Polaris Business Solutions

Choosing the right ERP: Getting started

How to Choose the Right ERP

When it comes to choosing software that is going to completely change the way you run your business, you have to know what your business needs. You also have to know the budget for changing to new software and decide whether you want something that can be accessed from the cloud, anywhere, or on a local server that connects to your computer. Just these few questions can make the process seem very daunting.

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Acumatica 2022 R1 New Feature: Improvements to Project Quoting

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In the new release of Acumatica 2022 R1, the system has enhanced the project quoting functionality. The steps to create a project quote have been minimized and users now have the availability to create quotes for multiple related customers. The Projects Quotes (PM304500) screen has been enhanced for a better experience.

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What is Lease Accounting Software? | LeaseQuery

LeaseQueryDemo SCSH

Lease accounting is the process by which businesses record the financial impact of agreements to rent or finance the rights to use specific assets, also known as leasing. The reporting standards for lease accounting are maintained by the Financial Accounting Standards Board (FASB) in the United States, the International Accounting Standards Board (IASB) internationally, and the Governmental Accounting Standards Board (GASB) for state and local entities in the United States.

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Acumatica 2022 R1 Feature Review: Pro Forma Invoices

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Acumatica 2022 R1 has been released and there are several new features to highlight for each edition of the project. To continue with the projects/construction edition, there are a few changes to note about the Pro Forma Invoices Form (PM307000). See the below screenshot and notes with information regarding the changes.

On this form, there are several new columns that have been added. Each of these columns are pulling data in from the Related Revenue Budget Line of the project on the Revenue Budget tab of the Projects Form (PM301000).

· Revised Budget Quantity: revised budget quantity of the line
· Actual Quantity: actual quantity of the line
· Previously Invoiced Quantity: the running total of the Quantity to Invoice column on this tab
· Quantity to Invoice: billing quantity
· UOM: Unit of measure for the project
· Unit Price: Unit price
· Progress Billing Base: Basis of project billing

Acumatica 2022 R1 New Feature for Projects and Construction

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Changes to the Projects Form

In previous versions of Acumatica, projects billed by progress could only be billed in the revenue that was in the budget lines. With the newest release of Acumatica 2022 R1, billing can now be done in both quantity and amount for the project. These changes are done in the project’s form. In the following sections, we will review these changes.

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Visibility of Project Transactions in Projects and Construction

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Now released in Acumatica 2021 R2, administrators can limit the visibility of employee information such as hourly wage, benefits, and other confidential data from those who are not supposed to see this data.

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Tracking Project Budget Overruns in Acumatica

Beginning with Acumatica ERP 2019 R2, the system will check as users are entering documents against the cost budget of a project, taking into account what is remaining on the budget and warn users of the situation. A new inquiry screen is also available to review all the overruns.

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Acumatica vs. Dynamics SL : Project Setup

Microsoft Dynamics SL has always had a strong reputation for project accounting going back decades.  Project Maintenance and the setup of the Project Controller module help define how Dynamics SL will function and is key to any successful implementation.  Acumatica provides its users project functionality as well, so how do the main setup options compare with Dynamics SL?

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Acumatica vs. Dynamics SL : Project Allocations

Microsoft Dynamics SL has always had a strong reputation for project accounting going back to the Smith, Dennis and Gaylord (SDG) days. One area that was always a differentiator was the Allocator module. With the Allocator module users are able to calculate and post new transactions to post to the GL and to the project. These transactions may apply indirect costs, like fringe and overhead, calculate fees and revenue or create asset entries to WIP, CIP or Unbilled A/R.

So how does Acumatica’s functionality compare to Dynamics SL’s for project allocations? We take a look at some areas below:

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Acumatica 2018 R1 is Now Available

Acumatica has released its latest version – Acumatica 2018 R1. This is the scheduled spring update to Acumatica 2017 R2. The release consists of four parts:

  1. The General Availability of 2018 R1
  2. Acumatica Construction Edition availability
  3. Acumatica Distribution Edition announcement
  4. Business Intelligence with Reporting, Dashboards and Analytics

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