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.
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.
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
Written by Accountnet, Inc.