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Migrating from Dynamics GP to D365 Business Central
So you want to take your business to the cloud. Dynamics GP has been great. It’s comfortable, it’s widely used and supported across North America, but let’s face it…it could use some updates to take advantage of newer technologies offered by other systems. Moving to a more modern platform can provide many advantages to an organization. However, migrating from an on-premise to cloud deployment can be a large undertaking and the advantages offered may also come with a cost - Dynamics 365 Business Central (BC) is no exception. Throughout this article, we aim to highlight topics that should be considered when contemplating a migration from Dynamics GP to Dynamics 365 Business Central. Start by taking a look at the advantages of migrating. Advantages • Improved Platform/User Experience – Dynamics 365 Business Central offers a more modern look and feel which allows users to take advantage of enhanced dashboards and other […]
Dynamics 365 Business Central – Reporting with Dimensions
Using global and shortcut dimensions in Dynamics 365 Business Central provides much flexibility for reporting options. One limitation, which isn’t much of a limitation, is that you can only filter on up to four dimensions. However, building the report to use up to four dimensions takes a few steps in order to properly report on dimensions (other than Global 1 and Global 2). By default, you can create an account schedule using the Global 1 and the Global 2 dimensions but not on shortcut dimensions. Here are the steps to report on shortcut dimensions: Create an Analysis by Dimension View Update the Analysis by Dimension View Assign the Analysis View to a Column Layout on an Account Schedule Personalize and Design the Column Layout Window to Add Filtering Options Print the Report Sounds simple enough! And it is, but there are a few things to keep in mind. Plus, if […]
5 Signs You Need an Upgrade from QuickBooks to ERP
Think back to when you first decided to use QuickBooks. At the time, it seemed like a simple and easy-to-use accounting system that suited your business needs. You weren’t alone in that decision. QuickBooks, without a doubt, is considered one of the most beloved options for many users around the world. Many small to mid-sized organizations find that QuickBooks is straightforward and, most of all, affordable for their business scale. Your decision, however, was likely made before your business started growing and your accounting department started experiencing the limitations of QuickBooks. It turns out that for many businesses, QuickBooks eventually becomes too simple and frustratingly rigid, which can be costly in the end. If you start wondering if QuickBooks is still the right option for your organization, it is a sign that your business is expanding and is outgrowing QuickBooks. Cheers to that! So, what’s your next step? You need […]
Using Your ERP to Accelerate Decision Making
With the constantly evolving business world comes a constantly evolving series of challenges for manufacturing companies. Speed to market stresses every aspect of the organization. From sales to customer satisfaction, modern manufacturers need a proven solution that can set your business up for quick decision making, success, and growth. In this recorded training session, you will learn how NetSuite can help manufacturers overcome the most common challenges and transform your business for long-term success in 3 steps: How you can increase profitability How to overcome manufacturing challenges How to accelerate decision making ERP to Accelerate Decision Making On-Demand Webinar Information: Part 1: Fast. Global. Insights. Using NetSuite to Increase Manufacturing Efficiency with Paul Clayton, VP of Consulting Services at FMT Consultants Part 2: Drive More Profit From Your Inventory with Russ Graf, VP of Sales at NetStock Part […]
Reconciling Inventory to the GL in Dynamics GP
There are multiple ways to reconcile sub-ledgers to the GL in Dynamics GP, the Reconcile to GL routine being one of my favorite, but there can be times when you’re still stumped wondering what happened? I had a client recently face this situation. They ticked and tied every transaction to the GL, but their Inventory still did not balance to the GL. In the end, it all came down to a sales return transaction. The quantity being returned went into the Returned bucket instead of On Hand. When the inventory is put into the Returned quantity field, it changes the distributions for the transaction and puts the distribution type as “RETURNS” instead of “INV” if it were put back in inventory. If you’re using the Inventory Historical Stock Status report in an attempt to reconcile, the quantity returned will not hit this report. To fix it, an inventory transfer needs […]
The Importance of a Good Unit of Measure Schedule in Dynamics GP
When configuring inventoried items in Microsoft Dynamics GP, we need a clear understanding of the types of transactions which occur against inventoried items. You purchase items, sell items, transfer items between sites and bins, consume items during production, and produce items. That is A LOT of transactions. But…if you think about it, you probably already enter these transactions using Microsoft Dynamics GP. So why not let Dynamics GP track your inventory for you? Okay, so this is a great idea, right?! But where do you start? Obviously you need to know what items are considered inventoried items and you need to know where your items are located. However, just as important is your unit of measure schedule! We just looked at six transaction types which may occur against an item, but each inventory transaction can occur in different units of measure. You may purchase a box of 50 units but […]
Unit of Measures Design with Item Configuration Equals Inventory Accuracy
In the Importance of a Good Unit of Measure Schedule blog, we walked through the importance of unit of measure schedules and how to design a unit of measure schedule. Using a well-designed unit of measure schedule and proper configuration of inventoried items in Dynamics GP, enables your system to accurately track inventory balances. An item card in Dynamics GP maintains a multitude of information about an item such as default accounts, tracking options, valuation methods, engineering data, and much more. In this blog we will focus on the setup of a item card with relation to default purchasing and selling units of measure. To configure these default units of measure, there are four windows that you need to access – yes, you heard right, four windows! But…you want accurate inventory balances, correct? Let’s take a look at the four windows we will review: Item Maintenance Window: Defines the Unit of Measure […]
D365 Business Central will be a Leading Cloud ERP Software Sales in Mid-Tier Market for Many Years, and Microsoft hasn’t even told you that yet!
I’ve been a part of the Microsoft ERP community for over 20 years and the title of my blog is a pretty remarkable statement. Why? Microsoft has made some pretty remarkable decisions in the past year to make this happen! You have to go back in time to 2001 and 2002 when Microsoft acquired both Dynamics GP and Dynamics NAV (back then known as Great Plains and Navision) which made Microsoft mid-market ERP leaders in both North America and Europe with these acquisitions. However, both Dynamics GP and Dynamics NAV are on-premise products and if this term is ‘computer geek-speak’ to you, here’s what this means: Running on-premise software applications means you need a dedicated server to run the database for the ERP software and then the user needs to have the application or client installed on the user’s workstation to run the software. Now there are variants to running […]
SMB TechFest Spotlight - FMT Consultants
Technology choices matter. Applying new technology tools, or revising existing ones, requires a significant effort and sustained commitment to transformation. All, while continuing to run a business at top speed. Whether you work in operations, finance, IT… or all of those (and more), creating lasting value takes real work from people committed to building better business solutions one business at a time, every time. In this discussion between Eric Casazza, CEO at FMT Consultants, and Dave Siebert of SMB TechFest, we discuss advanced supply chain solutions ranging from Enterprise Resource Planning (ERP), to Demand Planning, to Warehouse Management Systems (WMS). It’s not just about financial management software. New technology investments can pay real dividends in operational efficiencies, advanced manufacturing capabilities, and stronger distribution networks. At FMT we have decades of experience working side-by-side with businesses looking to take the next step (or giant leap) forward using the right […]
2018 Sales Tax Changes
2017 was a big year for sales and use tax, and 2018 promises to be even bigger. States will likely continue to creatively redefine physical presence nexus, impose use tax reporting requirements, and tax third-party (marketplace) sales. They’ll almost certainly have to adjust their sales tax laws if Congress succeeds in enacting federal tax reform. And 2018 could be the year the Supreme Court of the United States reconsiders Quill Corp. v. North Dakota, 504 U.S. 298 (1992), the seminal ruling that prohibits states from taxing remote businesses without an in-state presence. While we can’t tell the future, we can anticipate some of the trends sales and use tax will see in 2018. Read on to learn more. State efforts to tax marketplace sales Collect tax or comply with use tax reporting Although Amazon now collects tax in all states with a sales tax, it only does so on its […]
[Video] 5 Ways to Beat Finance Season
It’s the end of the year, and the busiest season for finance teams. You’re busy. Too busy. There’s so much to do and not enough time. There’s just not enough of you to go around. How can you possibly get it all done and avoid the year-end crunch? Watch this free webinar to see how Concur can help you: Survive the year-end crunch Learn how your company can reduce frustration and expense hassles through automation. Save time and money Make your business run better by booking travel, submitting expenses and invoices with Concur’s integrated cloud solution. Be the office hero Use actionable insights to control spend before it happens. De-stress with us and learn how to control spending – wherever and whenever it happens – with a simple, powerful expense-management solution.
Tips to avoid year-end expense management disaster
Regardless of the size of your business we all know closing the fiscal year is a challenging expense management task. Every department, from finance to accounting, is pushing hard to wrap up reports and prepare for the holidays. But here’s the deal: streamlining your expense management, creating a best practice process and using automation to increase visibility you can give your finance team the data they need to succeed. In this blog post, we show you how to accomplish that. How to create a best practice expense management process? When asked, most business would say their expense process is solid. But if you dig into it you can find a lot of struggles such as: • having a hard time accounting for employee’s expenses • swimming into a pool of receipts • unresolved discussions between the accountant and the receipt submitting employee for more information • undocumented expenses that can […]