Posts Tagged ‘gp to bc migration’
Prepayments in Dynamics GP vs. Business Central: Record the Money or Invoice the Deposit-Round 35
Deposits are everywhere in business. A customer wants custom work? You ask for money up front. A vendor has a long lead time? They want a check before they start. The question is how your ERP handles that money between the day it moves and the day the real invoice posts. Welcome to Round 35…
Read MoreCompany Consolidations in Dynamics GP vs. Business Central: A Reporting Tree or a Consolidated Company-Round 34
If your business runs more than one company, someone has to answer a simple question every month: how did we do as a group? Getting to that answer means consolidating — rolling the numbers from every company into one set of financial statements. Welcome to Round 34 of our Dynamics GP vs. Dynamics Business Central:…
Read MoreIntercompany Transactions in Dynamics GP vs. Business Central: Log Into Every Company or Check the Inbox-Round 33
Run more than one company, and sooner or later one of them pays a bill that belongs to another. The holding company covers the insurance. The parent buys the software licenses everyone uses. Every one of those transactions has to hit two sets of books, stay in balance, and be traceable later. That’s intercompany accounting…
Read MoreMulticurrency in Dynamics GP vs. Business Central: Key the Rates or Subscribe to Them-Round 32
The moment your company buys from a vendor in Canada or sells to a customer in Europe, your ERP has a new job: tracking two amounts for every transaction. The euros on the invoice, and the dollars in your general ledger. Get the exchange rates wrong — or let them go stale — and your…
Read MorePositive Pay in Dynamics GP vs. Business Central: Build the File or Pick the Format-Round 31
Check fraud never went away. Someone gets hold of your account number, prints a convincing check, and cashes it before anyone notices. Positive pay is the banking industry’s answer: you send your bank a list of every check you issued — number, amount, payee — and the bank refuses to clear anything that isn’t on…
Read MoreElectronic Vendor Payments in Dynamics GP vs. Business Central: The File Format Project or the Export Button-Round 30
Fewer and fewer companies pay their vendors with printed checks. Electronic payments — ACH in the United States, EFT more broadly — are cheaper, faster, and harder to steal out of a mailbox. Both Dynamics GP and Dynamics 365 Business Central can build the payment file your bank wants. The difference is how much work…
Read MoreBank Deposits and Transactions in Dynamics GP vs. Business Central: The Checkbook or the Bank Ledger-Round 29
Every business moves money through the bank all day long: customer checks get deposited, service fees get recorded, funds hop from one account to another. Your ERP needs a home for all of that activity. In Dynamics GP, that home is the checkbook — a separate bank subledger with its own windows and its own…
Read MoreDeferrals in Dynamics GP vs. Business Central: Remember Every Time or Set It Once-Round 28
You invoice a customer in January for a year of support. The cash shows up now, but the revenue belongs to all twelve months. Same story on the expense side: you pay your insurance premium once and it covers the whole year. Deferrals are how your ERP spreads those amounts across the right periods —…
Read MoreFixed Assets in Dynamics GP vs. Business Central: A Ledger on the Side or Part of the Books-Round 27
Welcome to Round 27 of our GP vs. Business Central Face-Off — and the start of our bonus rounds. We wrapped the core season with approvals, and now we’re getting granular. First up: fixed assets. Every company owns things that last longer than a year. Trucks. Laptops. Warehouse racking. The forklift nobody remembers buying. Your…
Read MoreYear-End Close in Dynamics GP vs. Business Central: Fourteen Steps or Two?-Round 7
Every accountant knows the feeling. It’s the first week of the new fiscal year, and the books need to be closed. In some offices, that means a checklist taped to the monitor, a “stay out of the system” email to the whole company, and a very long afternoon. Whether that describes your office depends a…
Read MoreReceiving Purchase Orders in Dynamics GP vs. Business Central: A New Window or Two Fields?-Round 9
The truck just pulled up. Boxes are on the dock, the packing slip is in someone’s hand, and your inventory isn’t right until those goods are in the system. Yesterday we entered the purchase order — today, in Round 9 of the Functionality Face-Off, we receive it. Receiving sounds simple: tell the system what showed…
Read MoreAccount Segments in Dynamics GP vs. Dimensions in Business Central: Why Your Chart of Accounts Keeps Growing-Round 5
Quick question: how many accounts are in your chart of accounts? Let’s talk about GP account segments vs Business Central dimensions If you’re running Microsoft Dynamics GP, the honest answer might be “thousands — and we’re not sure what half of them are for.” That’s not bad bookkeeping. It’s just how GP was designed. Every…
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