Microsoft Dynamics SL Project features continue to be a game changer for businesses. The project enhancements in this release have wide-spread impact, affecting the way you work with your customers and providing greater project management efficiencies to your staff. This release reflects the growing needs of project-based companies. Also, making Microsoft Dynamics SL processes simpler is a focus for the entire product. Let’s look at some of the key features that can make accounting easier and more efficient for your business:
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 can help you decide what is the best financial software solution based on your business needs. Also, 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 SL. Contact us at Accountnet to learn more.
Written by Accountnet, Inc.