. Take a step back and set up an annual analysis and evaluation of the [...]
continue reading...Six Ways to Prepare for a Call With an ERP/Accounting Software Provider
There are a lot of steps in the process when you’re searching for ERP software to help streamline your business. What should you do before making that first call to a salesperson? Some things are fairly obvious and some are not. Here are six ways to prepare so you can get the most information out [...]
continue reading...Management Reporter Replacing FRx in Microsoft Dynamics GP
There has been a lot of talk about the new financial reporting tool being shipped with Microsoft Dynamics GP: Management Reporter (MR). MR, as it is commonly called, is a 64-bit, SQL based report writing tool. Reports are stored in a secure SQL database, and data is pulled from the Dynamics GP SQL data. It [...]
continue reading...How to Gain Trust in Microsoft Dynamics GP and Realize Your True Potential
Nothing is worse than wondering whether your financials are on track, especially if you’re running a business. Unfortunately, worrying about it doesn’t do much good and spending time double or even triple checking your work can take up too much time, greatly impacting your bottom line. We here at Sherwood Systems recently worked with a [...]
continue reading...Update: New Rules Require Rental Property Owners to Issue 1099s Starting With the Tax Year 2011
On February 28th, we notified you that 1099 changes were coming and to start planning for the new law. With the recent repeal of Expanded 1099 Reporting (see below), Form 1099 reporting is back to the way it was prior to enactment of the 2010 Patient Protection and Affordable Care Act and the 2010 Small [...]
continue reading...No, It’s Not Harder and More Complicated Posting and Voiding Checks in Microsoft Dynamics GP vs. Quickbooks!
Did you know that in QuickBooks, you can’t void a transaction and have that void affect the current period by simply voiding it? For example, if the accounting manager voids a check from a prior year or period, the checking account balance is adjusted from the date of the voided check. This creates the following [...]
continue reading...New Rules Require Rental Property Owners to Issue 1099s Starting With the Tax Year 2011.
New reporting requirement for rental property expense payments. If you receive rental income from real estate, you may be required to report payments you made for rental property expenses. You will use Form 1099-MISC, Miscellaneous Income, to report these payments. For more details including exceptions, see the Instructions for Form 1099-MISC and www.irs.gov/form1099misc. The recently [...]
continue reading...Commission Tracking in Microsoft Dynamics GP
Many of the clients I work with have commission plans for their salespeople and ask about the capabilities and features of Microsoft Dynamics GP for commissions tracking. The software product itself has basic commissions functionality, and there are some 3rd party ISV products that specifically handle more complex commissions requirements than are found in the [...]
continue reading...Data Flow in Microsoft Dynamics GP
In working with Microsoft Dynamics GP users, we’ve found a common area of confusion abount the flow of data in the core modules – Payables, Receivables, General Ledger, Inventory, and Sales Order Processing. While the concepts are the same, the behavior is a bit different for each of these modules. Effectively, there are 3 sets [...]
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