Articles By: AccountingWare

AccountingWare's Logo 6 Elements of a Good Financial Design Statement

Good financial statements empower your company to make better strategic decisions, but how do you know if your financial statements are good? If they're not, how do you make them better? Some basic principles separate the good from the bad, but your financial statement quality also depends on how well suited it is to your …

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AccountingWare's Logo Data Visualizations for Financial Statements

While the numbers in your reports are the stars of the show, many of your users, especially those not in the finance department or accounting, will benefit from seeing a visual representation such as a chart or a graph. Visuals help put numbers in context, letting your users see the bigger picture and spot trends …

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AccountingWare's Logo Best Practices for Formatting Financial Statements

Your formatting choices can make or break your financial statement's effectiveness. Good formatting helps a report communicate more clearly by drawing attention to essential information and showing relationships between items, while bad formatting can overwhelm and confuse users and make it harder for them to determine which pieces of information to focus on. Color choices …

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AccountingWare's Logo Facilitate the Closing Process using ActivReporter Summary

Check Accounts for the Correct Type One of the most critical items in closing General Ledger is to make sure that all accounts are correctly "typed" as either Balance Sheet (type=0) or Income Statement (P&L) (type=1) accounts. Failure to correctly type accounts will create problems that are difficult to remedy. The closing process treats balance …

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AccountingWare's Logo How to Produce Accurate GP Financials BEFORE Closing the Prior Year

The Current Problem with Dynamics GP at Year-End Dynamics GP has an Achilles heel in that you must "close" General Ledger for the prior year in order to produce accurate financial statements for the new year. The closing procedure in Dynamics GP performs two processes that are essential for accurate financial statements: Balance Brought Forward …

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AccountingWare's Logo A Brief History of ActivReporter

Dynamics GP users in search of a replacement financial reporting tool look at ActivReporter, and after seeing it in action, they want to know how to get it! But first… they have to ask "the" question. Each time I hear it, I see the proverbial shield go up as they quickly duck behind it as …

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