Archives for March 2016

DCAA Compliant ERP: Microsoft Dynamics SL

DCAA compliant ERPMany project-centric companies provide services that the federal government contracts on behalf of its many agencies. Pursuing a government contract can be lucrative for a business, but unless you’re prepared it can also present numerous headaches as you try to comply with regulations and prepare for audits. Even state level contracts are becoming more complex as states adopt federal guidelines.

  • One of the biggest requirements for doing work with the federal government is the need to satisfy the Defense Contract Audit Agency, or DCAA, which is responsible for performing all audits and for providing accounting and financial advisory services to the Department of Defense and many other federal agencies.
  • Government contractors are subject to Generally Accepted Accounting Principles (GAAP) and are not usually awarded contracts until they pass a pre-award accounting system survey.
  • Federal Acquisition Regulations (FAR) are a set of regulations that outline the requirements of contractors that sell to the government. These are rules on specifications, payments and conduct and actions regarding solicitation of bids and payment of invoices.
  • Depending upon the size of the contract, you may have to comply with different requirements under the Cost Accounting Standards and will need to submit a CAS Disclosure Statement that validates your accounting system.

Your accounting system only reflects your potential for compliance – equally important is how the system was implemented and the procedures you use every day. Accountnet, a Gold Certified Partner for Microsoft Dynamics SL, has the necessary expertise in government compliance, is familiar with FAR, DCAA, CAAP and CAS — and can help you navigate this alphabet soup of regulatory challenges when deploying an ERP system for your project-centric business. Contact us today for a free phone consultion.

 

 

 

Excel, Web and Mobile BI Tools for Microsoft Dynamics GP

Companies rely heavily on their business data to make informed business decisions, and easy-to-use financial reporting tools are essential for staying competitive in today’s global environment. Most tools produce custom financial reports by pulling actuals from your data sources with an option to query live data live from Dynamics GP (which itself comes with a native report writing function).  But these reports aren’t the same as full blown Business Intelligence (BI) analytics, so third-party software solutions can be integrated to offer more powerful reporting capabilities.

Reporting Apps | AccountnetFor organizations using Microsoft Dynamics GP there are a number of BI reporting options available including Excel, web and/or mobile platforms for real-time reporting.

Web-based reporting — including cloud-based options — provide secure and flexible data management and analytics via a web browser from anywhere with an internet connection.  Cloud reporting generally requires integration with a BI data store so real-time ERP reporting isn’t always available, but there are hybrid web/Excel-based reporting tools that do offer live integrations.

In an earlier blog post, we talked about how users in most finance departments prefer Excel-based solutions.  Excel add-in reporting solutions, like Solver’s BI360, enhance the Excel spreadsheet application with capabilities that focus on secure collaboration and dynamic accounting logic.  Products like BI360 minimize manual Excel reporting issues and drastically reduce the amount of time spent training users on a new product.

BI360 also offers the flexibility of crafting financial reports in Excel and running the reports on the Web or even via a mobile app on a smartphone or tablet.  Although you can’t currently design these reports on a mobile device, you can view reports and have all the drill-down capabilities available through Dynamics GP.  Availability of reporting via mobile apps should be a taken into consideration when shopping for BI reporting tools even if they do not yet include the full functionality that you require.  As more and more business users expect to work via mobile device, reporting tools will continue to evolve.

For assistance in evaluating which BI reporting tools make the most sense for your organization, get in touch with Accountnet.  We are Gold Certified Partners for Microsoft Dynamics and can help you select and implement the best solution for your needs.