5 Benefits of Analytical Accounting Dynamics GP - ERPVAR.com

Dynamics GP Analytical Accounting (AA) is another example of Microsoft's commitment to help businesses increase productivity. Home FindERPAdd-On Sage100Add-Ons AcumaticaAdd-Ons FindERPPartner AcumaticaPartners SagePartners MicrosoftDynamicsERPConsultantPartners NetSuitePartners SAPBusinessOnePartners SYSPROPartners Events News Blog ExpertAcumaticaConsultantBlog ExpertSage100ConsultantBlog ExpertSageIntacctConsultantBlog MicrosoftDynamicsConsultantBlog NetSuiteERPConsultantBlog ContactUs Services AboutUs ERPConsultantNetworkBlog 5BenefitsofAnalyticalAccountingDynamicsGP WrittenbyAmyCoddingtononAug3,20178:15:00AM TAGS: AnalyticalAccounting, AnalyticalAccountingwithDynamicsGP AnalyticalAccounting withDynamicsGPHelpsAnalyzeFinancialData DynamicsGPAnalyticalAccounting(AA)isanotherexampleofMicrosoft’scommitmenttohelpbusinessesincreaseproductivity.AAempowersyouwithpowerfulfunctionalitytoanalyzefinancialdatawiththespecificcriteriayourequire.Greaterreportingflexibilityallowsyoutoanalyzetransactionsinamoreefficientmanner.AnalyticalAccountingwithDynamicsGPgivesyoubettervisibilityofyouroperations.Whenyouhaveaccesstotherightdataattherighttime,youareempoweredtomakedecisionswithdeepervisibilityintoyourtransactions.AnalyticalAccountingisespeciallybeneficialfornot-for-profitorganizationsandgreatlyenhancestheGrantManagementmodule. WatchthisvideotolearnmoreaboutDynamicsGPAnalyticalAccounting -this8minutevideodemosasimplesetupforAAaswellassomereportingoptionsincludingSmartLists,AAInquiryQueriesandManagementReporter.  5BenefitsofDynamicsGPAnalyticalAccounting(AA) 1.GetDetailedTransactionDimensions:Classify,reportandanalyzefinancialtransactionsbasedonyourspecificbusinessneedswithanunlimitednumberofuser-definedtransactiondimensionsincludingCostCenter,ProfitCenter,RegionandHoursaswellaspre-definedsystemtransactiondimensionssuchasCustomer,Vendor,ItemandSite.   2.FlagSpecificFinancialAccounts:Nowyouareabletomarkacertaindimension,likeProfitCenteras“analyzed.”Then,wherethosespecificaccountsinGPareused(anymodule-Payables,Inventory,Financial,etc.),thetransactioncanhavetheProfitCentervalueentered.WesuggestmakingthedimensionsrequiredsothatausermustenteraProfitCentervaluetopostthetransaction.IfaProfitCentervalueisnolongerneeded,itcaneasilybemarkedasinactiveanddisappearfromthelistofvaluestobechosenfornewtransactions.ThereisevensecuritytopreventcertainGPusersfromselectingcertainDimensionvalues.Ifyouhaveadifferentdimension,suchasHours,youcanhavesomeofthesamefinancialaccountsorcompletelydifferentaccountsflaggedfortheHoursdimension.3.DefineAccessbyDimensionCodeforSpecificGLAccounts:AnalyticalAccountingprovidesanadditionallevelofuserpermissionssecuritywith“AccountAccess"whereyoudefineaccessbyeachDimensionCodetoonlyhaveaccesstospecificGLAccounts.4.UseExcelforMulti-levelReports:UseafamiliartoollikeExcelforeasymanipulation,integrationofnon-accountingbusinessdataandenhancedpresentation.Youdecidehowmuchdetailyouneedtoviewthroughoutyourentirereportorsectionwithanimplode/explodefunction.DimensionsmayalsobeaddedjustlikeFinancialAccountsegmentsintherows,columns,ortreesofManagementReporterfinancialreports.5.AddCodestoFinanceCharges:AddAnalyticalAccountingcodestoindividualcustomerswhenassessingfinancechargesisanotherpopularfeature.IftheGLaccountislinkedtoanaccountingclass,AAcodeswillbeassignedtoeachindividualcustomer.Iftheaccountisnotlinked,youwillhavetheabilitytoassigncodeslaterintheAAeditanalysiswindowforeachcustomerassessedafinancecharge.    AdditionalBenefits:SeveralotherbenefitstoAnalyticalAccountingincludeWizard-DrivenInquiries,SimplifiedNavigation,ValidCodeCombinationsandGrantBudgetValidation. YouarealsoabletoaddAAcodestopaymentsonSalesOrderswhenenteringthemintheSalesTransactionEntrywindow. AnalyticalAccountingwasaddedasastandardofferingsincetheGP2013StarterPackrelease.IfyouareonGP2012orolderandplanningtoupgrade,youmaywanttoconsiderthebenefitsofAnalyticalAccounting.Ifyouarealreadyusingit,checkinwithyourDynamicsGPconsultantoraskourexpertstomakesureyouaretakingfulladvantageofAA’srobustfunctionality. Contactus,emailorcall585-286-9002 tolearnmoreaboutDynamicsGPandAnalyticalAccounting’sfunctionality. SoftwareSolutionsGroup,Inc. Forover20years,weareatrustedMicrosoftDynamicsCRM,MicrosoftDynamicsGP,MicrosoftDynamicsSL,AcumaticaandOffice365certifiedteamofERPconsultantsservingBuffalo,RochesterandSyracuse,NYandtheErie,PAsurroundingareas.Fromhealthcaretomanufacturing,wehavetheindustryexperienceandsolutionstohelpdeliverpowerfulERP,FinancialManagementandCRMsolutionstohelpyoumeetyourbusinessobjectives.Areyoureadytoimproveefficiency,leveragefirmtalent,improveexperiences,andgrow?Contactustoday!Visitourwebsite,emailorcall585-286-9002. AnotherversionofthisblogwaspostedonFebruary18,2014byAmyCoddingtonwithSoftwareSolutionsGroup–AnalyticalAccountingforDynamicsGPPhotocourtesyoffreedigitalphotos.netbyStuartMiles  SHARE BlogUpdates SubscribeHere! PopularPosts ERPSoftwareSolutions Acumatica Microsoft NetSuite Sage SYSPRO SAPBusinessOne SAPBI SageIntacct Syspro LocalHelp Sage50 Sage100cloud Sage300cloud Sage500ERP SageERPX3 SageCRM SAPBusinessOne MicrosoftDynamics NetSuite Acumatica SYSPRO SubscribetoourBlog ©2021.ERPVAR.AllRightsReserved.888-253-6705 PrivacyStatement