Microsoft recently announced key changes in Dynamics on-premises licensing and sales of the Dynamics GP product. The announcement states that after April 1, 2026, sales of Dynamics GP will be limited to existing customers. Existing customers can continue to purchase new licenses and modules, but there will be no new customer sales.Microsoft will continue to make enhancements to Dynamics GP and provide existing customers support through 2028 and beyond. While this brings about many questions for current GP users, rest assured that Boyer & Associates’ commitment is not changing our support of Dynamics GP and its users.Dynamics GP Support for 2028 and BeyondIn order to retain access to Microsoft support, it’s important to ensure that … [Read more...] about Microsoft announces end of new sales for Dynamics GP
Microsoft Dynamics GP year-end updates released
It’s that time once again. Like the seasons change, Microsoft Dynamics GP is ramping up for the new year by rolling out some new features in GP 2018 version 18.5 as well as updates for year-end 2022.Let’s start with the new version of Dynamics GP 2018 – 18.5, released in October: And now let’s look at the year-end update for 2022, released in November. The most notable changes are in the 1099 forms, as usual:Please note that if you print Payables forms in Dynamics GP, we recommend you install the update.Here are the details of all the 1099 form changes for 2022: 2022 payables management form changes. And here’s a summary of the 2022 year-end update release information: 2022 year-end update.We understand that keeping up with all … [Read more...] about Microsoft Dynamics GP year-end updates released
New feature in Dynamics GP lets you automatically post when workflow completes
Check out this new feature in Dynamics GPIf you’ve worked with batches in Microsoft Dynamics GP, you are likely familiar with the following scenario: You have entered your transactions in a batch. You have submitted your batch for approval. The batch has been approved. But now you must go back and find your batch to post it. That last step always seems a little inefficient since the batch has already been approved. Thankfully, Dynamics GP has added a new feature in GP 18.4 to bypass this inefficiency. You now have an option to automatically post Approved Workflows for the Payables Batches, General Ledger Batches, and Receivables Management Batches. When this new option is marked and a transaction is Finally Approved, it will … [Read more...] about New feature in Dynamics GP lets you automatically post when workflow completes
Comparing Dynamics GP and Dynamics 365 Business Central
Which ERP is right for you?No two ERPs are the same. While they might have similar capabilities and features, one will likely work better for your needs than another. Today we will take a look at two of Microsoft’s most popular financial software solutions, Microsoft Dynamics GP and Microsoft Dynamics 365 Business Central. We will see how they compare, and help you determine whether or not it makes sense to choose one over the other.GP on-premise compared to Business Central in the cloudFirst, Dynamics GP has long been touted as the “power horse” of Microsoft’s Dynamics ERP solutions. The versatile on-premise ERP debuted in the 1990s and is a popular choice especially in the United States. As the demand for cloud solutions grows, more … [Read more...] about Comparing Dynamics GP and Dynamics 365 Business Central
Microsoft Dynamics GP lifecycles and how not to get left behind
If reconciling, balancing and printing 1099’s isn’t enough to keep you busy through the year-end closing process in Microsoft Dynamics GP, add into that the annual year-end updates to keep the software current and your head starts spinning.When it was announced that Dynamics GP would continue to “2028 AND BEYOND,” GP users were all very excited that Dynamics GP was here to stay. This announcement brought with it big changes. The new version of GP 2018 (v18.2) signaled a new era of support called the Modern Lifecycle. It’s when GP users are working complete fiscal year-end closings that this change to the Dynamics GP lifecycle catches many customers off guard. Why? Well, perhaps the old saying “out with the old and in with the new,” … [Read more...] about Microsoft Dynamics GP lifecycles and how not to get left behind
Microsoft releases updated year-end tax forms for Dynamics GP
With the end of the year inevitably comes the potential for changes to year-end tax forms for Dynamics GP. Microsoft has officially released a list of expected changes for this year.There are several changes to the 2021 year-end forms related to Accounts Payable. Specifically, changes have been released for the following forms:Payables 1099 NEC (3-part form), 1099-MISC and 1099-DIV (major changes to this last form)Payables 1096Payroll 1099-RPlus, luxury auto depreciation changes in Fixed Assets There are no changes to Payroll W2 and no changes to electronic filing for W2s. Keep in mind that last year’s changes for coronavirus-related sick pay are still applicable.If you use any of the above forms in connection with your Dynamics GP … [Read more...] about Microsoft releases updated year-end tax forms for Dynamics GP
What’s new in Dynamics GP 18.4
Microsoft releases new GP features, 1099 updates and a promise for the futureMicrosoft Dynamics GP is even better with its latest release, available in October 2021. Dynamics GP 18.4 features a couple dozen minor bug fixes and several improvements based on top customer requests.While the new Dynamics GP features are a great addition, they pale in comparison to Microsoft’s July announcement of a new roadmap for the popular on-premise ERP solution. In case you missed this big news, Microsoft is officially committed to supporting Dynamics GP through 2028.Meanwhile, Dynamics GP 2016 fell off Microsoft’s mainstream support this summer. Anyone on this version or older still receives extended support, but hot fixes and year-end updates are not … [Read more...] about What’s new in Dynamics GP 18.4
GP lifecycle updated through 2028 ‘and beyond’
Microsoft Dynamics GP is — officially — not dead. Microsoft released an updated lifecycle in July, confirming Dynamic GP’s status as a viable solution through 2028 “and beyond.” The new lifecycle highlights the expected end-of-support dates for those versions of Dynamics GP that are on the Fixed Lifecycle policy. It also shows future versions on the Modern Policy with an ongoing arrow and those two key words “and beyond.” It appears there is a long life yet to come for the powerhouse on-premise ERP solution.This latest news lets GP users breathe a little easier after months, even years, of uncertainty over the product’s future.When Microsoft debuted its cloud ERP solution in 2018, the company made it clear that it planned to put the … [Read more...] about GP lifecycle updated through 2028 ‘and beyond’
Realized Currency Gains or Losses in Dynamics GP
In a previous post, we looked at the currency revaluation process in Microsoft Dynamics GP, which generates unrealized currency gains or losses. In this post we will look at a process that creates realized currency gains or losses in Dynamics GP.Realized currency gains or losses are calculated when an open foreign currency transaction is settled in the Receivables Management or Payables Management modules, and the exchange rate on the settlement date is different from the exchange rate from the date of the original transaction. The direction of the change in the exchange rate determines whether a gain or loss is calculated.Continuing the example from the previous post, we have a GP company with functional currency of U.S. Dollars … [Read more...] about Realized Currency Gains or Losses in Dynamics GP
Boyer team expands with new GP consultant
Darin Vialpando has joined Boyer & Associates as a Dynamics GP consultant and support technician. He has 13 years of experience in the industry and a passion for GP software.Vialpando got his first look at Microsoft Dynamics GP while working the IT help desk at Denver-based Pendum LLC in 2007. He offered support for field service technicians and assisted with GP support tickets.“I just like the software. For some reason it really intrigues me,” he said. “The things you can do with this piece of software amaze me because it’s not just an accounting platform.”A thirst for more knowledge about the GP software drove him to get involved with the local GPUG chapter meetings. He quickly learned that he was not alone in his love for GP. In … [Read more...] about Boyer team expands with new GP consultant
