Microsoft Dynamics GP/Microsoft Great Plains is a powerful corporate accounting software that can help businesses of all sizes manage their finances. In his book Corporate Accounting: Microsoft Dynamics GP/Microsoft Great Plains, Andrew Karasev provides readers with essential tips and advice to get the most out of this software. In this blog post, we’ll be exploring four of his top tips for better corporate accounting with Microsoft Dynamics GP/Microsoft Great Plains. These tips will help you gain greater visibility into your finances, streamline your accounting processes, and make sure your data is secure.
1) The Benefits of Using Microsoft Dynamics GP/Microsoft Great Plains
Microsoft Dynamics GP/Microsoft Great Plains is a powerful accounting software solution designed to make corporate accounting easier and more efficient. With features such as intuitive dashboards, multi-dimensional reporting, and integration with other Microsoft Office products, Dynamics GP makes it easy to manage large and complex financial operations. It provides real-time insight into financial performance and helps to streamline the accounting process. Additionally, the software is easily customizable to meet the needs of your business, so it can be tailored to fit your exact requirements.
2) Setting Up Your System for Success
When it comes to corporate accounting, setting up your system for success is key. Microsoft Dynamics GP/Microsoft Great Plains can help you do just that. When using this software, you’ll need to ensure that all of the settings are in place, so your data is properly accounted for. This includes creating proper chart of accounts, defining account categories and subcategories, setting up users with the correct permissions, and configuring payment terms. Once these steps have been completed, you’ll be able to begin recording and analyzing your financial data accurately and efficiently.
3) Managing Your Data
Keeping track of all the data related to corporate accounting can be a challenge, but Microsoft Dynamics GP/Microsoft Great Plains makes it easier. With its powerful suite of tools, you can keep your records accurate and organized. You can track financials, payroll, inventory, customer service, sales, and more. It also offers features that let you create custom reports to help you analyze and manage your data. By taking advantage of the system’s comprehensive features, you can stay on top of your business and make sure all of your data is accurate and up-to-date.
4) Getting the Most Out of Your Reports
Getting the most out of your reports is essential for staying on top of your corporate accounting with Microsoft Dynamics GP/Microsoft Great Plains. Reports allow you to quickly review your finances and make informed decisions about the future. There are a few things you can do to get the most out of your reports. First, make sure you customize the reports so that they are specific to your needs. This will make it easier to find the information you need quickly. You can also add filters and parameters to refine the data displayed on each report. Finally, use the data presented in the reports to inform strategic decisions that will ensure the success of your business.