Are you looking for a better way to analyze the cash in your organization? Then take a look at the Cash Flow features available in Microsoft Dynamics NAV 2017.The Cash Flow module in Dynamics NAV allows you to analyze your cash position, integrating data from the following sources:General Ledger account balances General Ledger budgets Receivables transactions Purchasing transactions Planned incomes and expensesThis illustration outlines the process:Within the Cash Flow modules, a cash flow chart of accounts is configured and mapped to your General Ledger chart of accounts, allowing the cash flow process to combine like accounts from the General Ledger.A second set of payment terms can be assigned to customers and … [Read more...] about How to Track Cash Flow in Dynamics NAV 2017
Gillette Children’s wins donation from Boyer
Boyer & Associates recently donated $200 to Gillette Children’s Hospital following a contest that featured three of our Midwest nonprofit clients.The contest took place at the Minnesota Council of Nonprofit’s Communications & Technology conference last month. The event featured more than 700 attendees and dozens of exhibitors at the Minneapolis Hyatt.At the MCN conference, Boyer & Associates asked attendees which nonprofit they would like to see receive a donation from us. They were encouraged to drop their vote in the bowl of their choice corresponding to one of the following three nonprofit organizations: Life Link III, Gillette Children’s Hospital or Hammer Residences.The race was tight, with each deserving organization … [Read more...] about Gillette Children’s wins donation from Boyer
Configure New Company in Dynamics 365 (Part 2)
Standard Assisted Setup Review — Additional Configurations Yesterday I showed you several standard configurations that are set up automatically when using the standard assisted setup tools to create a New Company in Dynamics 365 for Financials. Today's blog covers even more configurations that are set up automatically. Posting Groups Posting Groups are used by Dynamics 365 for Financials to help determine which G/L Accounts should be used for General Ledger Accounting when various transactions are Posted.As a simple example, consider recording a sale to a Customer. When you record a sale to a Customer, in many cases Dynamics 365 needs to know which G/L Account to use to record a receivable. The system determines this by looking at the … [Read more...] about Configure New Company in Dynamics 365 (Part 2)
Configure New Company in Dynamics 365
Standard Assisted Setup Review of Configurations In my last blog, Assisted Company Setup in Dynamics 365, I reviewed the prompts involved in creating a new Dynamics 365 for Financials Company using the standard assisted setup tools. This blog will outline some of the many configurations that are set up automatically. Chart of Accounts Dynamics 365 for Financials creates a standardized Chart of Accounts when using the standard assisted setups. This can save tons of time in getting Dynamics 365 for Financials up and running. Keep in mind that you can add and remove G/L Accounts as needed. Setup Pages Standard Companies in Dynamics 365 for Financials are created with numerous preconfigured setups. Again, this gets you up and running … [Read more...] about Configure New Company in Dynamics 365
New Features for Reports in SL 2015
If you’re still using Microsoft Dynamics SL 2011, you’re missing out on some great features available in SL 2015. Here are just a few of the features specifically in regards to reports:Reports can easily be emailed as attachments during print preview. Quick Query searches can be viewed on tablets and smartphones through web apps. With the Grid to Excel feature, Quick Query can export refreshable Excel files, which cuts down on the number of data exports needed since the user can simply refresh the same static table. More options are available for report formats (for advanced users) while at the same time, the program will automatically default to the company’s most commonly used report format (for beginning users). Descriptions … [Read more...] about New Features for Reports in SL 2015
Multi-Company Benefits of Dynamics SL
If your business operates more than one company in Microsoft Dynamics SL, an upgrade to 2015 is a must. As of 2017, tax updates will no longer be available for SL 2011. However, the 2015 version has some added features that will make it worth the effort of upgrading.SL 2015 allows the user to run processes for multiple companies with one login. No longer do you have to log out and change companies every time you want to do a new process or report.Along with this increased freedom comes the potential for security risks, but Microsoft has addressed those as well. Multi-company security measures restrict a user’s ability to view certain companies. If a user is not granted access to a particular company, he or she will not be able to see … [Read more...] about Multi-Company Benefits of Dynamics SL
Dynamics SL 2015 Financials Improve
Microsoft is proud of the fact that it accepts user suggestions on improving products, and rightly so. This willingness to accept constructive criticism means a better overall product that gives consumers what they want and need.Microsoft Dynamics SL 2015 is no different. The enhancements on the Financial module came directly from user suggestions. Here are just a few of the enhancements that were designed to make the software more user-friendly than previous versions:In Accounts Payable, creating Vendor backup withholdings can be done automatically. Vendors that are not 1099-compliant are flagged, and a Payables batch can automatically create a withholding. Users can also create multiple prepayments against a single voucher. Accounts … [Read more...] about Dynamics SL 2015 Financials Improve
Add a Three-Dimensional Chart in NAV
Last week's blog on Creating Advanced Charts in Dynamics NAV dealt with two-dimensional charts, but you can also add a third dimension. Select one Amount and one Dimension from the lower right as before. Then select another Dimension from the lower left-hand corner.Here we have a chart that shows Sales Order Amount by Salesperson and State:If you left click on the chart, you can move the chart's angle to change the view to your liking.If you want to print this chart or save it to imbed in a document, right click on the chart and the Print and Save Picture As options will appear. To save the chart in Dynamics NAV, select Customize.This brings you to the Generic Chart Customization where you can add an Axis Title and … [Read more...] about Add a Three-Dimensional Chart in NAV
Vendor Expenses in Dynamics 365
There are a couple of options for recording vendor expenses in Dynamics 365 for Financials: (1) use Journals or (2) use Purchase Invoices along with Service Items. That said, I think only the Purchase Journal method makes sense. I'll clarify why below. Option 1 — Use Journals This is by far my preferred method because it's simpler and requires less initial setup. The basic steps are as follows: (1) open the Purchase Journal, (2) set up your journal lines and (3) run the Post function. CRONUS US Example Basic Scenario: Record a $2,500 rent invoice payable to AR Day Property ManagementMore Scenario Info:Rent Expense GL Account = 60100 AR Day Property Management's Vendor = 20000 The AR Day Property Management Vendor is configured to … [Read more...] about Vendor Expenses in Dynamics 365
Top Features of Dynamics SL 2015
We know, we know. You don’t want to upgrade. Implementing Dynamics SL 2011 was no simple task, and you finally have the software working just the way you want it. Why would you change now?Well, for starters, as of 2017 tax updates are no longer being issued for any version of SL 2011. Considering the crucial role taxes play in finances and accounting, this news is probably reason enough to schedule an upgrade to SL 2015. Plus, if you're already paying a maintenance fee to Microsoft, you might as well take advantage of the product updates and stay current with the software.We understand your hesitation though. Upgrading to a new version of software is not always fun. It’s kind of like going to the dentist. You know you need to go, but … [Read more...] about Top Features of Dynamics SL 2015
