The main benefits of Microsoft Dynamics GP are its comprehensive reports and analytics, general accounting, payroll and employee management, inventory tools, robust integrations, improved productivity, and scalability. Know more about its benefits here:

Reports and Analytics

MS Dynamics GP employs power and role-specific reporting capabilities that include charts and graphs within and outside the system. Clients can easily monitor information and track them as they using documents attachments such as pictures, contracts, and invoice copies among others.

You’ll notice in many Microsoft Dynamics GP reviews that one of its benefits is that its budget reporting can be customized to reflect figures by year, quarter, or month. On top of that, reports are further enhanced with views and forecasting tools to monitor, project, track inflows and outflows to follow the company’s liquidity. The software also allows efficient streamlining of period-end and year-end reporting processes, project timesheets, and expense reports

General Accounting

MS Dynamics GP documents financial journal entries using a double-entry accounting ledger that can support 999 periods. The system simplifies accounting responsibilities by automating routine and complex accounts payable tasks using real-time statistical history. WIth MS Dynamics, you get account reconciliation, account control, payment schedule, and check printing is done easy and right. Other essential functions that come with the system are: total accounts receivable control  with automated facilitation for invoice, receipts, finance charges, and statements; create refund checks;  immediate export of information between receivables and payables using on vendor record and vice-versa; and follow numerous budgets for multiple fiscal years in various currencies and General Ledger accounts.

Moreover, MS Dynamics GP employs a user audit trail on budget modifications and it can link important and significant documents together to give clients more in-depth and extensive insight on previous transactions. The system can also generate reminders for particular scenarios including customer credit limit, short stock items, or payables due. It can also find and track budget information, query current or historical encumbrances

Payroll & Employees

The software creates Federal Magnetic Media files to facilitate clients in maintaining full compliance with government reporting standards and help them locate, entice, and retain top talent with modifiable hiring schemes, scheduling, pay rates, and performance evaluation feature set. It can automate and hasten complicated payroll tasks while allowing the addition of payroll funds to employees’ bank.

Inventory & Services

MS Dynamics GP tracks the levels of inventory stock as well as costs and also sets prices on a customer-by-customer basis. The accounting platform also features multiple costing methods, level-by-level pricing, and vendor alternation. It also enables clients to deploy the system in multiple locations and set up bins with tracking codes and cycle counts, as well as immediate monitoring of components and subassemblies that were employed in light manufacturing and similar production.

Likewise, the software automates purchasing using the preset purchase order and enables users material orders that are required for business operations with the help of the Requisition Management module. It monitors quotes, orders, back orders, invoices per item and partial shipments and centralized fulfillment orders into one invoice.

Productivity & Integration

The software easily incorporates with MS Office and other Microsoft’s popular business tools such as Microsoft SharePoint and SQL server database. The system can be accessed using a variety of devices and locations, allowing for greater flexibility. The software also boasts of dedicated process servers to prevent computer lags and shutdowns, thus increasing productivity significantly.

Likewise, MS Dynamics GP facilitates employee collaboration especially task assignments and management.

Scalability

MS Dynamics GP is accessible via desktop (client-server) or through its cloud service, depending on your IT infrastructure as well as budget range. Its appearance and functionality can be customized via Visual Basic coding which allows you to add new fields, change global resources to affect the entire application, and attach code for less complex business logic.