Microsoft Dynamics SL for Accounting enhancements have wide-spread impact, affecting the way you work with your customers and providing greater project management efficiencies to your staff. This Dynamics SL Accounting enhancement reflects the growing needs of project-based companies. Microsoft Dynamics SL can make accounting easier and more efficient for your business.
Microsoft Dynamics SL Accounting Key Features
1. Multi-Company Processing
Project processes has Allocations and Indirect Rate Calculator and project reports have been enhanced for customers operating across more than one company. Reports and Processes that were dependent on the current company, no longer have this limitation. With multi-company upgrades, they can run for any company from just one login.
2. Multi-Currency Project Base Currency
The multi-currency features in the Project series have been updated. Presently both the Company base currency and the Project currency are stored for project transactions. In situations where the project currency differs from the company base currency, project transactions, including subcontractor costs and billings will be tracked in both currencies.
3. Accounts Payable
Calculations and creation of the Vendor backup with holdings, currently a manual process, can now be processed automatically at the time of payment selection. Vendors are flagged for 1099 non-compliance. The end result is that any Payables batches containing a non-compliant vendor can automatically create a withholding batch.
4. Accounts Receivable
Many times the invoices are entered and not reviewed. This confirmation comes to light when invoices are printed and errors become apparent. Now using the Invoice Preview you can review each invoice prior to release individually or through a new Quick Query invoice preview screen.
As a Microsoft Certified Partner, Locus IT helps the companies get up and running with Microsoft Dynamics. Our team can help you decide which is the best financial software solution based on your business needs.
Also, we don’t just install and configure the software, we train your Dynamics SL Accounting staff to use it to create the reports they need, so they can analyze data as needed. Take further step towards growth with Microsoft Dynamics SL. Contact us at Locus IT to learn more.