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
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,” says it … [Read more...] about Microsoft Dynamics GP lifecycles and how not to get left behind
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
Should I Stay or Should I Go? Dynamics GP Remix
Are you curious how Dynamic GP’s latest lifecycle might impact your decision on whether or not to move to the cloud? Then this is the perfect webinar for you! This one-hour webinar will give you an inside look at the latest features of Dynamics GP and how it compares to its cloud counterpart, Dynamics 365 Business Central. Get the information you need to decide which direction is best for your company. We will cover: -What's new in Dynamics GP and why you might consider staying on the software. -The ability to connect your on-premise data to the cloud through Dynamics 365 Business Central — Microsoft’s cloud-based replacement option. See your Dynamics GP data in Business Central as if you’ve already made the move. -Business … [Read more...] about Should I Stay or Should I Go? Dynamics GP Remix
Microsoft releases Year-End Updates for Dynamics
The payroll tax update for Microsoft Dynamics GP and the cumulative year-end update for Microsoft Dynamics SL have officially been released. See below for details.Dynamics GP 2020 Year-End UpdateThe U.S. Payroll Tax Update for Dynamics GP is now available. This latest update includes 2021 federal tax changes, a new FICA Social Security Wage Limit of $142,800 and statewide changes in the following states: ArkansasIowaKentuckyMaineMinnesotaMississippiMissouriNorth DakotaSouth CarolinaUsers must be on a supported version (2016 or above) of Dynamics GP in order to install the latest tax update. To download the tax table update file, log into CustomerSource.If you have questions or need assistance applying the update, contact … [Read more...] about Microsoft releases Year-End Updates for Dynamics
Top Enhancements in Dynamics GP 18.3
It’s here! Microsoft Dynamics GP 18.3 officially released this month. As anticipated, the latest update has some very nice enhancements that will make working within the system that much easier and faster. In this latest update, the bulk of the enhancements fall under the Financials and System areas. Here are a few of our favorite highlights: Copy/Paste Purchasing Transactions The copy/paste feature in the General Ledger was such a big hit that they’re now introducing the same functionality for Purchasing transactions. You can now define purchase transactions and import them into the Payables transaction window with this feature. You can also choose whether or not to include distributions. For the copy/paste feature to work properly, the … [Read more...] about Top Enhancements in Dynamics GP 18.3
De-mystifying Currency Revaluation in GP
Multi-currency accounting can send shivers of fear and confusion through the spines of financial professionals (and some ERP consultants). In particular, the process of month-end currency revaluation can seem especially daunting. However, with the power of Microsoft Dynamics GP and the industry-leading knowledge and expertise of Boyer & Associates, currency revaluation can be a stress-free part of your month-end close process. Currency revaluation is the process in which Dynamics GP retranslates foreign currency month-end balances at the current month-end exchange rate. The difference between the previously translated month-end balance and the retranslated balance is a currency gain or loss on exchange, often recorded as an … [Read more...] about De-mystifying Currency Revaluation in GP
Reconcile Utilities in Dynamics GP
What They Are and What They Do Have you ever applied a credit memo in Dynamics GP but discovered that the amounts simply did not look right? Or perhaps your AP/AR aging amounts ended up in the wrong columns? These are common issues for users of Dynamics GP, and we’ve discovered that more often than not, running a Reconcile feature within the Utilities toolbox of Dynamics GP can help you quickly pinpoint and fix the problem. Most of the modules in Dynamics GP have reconcile functionality available to help you make sure amounts are summarized correctly. Read on to find out what the reconcile feature is and what options are available within each module. Reconcile in Financial Module But First: The Financial module’s reconcile feature does not … [Read more...] about Reconcile Utilities in Dynamics GP
New release of Dynamics GP slated for October
A new version of Microsoft Dynamics GP is coming soon — and it promises to have several new features that customers have specifically requested. According to our friends in Fargo, N.D., the latest version will be available Oct. 1. New with this release, the product's name will be simply "Microsoft Dynamics GP" (no date). Here are just a few of the new features we can expect to see: Long description for a Payables TRX Entry printing on checks Document Attach availability in Bank Reconciliation New look to the User Access setup window — plus four new workflows on User Setup Display the user who posted a Journal Entry in the Journal Entry Inquiry window Add a Class ID to a Fixed Asset transfer Get a visual cue for EFT Vendor in … [Read more...] about New release of Dynamics GP slated for October
