How to Reopen a Period in Project Controller for Dynamics SL
If you are using Project Controller you are probably already aware that closing the period (or year) for Project Controller is different than closing the period (or year) for the financial modules. You close the financial modules (i.e. GL, AP, AR, etc.) using the Closing (01.560.00) screen found in the General Ledger processes section. But, closing the period for Project Controller is done within that module using the Close Period (PA.CLO.00) screen. But, how do you reopen a period in Project Controller?
Why Acumatica Makes Even More Sense After the NetSuite Acquisition Announcement
On July 28th Oracle announced plans to acquire NetSuite for $9.3 billion in cash. This didn’t come as a complete surprise as Larry Ellison, Oracle’s chairman, is the single largest shareholder of NetSuite and Oracle is aggressively trying to increase their cloud-based revenue. For NetSuite, a merger, in theory, could make sense for a company that has never made a GAAP profit in any quarter or year in its existence, and according to their last 10-k filing “may not achieve profitability in the future“.
Acumatica Releases Version 5.3
Acumatica unveiled the newest version of their cloud-based accounting and ERP software at their annual Summit for partner and customers. The new features in Acumatica 5.3 is focused on increasing the performance, stability and mobility of Acumatica 5.0, a full ERP suite that includes financials, distribution, account and CRM.
You Should Not Rely on Spreadsheets for Cash Flow Forecasts
Finance executives and professionals must rely on purpose-designed planning, budgeting and analysis software solutions that will deliver complete and accurate forecasted financial statements for all budgeted period. Use of spreadsheets or pure guessing of anticipated future results can never deliver this level of completeness and accuracy and any cash flow projections done in this manner will be a gross estimate that should not be relied on.
Dynamics SL and Leap Day
Today is Leap Day and if you spend most of your day using Dynamics SL you won’t notice anything real different. It is, just another day. However, there are a couple places in the system you may want to check or update to make sure there isn’t any surprises.
Why You Should Consider Acumatica For Your New ERP
Perhaps you used QuickBooks to start your business, but now you are thinking that it may be keeping you from growing your business. Or you are on a legacy client-server ERP system but you have users that need access to data remotely and on mobile devices. Or maybe you are on another cloud ERP but feel like you should be able to control your data or the timing of upgrades. Then it is time to consider the move to Acumatica.
Dynamics SL 2015 Year End Updates
Microsoft has released the 2015 Year End Updates for Dynamics SL. They include changes for 1099 and W-2 reporting to comply with 2015 tax year regulations. These updates are only compatible with the following versions:
- 2011 Feature Pack 1
- 2011 Service Pack 2
- 2011 Service Pack 3
- 2015
- 2015 Cumulative Update 1
What’s new in Acumatica 5.0?
The latest release of Acumatica brings a number of exciting new features and enhancements to deliver a better, faster, and stronger platform for your business.
To begin, let’s start with Acumatica for iOS and Android devices… Acumatica’s new mobile app makes it easier than ever to access Acumatica at any time, from anywhere. Key features include real-time access, automatic synchronization, increased functionality, and mobile device integration to leverage the existing capabilities of your mobile device. Whether you are an iOS or Android user, the functionality of the app is the same across both platforms and there is no cost to Acumatica customers. […]
Closing Project Year at Actual in Dynamics SL
The Close Project Year at Actual (AL.CPA.00) screen was added with Dynamics SL 2011 Feature Pack 1, which still makes this a fairly new screen. It was added with several new features including Indirect Rate Calculator (AL.IRC.00) and some changes to reports like Job Summary Report at YTD Actual and some new tables like PJPTDAIC and PJYTDAIC. So, if you are using the project series modules and trying to track your indirect rates, it is important to understand what these fairly new features do. […]
Setting up Project Accounting in Acumatica: Account Groups
There are many steps to consider when preparing to do project accounting in Acumatica. Perhaps one of the most important considerations is how to setup Account Groups. An Account Group is mapped to specific General Ledger accounts and is used to track project budget, expenses and revenue. (For readers familiar with Dynamics SL – Account Groups are referred to as Account Categories.) By mapping a GL account to an Account Group you will require users to enter in a Project ID each time they enter a transaction for that account. […]
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