Polaris Business Solutions

2022 R2: Improved Processing of Batch Payments

2022 R2 Finance 1

Finance: Improved Processing of Batch Payments

In previous versions of Acumatica, the batch could be exported to a file that would then be sent to the bank after the release of a batch payment. If there was a rejected payment, the user had to void all of the payments and create new payments that excluded the rejected payment. In the new release of Acumatica 2022 R2, there have been several updates to help with the process of releasing batch payments:

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2022 R2: Tracking Project Progress by Unit

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Before the release of Acumatica’s newest version, users of the construction edition did not have the ability to track a project by units used or installed. With the release of 2022 R2, construction edition users will be able to capture project activities on a unit level and track project progress through a new document: a progress worksheet. There have also been changes to the daily field report that affect the tracking of project productivity.

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Acumatica 2022 R2: Approval of GL Transactions

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Many companies require the approval of GL transactions before they are posted to the ledger. In the new release of 2022 R2 of Acumatica, it is now possible to only release and post transactions to the GL after the appropriate person has approved them. In the system, users can assign an approver based on an approval map. This map is defined and the transaction is approved once the approval follows the map. The conditions of approval can be the amount, date, or other items the user would like to set up the map. There can be multi-level or sequential approval maps.

Only transactions directly from the general ledger are valid for approval. Administrators have access to configure rules as to who should be approving these transactions and when. These rules can be for single transactions or batches. This new feature of 2022 R2, Approval Workflow, is available once enabled on the Enable/Disable Features form.

On the Approval Maps Form the new Journal Transactions option has been added to the entity type in the header selection. With the option selected, an approval map can be created for journal transactions.

If this new feature is something your company is interested in, please reach out to Polaris Business Solutions; info@polaris-business.com.

Discontinuation of Dynamics SL

 

SL Support Blog

For a while now we’ve been hearing about and discussing the lifeline of the Microsoft Dynamics SL. It is a legacy software that has been around for quite some time. And we all knew this day was coming, but on September 30, Microsoft announce the discontinuation of Microsoft Dynamics SL 2018 for new customers.

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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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2022 R2 Version Sneak Peak

 

Acumatica Logo

Acumatica is set to release the newest version of its cloud based platform in just a few weeks. With each new release comes updated features, enhancements to the platform, and a better user experience. Below is an overview of the release and the major points Acumatica is capturing in this R2 feature release.

Each of these themes has a distinct way that set Acumatica apart from the competition and these feature updates continue to help with that. The major themes Acumatica is working toward are:

  • Power Work Forward with Exceptional Usability
  • Transcend Geographic Boundaries
  • Target Micro-Vertical Markets

The new usability features Acumatica is offering will empower the mobile interface like never before. Users will be able to configure mobile device workspaces, attach information to sales orders and invoices, and even collect electronic signatures.

Acumatica will now be unleashing new geographic features in this upcoming release. Users will be able to streamline payment processing, and enhanced calculations of taxation will be added. Additionally, feature benefits to financials and CRM will be added.

 

The Micro-Verticals that Acumatica has been expanding into in the past have helped tremendously with growth. With 2022 R2 there is going to be even more expansion into different markets. These micro-verticals expand into each of the industries that Acumatica works with; Distribution, Manufacturing, E-Commerce, and Construction.

 

This new release is packed with features and we can’t wait to tell you more. If you are interested in learning more about Acumatica and the newest features it has to offer, reach out to Polaris Business Solutions; info@polaris-business.com.

Dynamics SL 2018 CU8 is now available

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Microsoft Dynamics SL CU8 is now out, so let’s go over what is new and what has changed!

  • The DMGDataAccess Business Object now uses the Microsoft OLE DB driver for SQL Server Version 18 in the latest update. This means that Inventory Replenishment Create Transaction, Convert EDI Pos to Sales Orders, and Orders to Purchase will all now connect using the OLE DB driver.
  • SL CU8 will be able to run on Windows 11, if you have questions on how this works, we can help break down the step by step process for the installation.
  • The look and feel of journal entries have also changed with this update.  The Journal Entry (01.010.00) screen has been updated to now have hidden labels. These labels generate list text for the cBatchHandling and creconstatus drop down controls. There are hidden labels for O and V options of the cbattype dropdown to make localization easier. See the picture above for the hidden label controls.

That wraps up our notes on what has changed in this new update. Be sure to contact us if you have any questions about CU8. You can reach us here: info@polaris-business.com.

 

The Use of Acumatica for the Financial Management Team

 

4,934,789 Finance Stock Photos, Pictures & Royalty-Free Images - iStock

Acumatica’s cloud based ERP has the ability to give users of all different types access to data whenever they need it. This information is important to access the company’s financial health, report and analyze data, and provide accurate information to users who need it. Financial Leaders in companies need to be able to access this data quickly and efficiently and Acumatica has the tools to do this.

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What is Velixo

Vilexo

Sometimes you need excel to do more and to work more seamlessly with your ERP. Velixo might be the integration you never knew you needed. We worked with our in house Velixo champion, Liyi, to get you the breakdown of some questions you might have:

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AcuLoan 2022 R1 Amortization Table Updates

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2022 R1 Feature Updates to Amortization Tables
 

Like Acumatica, AcuLoan has released a new update this year with a new set of features that have upgraded the system. The release of 2022 R1 has made changes to the amortization table. Before the updates to 2022 R1, there were only two ways to calculate using the amortization table. Those were standard and non-standard ways. With the update, see below for examples of how the amortization tables can now to calculated:
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