With Microsoft Dynamics today, you can enable Financial reporting and Data sourcing with the right tools.

 

Microsoft Dynamics

Dynamics GP is a complete solution for businesses of today.

Dynamics GP helps you gain control over your primary business drivers. From financials to reporting and E-Banking, Dynamics brings people and systems together to support your business ambitions.

 

Dynamics GP or Dynamics SL can provide you the power to choose how you want to utilize cloud technologies.

You can deploy in the Microsoft cloud on Microsoft Azure in either a public or private setting. If you aren’t ready to fully go to the cloud you can do a hybrid. This flexibility gives you choices now and into the future. Azure gives you the flexibility and enterprise-class security, reliability and scalability. Whether you are considering purchasing any Dynamics Products with new functionality, this guide provides an overview of the product modules available grouped by the function.

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Three Considerations When Selecting Financial Reporting Tools for MS Dynamics GP

BizNet Financial Reporting ToolsWhile many businesses using Microsoft Dynamics GP rely on the built-in report writer (or the Microsoft Dynamics Management Reporter product), there a number of third-party financial reporting tools available that let finance departments create customized templates that can be used to craft and deliver critical reports. Management needs data to understand the state of the company and make informed decisions to move the business forward.

There are several things to consider when searching for a report writer to work with Dynamics GP: what data source access options are available?  Is a web-based or mobile platform available?  How easy is will it be for your users to learn? A good reporting tool is essential for any business that wants to grow into a mature, competitive organization.  Understanding the different features and options will make it easier to choose one that’s right for your company.

Data access is a one important factor to consider. Does the reporting tool pull data from a data warehouse or proprietary source, or does it run reports live from Dynamics GP for real-time analysis?  A live integration mean that data doesn’t need to be replicated to a separate database (an additional expense), but depending on how many users are running queries performance might be affected. Management Reporter, Solver’s BI360 and BizNet all offer live integrations to Dynamics GP.

Consider Excel-based report writers.  Some software vendors argue that Excel is unsecure, and is generally too much trouble when it comes to linking and maintaining spreadsheets.  But many financial types have been using Excel since their very first job; Excel’s infrastructure and formulas are rooted deeply within the financial world. Excel-based report writers are also add-ons with enhancements that allow for greater collaboration, security and financial functions.  BI360 and BizNet both offer Excel add-ons that are easy for employees to learn.

Does your operation need a mobile solution? If your company does business around the globe (or even around the clock) you may want to select a product with web-based reporting modules.  Mobile reporting will continue to improve as Business Intelligence software manufacturers race to provide these products.  Web-based reporting is paving the way for mobile as more workers use smartphones to access office applications and providers that already have a web component are likely to be the leaders in the mobile revolution for accounting

If you need help selecting and implementing the right BI tools for your organization, contact us at AccountNet.  Call us at (212) 244-9009, or via our website, if you’d like a free phone consultation to discuss your business’s unique reporting needs

Five Components of a Good Internal Control System for Small to Medium Businesses

When we talk about “internal controls” in business, we’re talking about the systematic measures put in place in order to conduct operations in an orderly and efficient manner. Internal controls act to safeguard a company’s assets and resources, ensure the accuracy and completeness of its accounting data, detect errors, fraud, and theft and produce reliable and timely financial and management information.

UntitledSmall businesses sometimes neglect internal controls, if they think about internal controls at all. But internal controls for smaller entities can be put in place, though they are more likely to be informal and carried out by one or a handful of people.  However, a few managers enforcing control procedures in a top-down fashion can produce a good internal control system for a small company.

Here are five components of a good internal control system for smaller entities:

1)      The managers at the top should be committed to performing key internal control procedures diligently.  It’s management’s character that shapes the control environment (especially in a smaller company).

2)      Management should be performing daily walk-arounds, collecting feedback on the effectiveness of the company’s accounting and operational systems.

3)      One or more governance committees might be created and given “hands-on” oversight involvement in the business’s activities.  Committee members can be tasked with monthly, entity-level control duties, for example, reviewing and approving supporting documentation against checks written.

4)     Management personnel should communicate internal controls through frequent interaction with the accounting staff.  The performance of basic activity-level controls (such as determining that all orders have been shipped and billed, that invoices are initiated only after shipments are made and that bank accounts are reconciled), should be documented for periodic inspection by management.

5)      An ERP system that limits risks of errors or fraud can produce better and more accurate financial reports.  Standardized reporting formats, password and processing controls should be included in accounting software.

At Accountnet, we work with our clients to involve them in the design, implementation, operation, evaluation, and improvement of their internal control systems. We provide “Good Practice Guidance” (GPG) to ensure that a business’s professional accounting and reporting can be used to improve its internal controls.

Download the Microsoft Management Reporter 2012 FactSheet (PDF).

Accountnet, Inc. Named a Top 100 VAR for 2013

Top 100 Logo (3)

 

Accountnet, Inc. has been named a Top 100 VAR for 2013 by Bob Scott’s Insights. The Top 100 are chosen from organizations specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software. The selection is based on annual revenue generated by each reseller. A special report that includes names of the organizations selected for this year’s Top 100 list, ranked by revenue, is downloadable at http://www.bobscottsinsights.com.

 

“We want to congratulate this year’s class of Bob Scott’s Top 100 VARs,” said Bob Scott, executive editor of Bob Scott’s Insights. Bob has covered this market for 22 years through print and electronic publications, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time, and has continued to address that market as executive editor of the Progressive Accountant since 2009. He has been informing and entertaining the mid-market financial software community via his email newsletters for 14 years, and has published this information via the Bob Scott’s Insights newsletter and website since 2009.

 

Acccountnet, Inc. reached the Top 100 by building customer relationships and customizing software solutions to meet the needs of  each client. To quote COO John C. Peace, “We have always stressed a consultative approach versus a ‘quick sales’ approach for existing customers as well as new clients. Instead of pushing a hard-sell approach, we get to know prospects and customers first so we can map out a solution customized to each business. The sales process takes longer, but we believe in the long run it leads to more relationships, mutual satisfaction between our firm and our clients, and trust.”

 

 

 

 

Still Using Excel for Currency Consolidations and Financial Reports?

At a hedge fund event here in NYC last week, we spoke to a CPA and found that she is still doing financial reporting and currency tracking in Excel.  While this isn’t currently illegal, it is frowned upon by auditors.  With the globalization of the world’s economy, many companies are venturing into international markets, which may be great for your business but can be extremely challenging for your finance department. They have to worry about foreign currency markets, deciding on daily versus monthly exchange rates, selecting a reliable source for exchange rates, figuring out which GL accounts should revalue, which shouldn’t revalue, etc. This can make it tough to perform monthly consolidations, much less ensure their 100% accuracy.

Dynamics GP | Microsoft Management ReporterMost companies start by doing all their foreign currency translation calculations offline in Excel. Some look up the exchange rates manually, figure out what the monthly average rate should be for their P&L, then calculate the CTA adjustment. The problem here is that now you have financial data outside your financial system.  Actually, there are other problems with using Excel for financial reporting:

  • Spreadsheets are desktop-based and individual-centric;
  • Manual data entry, and the fact that the formulas used for calculations are set-up by the spreadsheet author, can lead to deliberate or accidental data manipulation;
  • Excel has no auditing controls for SOX or Basel II regulatory compliance;
  • Excel has no easy way to drill down to underlying data; and
  • There is no mechanism for scheduling refreshes or automating actions based on a triggering condition.

Microsoft Management Reporter works in conjunction with the currency enhancements in Microsoft Dynamics® GP, giving you the ability to create financial statements in a specific reporting currency.  With Management Reporter, you can create boardroom-quality reports without IT assistance, get updated instance documents by simply changing a date, and take advantage of secure report distribution and storage through the centralized Report Library.

Management Reporter integrates with the general ledger (GL) in your Microsoft Dynamics GP or any Dynamics ERP solution, so there is no need to create a custom connection to your primary data source. Gain native support for 64-bit operating systems and enhanced globalization capabilities; easily scale data volume and number of users with the robust back-end architecture of Microsoft SQL Server; and realize support for multiple languages and language characters.

If you think you may be among the many businesses that need help navigate the new global economy, contact us.   We are experts in the implementation of Microsoft Dynamics GP, and because it comes with all the modules you’ll need to, it is the obvious choice for your financial reporting and broader business management needs.

 

A Business Solution from Microsoft—Helps You Work Better, Faster, and Smarter

Here are the “Top Reasons to Purchase a Business Solution from Microsoft”.  Last week, we kicked off the release of GP 2013  and the new look and feel of how complete Microsoft business solutions go beyond what stand-alone ERP or accounting software can do. Just a reminder, over the next month we will be providing an overview of why Microsoft Dynamics is a great choice to help you gain greater insight into your business. Organizations can now see how GP 2013 , can provide people with new options for analyzing information in formats built on Microsoft SQL Server.

Top Reasons to Purchase a Business Solution from Microsoft:
·    It’s More Than Just ERP
·    Helps You Work Better, Faster, and Smarter
·    Looks Forward, Not Backward
·    Gets You Up and Running in Days, Not Weeks
·    Works the Way You Do
·    Transforms the Way You Work and Connect
·    Drives and Supports Your Business Growth
·    Provides a Flexible Deployment Model
·    Reduces Your Risk and Propels Your Business

Help You Work Better, Faster, and Smarter
When you think about the most successful businesses today, you’ll realize they all have something in common: passionate employees who are engaged, committed to their company’s success, and working at their maximum potential.

Microsoft Dynamics is an innovative, flexible, end-to-end solution that helps makes your people more proactive and productive by giving them personalized, agile tools based on the familiar, interoperable Microsoft technologies that they work with every day.

The solution also features a RoleTailored user interface, designed to help your employees uncover the information and tasks relevant to their specific job functions, right on their home page. This interface maps tasks to key roles in your business, so your employees can take advantage of a tool that matches their preferences and work styles. As a result, they can work smarter, faster, and more efficiently than ever.

Microsoft Dynamics has established a track record by meeting the needs of more than 350,000 customers and 5 million users worldwide. We’ve been serving small and midsize businesses, winning customer references across many industries including finance , healthcare, public sector, services, and more. In addition, users work  all over the world and can decide on deployment in the Cloud or on Premise. Accountnet, as a Gold Certified Partner gives you access to deep technical and industry expertise to help you address your specific needs.

Take the Next Steps to Learn More
Visit us at our www.accountnet.com to learn more about Microsoft Dynamics ERP for small and midsize businesses, chat with a representative, take a product tour or come to Microsoft in Midtown on January 31, 2013.  Call 212.244-9009. Best wishes in 2013.

Microsoft Dynamics GP 2013- A Business Solution from Microsoft

As part of Microsoft’s unprecedented period of product launches in 2012,  Microsoft Corp. today announced that significant updates  to Microsoft Dynamics business solutions are available in December, delivering new capabilities and value to help customers transform their businesses.

Microsoft Dynamics GP 2013, expected to be available Dec. 19, introduces significant new features and capabilities designed to help small and midsize businesses (SMBs) grow their businesses with powerful business solutions that are quick to implement and simple to use. This release introduces an innovative new Web client, more than 125 feature enhancements, streamlined management and rich interoperability with other Microsoft technologies such as Microsoft Office 365.

Key enhancement areas for the new release include the following:

• Choice in how the product is deployed, as well as how people access and use it. Customers can access Microsoft Dynamics GP through a rich client and an innovative new Web client so they can get to the information they need when they need it and on the device of their choice. Improved “hostability” features include a new hosting management console for cloud deployments to streamline deploying and managing Microsoft Dynamics GP in the cloud.

• Faster, lower-risk deployment with new RapidStart tools that can significantly reduce the time and effort required to configure Microsoft Dynamics GP for each customer’s specific needs.

• Improved productivity through enhanced ease of use throughout the product, as well as deeper interoperability with Microsoft Office, Office 365 and other Microsoft technologies.

Microsoft Dynamics GP 2013 is a business management solution that provides growing and midsize organizations with complete and scalable financial and operational functionality. Several development tools are available that can be used to customize and create integrations for Microsoft Dynamics GP. The advances in business intelligence, reporting and user experience made in Microsoft Dynamics GP 2013 on a course to be more competitive and accomplish its business goals.

Additionally, with Introduction to the new Management Reporter web viewer — Management Reporter we can  view a personalized financial report using a web browser without installing any applications. The report can be opened from an intranet site, a SharePoint document library or a network share.

Call today to receive a complimentary ERP evaluation.  An Extended Relationship Analysis (ERA) are first come, first serve and are enabled to discuss a new Business Solution from Microsoft..

For more information or to attend an Product Show at the nearest Microsoft office,  contact Accountnet, your local Microsoft Gold Certified Partner. www.accountnet.com.

212.Dynamics or 212.244-9009

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 www.accountnet.com Our temporary number is (917) 463-4850, since the main lines have not yet restored.

How Microsoft Dynamics can meet the needs of your industry

Are you outgrowing your current accounting solution or struggling with legacy systems that make it difficult to seize new opportunities?  Microsoft Dynamics GP offers a line of business solutions for small and midsize organizations that provide you with greater control over and visibility into your entire organization.

Simple to learn and use, Microsoft Dynamics ERP business solutions work with the technology systems you already have and deliver long-term value without a complex and costly implementation.

Gain visibility and insight into how your organization is performing – and know that your system will help drive the decision-making processes, enabling your people to be more proactive and productive.

Get up and running fast
Moving to a new business management system might seem overwhelming, but Microsoft Dynamics GP simplifies the process with a solution that is designed to get you up and running quickly – without expensive development or increased manpower.

Deploy on-premises or with a-hosted cloud solutions that require low upfront investment.

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.

  • Go beyond basic accounting with improved financials and operations.
  • Deploy out-of-the-box functionality, without costly set-up costs.
  • Feel confident with less impact to your payroll and IT budgets.
  • Meet specific vertical industry needs with an Industry award partner.

Microsoft Dynamics GP delivers a long-term return on investment through consistent product releases and rich integration with Microsoft technology innovations.  You can run your business knowing that you’re backed by a Microsoft commitment to a 10-year support life cycle for each major release, as well as a rich Business Ready Enhancement Plan that includes unlimited online training, access to self-service support, and more.

For more information or to attend an event near your office contact Accountnet, your Microsoft Gold Certified Partner.  www.accountnet.com.

Contact Accountnet to join our Product Show on September 20th at the Microsoft NYC Customer Briefing Center.

http://www.accountnet.com/event-registration

212.Dynamics or 212-244-9009

How to rely on Microsoft Dynamics within your organization

Microsoft Dynamics GP is a comprehensive ERP solution that goes beyond basic business management and reporting to help your people – and your organization – work at peak performance.  Designed for rapid implementation and ease of use, Microsoft Dynamics GP gives all your people fast, familiar ways to access and work with business information and processes, and it delivers ongoing innovation that can work for you now and into the future.

Give people a solution they’ll want to use
Success starts when people actually take full advantage of your business systems.  Designated to work like and with Microsoft Office Word, Microsoft Office Excel, and Microsoft Office Outlook, Microsoft Dynamics GP helps reduce training time and costs.  People can focus on their responsibilities, rather than on chasing information and juggling applications, with Role Tailored home pages and graphical dashboards that deliver personalized access to information.  And they’ll keep critical tasks on track and ensure consistent processes with automated notifications and alerts.

Beyond basic reporting
Today’s organization’s simply expect real-time access to decision-driving information and reports.  With Microsoft Dynamics GP, you can go well beyond basic reporting and use familiar tools and formats to make decisions that can take your business further, faster.  Transform sales strategies with advanced analytics such as predictive modeling and shopping basket analysis.  Stay current with refreshable Office Excel reports that include multiple data sources.  Turn unwieldy volumes of data into relevant information that can be shared across your organization through SQL Server Analysis Services.  And that’s just a glimpse.

Extend insight across your entire organization
No two businesses are alike – and industry specific needs vary widely.  With Microsoft Dynamics GP, you can quickly add new capabilities using built-in personalization tools:  Create specialized views and new windows, automate tasks specific to your business, and even build light applications.

Open the flow of information to people – you won’t need a full user license or need to log on to Microsoft Dynamics GP.  And now Accountnet is more than your best choice, too.  As a Gold certified partner, we give you the customized software and the personalized service you deserve.

Contact Accountnet to join our Product Show on September 20th at the Microsoft NYC Customer Briefing Center.  Get the software your organization deserves.

http://www.accountnet.com/event-registration

212.Dynamics or 212-244-9009