How Can Microsoft Dynamics GP Provide More Control With Financial Reporting?

Dynamics GP

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If you’ve built your business on QuickBooks, you know it’s a great entry-level accounting solution. As your business flourishes, however, QuickBooks may not be able to keep up. There are signs you’ve hit your limits with your current systems and when those start to occur, its likely your future growth will be stifled until you step up to a more comprehensive business management solution.

As your business grows, your financial data becomes more complex to collect and analyze, your supply chain isn’t the fine-tuned machine it used to be, and the many workarounds you and your team have put in place are starting to make you worried you won’t be able to keep up. When manual data entry continues to rise, countless spreadsheets aren’t giving you the insight you need to make good decisions, and your people are reactive instead of proactive, it may be time to look to the future. When you find yourself using so many creative workarounds that managing your businesses seems more challenging and time consuming than it should be, it may be time to step up to a business management solution that is ready for the next stage of your growth. Comprehensive doesn’t have to mean complex.

Microsoft Dynamics GP is a complete, yet easy to use solution to help manage your entire business from financials, people, supply chain and customer relationship management, and it provides powerful business intelligence right from the start.

More and more people are stating things like “We were relying on QuickBooks for basic accounting, but we needed to address long-term goals of our growing business and knew we would need a more robust solution.” According to John Peace, COO of Accountnet “Microsoft Dynamics GP enables the reporting and currency tracking that was nonexistent, where you may have greater insight and control while having uniform data in place across the company.”

Thousands of customers have outgrown their entry-level accounting software and have turned to Microsoft Dynamics to support the next phase of their business. 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 GP. Contact us at Accountnet to learn more.

Better Business Planning Can Ease Growing Pains

There comes a point in a business’s early life when a corner is turned and tasks that were once manageable start to get out of hand.  When you’re company was young, it was probably simple to turn around projects with a small team. A contract would come in, a spec would be created, each member of the team would get handle their respective tasks and you’d deliver your final product or service to happy customers.

But as you start to scale up, your once seamless operations may start to erode. Team members may drop the ball as information is shuffled between departments or individuals. You can spend a lot of time putting out fires – time better spent thinking about whether the processes that once served you well are still adequate for your business.

One of the earliest processes any business puts in place is an accounting system, and one of the most popular tools that they use from the outset is QuickBooks.  For most startups, after one or two years of growth, QuickBooks features will not be robust enough.  Accountnet’s Anne-Claire McCallister wrote this piece for Accounting Today that describes some of the signs that you’re ready to move off a basic solution like QuickBooks and take the next step in scaling your business to accommodate growth.

A business solution like Microsoft Dynamics GP represents a significant opportunity for your business to meet its growth challenges and to increase its bottom line.  It’s simple to learn and easy to use, works with your existing technology and delivers real long term value.  If you’re interested in learning more, you can listen to this recorded webcast by Microsoft. It gives you some tools to evaluate whether ERP systems from Microsoft are a good fit for you, examining questions like:

  • is my business ready for an ERP system?
  • what are the top considerations in evaluating potential software and vendors?
  • what are the potential benefits my business can enjoy with an ERP solution?

Microsoft’s ERP solutions for small business provide the insight and tools you need to increase sales, simplify business operations, and keep your people productive. There’s never been a better time to buy, with affordable, low monthly payments, cloud-based deployment options, and a trusted network of reselling partners like Accountnet standing by to help you solve business challenges, such as:

  • Increasing sales and profitability with better business insight
  • Keeping up with demand without adding headcount
  • Managing multiple lines of business, currencies, or multi-site locations
  • Simplifying and securing processes to reduce data entry and risk
  • Scaling operations to support ongoing growth
  • Take time today to change your business for the better every day

Call us at (212) 244-9009, or contact us via our website, if you’d like a free phone consultation to discuss your business’s unique needs.

QuickBooks or Microsoft Accounting?

Small businesses looking for the right accounting software package often ask us why they should select Microsoft Dynamics GP (previously called Microsoft Great Plains) over QuickBooks.  While both products provide a good, basic platform for managing receivables, payables and payroll, QuickBooks is solely focused on accounting while Microsoft Dynamics GP is a whole business ERP solution that can be customized to meet the needs of your organization and scales up as your company grows.

Quick Books or Microsoft Accounting Software?QuickBooks has been a popular choice for individuals and small businesses alike and may have the advantage of name recognition that MS Dynamics GP doesn’t enjoy.  While it may be a good entry level solution, there comes a time when QuickBooks is no longer going to do the job.  Even QuickBooks Enterprise falls short when compared to Microsoft Dynamics GP, which is designed to bring together all of your departments’ data: HR, operations, supply chain and project management.

Some of our customers notice the limitations of QuickBooks straight away.  We’ve heard many of the following comments:

  • “We can’t confidently comply with regulations around securing and monitoring our financial data.”
  • “We experience unacceptable delays with QuickBooks menus, reports and navigation once we exceed a certain number of transactions.  We’ve had to sacrifice keeping historical data to improve performance.”
  • “Our license limits the number of users we can give access to the system. “

We work with many companies that have long since outgrown QuickBooks but were reluctant to upgrade to a more robust ERP system.  Price generally factors into the decision-making processes, but businesses need to consider the long-term value of a system that can accommodate the increasing complexity and growth of their organizations.

As your business grows, so does the need for enhanced reporting to both internal and external stakeholders, improved system performance, and better integration with your other software and systems.  MS Dynamics GP excels in these areas.  It’s easy to use, and operates just like software your organization is already familiar with: Microsoft Office Excel, Word, and Outlook.

If you think you may be among the many businesses that are outgrowing Quickbooks, contact us.  We can help you determine if Microsoft Dynamics GP is the right choice for your company.