How Microsoft Dynamics can track more financial data in the Cloud in 2018?

Microsoft Dynamics has multiple product lines and most users rely on Microsoft and Microsoft’s latest technology to continue success. When you choose Microsoft Dynamics GP, you can focus on growing your business, rather than on the technology supporting it. Everything you need – your operating system, database, personal productivity tools, e-mail, and business management system – comes from one trusted Software Publisher, Microsoft. By delivering a cohesive solution that helps lower implementation and long-term ownership costs, Microsoft Dynamics frees you to harness the power and flexibility of an award-winning business management solution.

We at Accountnet offer Dynamics GP, Dynamics SL and Dynamics 365 Business Central and provide set-up and sales support.

With Dynamics 365 Business Central you can Manage your financials

Make informed decisions and Connect data across accounting, sales, purchasing, inventory, and customer interactions to get an end-to-end view of your business. Chart financial performance in real time with built-in Power BI dashboards.

Accelerate financial close and reporting

Streamline accounts receivables and payables, and automatically reconcile accounts to close and report on financials quickly and accurately, while maintaining compliance.    [Read more…]

How Can Microsoft Dynamics SL 2018 Make Accounting Simpler?



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:

Multi-Company Processing

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.

Accounts Payable

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.

Accounts Receivable

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.



How Can Microsoft Dynamics GP Enable A Better Technology Ecosystem Today?

We hear about more and more organizations that try to automate or migrate old reports to the new Financial Report Writer. “Better enablement with visibility” is the number one need identified by business people when it comes to how they get and use information. Visibility means getting the right information into the hands of the right people at the right time. The right information is relevant and accurate. The right people are those who know what to do next. The right time is whenever they need it. That’s the process of enablement.

Workflow automation helps you streamline key tasks and boost operational efficiencies while freeing your people to pursue their core competencies. Intuitive customization and seamless integration with your existing IT infrastructure help reduce total cost of ownership (TCO) and can extend the value of your IT investments. [Read more…]

How can Microsoft Dynamics GP enable better reporting today?

Microsoft Dynamics GP

One of the best defenses against business setbacks, and an important driver of business performance, is having an up-to-date accounting system that minimizes risk and enables the creation and preservation of value. Successful organizations know how to take advantage of opportunities and counter potential flaws and therefore improve their performance, in many instances through effective application of controls. With a business solution from Microsoft Dynamics GP, whether in the cloud or on your servers, you are able to better manage your financials:


  • Support your business goals and growth ambitions via currency and consolidation tracking.
  • Effectively manage finances with powerful business applications that are quick to deploy, like Workflow, easy to use and can enable more growth for your business needs.
  • Grow efficiently — use SQL technology to reduce costs and really enable your data access to track more data from other systems.
  • Safeguard your business by setting up role-based security to keep your data protected and be prepared for the unexpected so your business never misses a beat.
  • Do business anywhere — get the benefits of more mobilization with Microsoft Analyzer, which can access dashboards and information and have them work together wherever you are located.

[Read more…]

How Can Microsoft Dynamics SL Be Tailored To Your Business Needs?

Dynamics SL

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Companies have ever changing needs. One of the many reasons customers use Microsoft Dynamics SL is because it can support different types of business needs in parallel, unlike some solutions that focus on one industry. It bridges the gap with comprehensive management software functionality integrated with robust accounting capabilities.

Microsoft Dynamics SL delivers the flexibility and agility that growing companies need to support business today and to be prepared for the future. For financial and project management with better reporting, Microsoft’s quick-to-implement, easy-to-use business management solution has the power to support your growth ambition. And Microsoft Dynamics SL works together with Office 365 to extend the value of your business application with enhanced productivity, collaboration, mobility, and business intelligence.

With Microsoft Dynamics SL, users can

  • Access role-specific information and can perform data-entry tasks, like project time and expense entry, and analysis—all from a smartphone, tablet, or desktop.
  • Drive better decision-making, manage people and finances, and maintain profitability for client services and projects.
  • Have access to powerful project and financial management capabilities designed to meet your unique business needs.

Microsoft Dynamics SL allows you to implement and use SL in a way that fits your business needs. The built in functionality and flexibility makes it a great fit for many industries, especially for companies that use financial tracking across multiple business settings. Additionally, Microsoft Dynamics SL can be deployed in the cloud, hosted with the help of Accountnet, or on your servers. Start with what you need today, and easily adapt as your business grows.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. 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 in the cloud or on your servers—the choice is yours. Contact us at Accountnet to learn more.

Why is Microsoft Dynamics SL easy to use?

Click Here To Take Our Needs Assessment

Microsoft Dynamics SL is an accounting software solution that is designed to meet the unique needs of financial service companies. Microsoft Dynamics SL helps you connect management and accounting, streamline business processes, and deliver insight across your entire business. A more comprehensive approach improves the accuracy and integrity of insight that you can gain with actuarial, financial, and operational risk. Microsoft Dynamics SL delivers breakthrough insight into business performance and profitability, improve combined and loss ratios, and provide an integrated view of enterprise-wide risk exposure.

Give people a solution they’ll want to use, and help your business thrive. Designed to work like and with Microsoft Office products, such as Microsoft Outlook, Microsoft Excel, or Microsoft Word, Microsoft Dynamics SL helps reduce training time and costs. People can get started right away using role-based menus, activity panes, and quick lists that make it easy to prioritize tasks. Enhanced search features let you find what you need by simply typing a few words, and provide a history of recently-viewed reports and screens.

Additionally, Businesses can choose what works best for them when it comes to software installation and deployment. Dynamics SL offers two options that take the unique needs of each business into account, while still offering a high level of functionality. Organizations can choose to deploy SL directly on their on premise servers or by using a remote hosting center and accessing SL through the Internet. This flexibility means that businesses lacking IT infrastructure don’t need to add significant additional costs to implementation.

With Microsoft Dynamics SL, you can go beyond basic reporting with a host of features designed to place the information you need at your fingertips. Get a predefined, role-based view of data by using Quick Query to filter, customize, or drill back to the original transaction—and easily export to Microsoft Excel for further review. Transform your business strategies with quick access to advanced analytics for project, distribution, and financial data, and make sure that data is current with refreshable analytic cubes. You can also convert unwieldy volumes of data into concise, relevant information to be shared across your organization with Microsoft SQL Server Analysis Services.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. 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.

Project-Based Companies Love Microsoft Dynamics SL

Since the recession, economic factors have created a host of new business challenges for project based businesses. Slower revenue growth, lower billing rates and smaller margins, fewer projects, shifting client expectations – these are the topics being discussed by many executives running creative agencies, construction firms, auditing and accounting firms.  One thing we try to stress to our clients: if your business is going to survive the tough times when others fail, you must start with monitoring key performance indicators (KPIs) and leveraging the knowledge gleaned from your business data.

Which KPIs are important for your business planning?  Here’s a short list:

  • Billable resource utilization and schedules.  If you have multiple offices, you should be tracking this across all your locations.
  • Revenue and profit margin. This should be tracked at the project level so you can determine the profitability of each project.
  • Lifetime value and profitability of each client.Microsoft Dynamics SL for Project Centric Businesses
  • Forecast and pipeline.
  • Project close rates and project portfolio risk.
  • Project history and progress.
  • Outstanding client issues.

The problem for many companies is that they have no way to gather and collate the required information.  Where data is stored in silos, or systems are poorly designed or do not communicate with other systems, getting meaningful data can be difficult or even impossible.  Trying to import/export and manually manipulate data is a route many small businesses tend to take, but then you have human error to add to the list of potential problems.  Even if you manage to consolidate all our business data, how can you trust that it’s correct?

Many project-based companies we work with are still using old legacy systems, some very heavily customized for their specific need, and are now scrambling to make these systems work with newer technologies.  In this economic climate, it is more critical than even to be able to effectively manage resource scheduling, materials purchasing, billing and customer service, and all the related activities required to run your project-based business.  Microsoft Dynamics SL is a single tool that offers job costing, materials management, service call tracking, billing and receivables – the real-time information for making informed business decisions. Using MS Dynamics SL can help lower operating costs, reduce production delays, and maximize customer service by streamlining your project and financial management processes.

MS Dynamics SL allows for sharing centralized information between all the players: project managers, designers, architects, engineers, subcontractors, accounting and purchasing department. Business owners can provide specific KPIs that can be accessed at any time by the different players, depending on their role. MS Dynamics SL is also a robust financial analysis tool, and because it looks and works similarly to Microsoft Office, it is relatively quick to train staff on how to use it.

Accountnet is a Microsoft Gold Certified Partners and expert in the implementation of Microsoft Dynamics.  If you are a project-based business that needs help with consolidating and reporting on business operations, contact us.

How to Buy a Business Solution from Microsoft for Your Organization

Customers do not purchase Microsoft Dynamics business solutions directly from Microsoft. Rather, they purchase from a world-class network of partners who provide planning, implementation, customization, support and services.

Costs typically depend on:
Product capabilities you choose to deploy. Microsoft Dynamics GP is available under the Business Ready Licensing program, which allows you to choose from two levels of functionality:
Microsoft Dynamics Business Essentials provides core financial management.
Microsoft Dynamics Advanced Management offers more advanced functionality. You can also purchase additional add-on components.
Number and specific roles of people who will use the solution. You have options for full access to all functionality or for limited access, depending on a user’s role.
Service and training that you require on an ongoing basis.
Software deployment method, for example, on-premises or hosted deployment.

Get up and running fast with SL
Moving to a new business management system might seem overwhelming, but Microsoft Dynamics SL simplifies the process with a solution that is designed to get you up and running quickly—without expensive development or increased manpower.
Microsoft Dynamics GP is highly scalable and compatible with the technology you already use so that it delivers long-term value without high costs down the road.
Microsoft’s commitment to innovation means you are investing in a business platform that will always keep you on the forefront of what’s ahead.

Service plans
You can maximize the value of your investment in Microsoft Dynamics with a service plan. It allows you to upgrade to newer versions of the applications whenever they become available, as well as receive updates and tax and regulatory releases. You can have access to comprehensive online support and services, assisted support, unlimited online training, technical documentation, and much more.

Learn more about services and support plans for a Business solution from Microsoft
Contact Accountnet, in Metro New York, for a free ERP assessment to review and to help plan for 2013. Assessments are first come first serve. For more information or to attend an event near your office contact Accountnet, your Microsoft Gold Certified Partner Our temporary number is (917) 463-4850, since the main lines have not yet restored.