I find it comforting that even though the world is constantly changing, we can still connect and collaborate with each other.  Check out this blog from Jen Schoemer.

Pam

Find Your Rhythm, Learn to Dance with Microsoft

Written By Jenn Schoemer, Project Manager at Rockton Software.

I recently attended Worldwide Partner Conference 2015 Recap, which was very exciting and was quite inspired by all the innovation coming. I also got a chance to chat with Pam Misialek a bit. First, I had to share some kudos on how the Microsoft Dynamics GP team is doing a great job with their six month release cycle. I also shared that at Rockton Software, a small shop, we are still trying to find our groove between staying on top of updating our existing products to be compatible with their release and also continue to squeeze in time to innovate.

Things we have found helpful are:

1. reIMAGINE 2015: Top on our list, attending reIMAGINE. From what I’ve heard, and I’m seeing, there is a lot of good content around ‘what’s to come’ with Microsoft Dynamics GP. So this is the event for our Developer, Consultant/Support, Product Manager, and Technical Sales Lead to attend.

    

2. Getting the prelease code drop from Microsoft early (2-3 months): Getting the code drop from Microsoft early allows us to run our regression tests, analyze the results, and create a release plan.

3. Automation: We have been working to automate as much of our development and testing process as possible. Developers should take advantage of using BAT files and Dexterity build macros to automate as many of the manual tasks as possible. We are at a point where we can run full regressions on all our Microsoft Dynamics GP add-on products—SmartFill, Dynamics GP Toolbox, Auditor, Dynamics Report Manager, and Omni Price—on four Microsoft Dynamics GP versions within two days.

    

4. Agile development process: We, too, have implemented an Agile development process. This allows us to be flexible, adapt quickly, change early and often, as well as fail fast. Two things we have found helpful in our Agile process are:

   1. Internal and External feedback loop

   2. Frequently prioritizing our backlog, focusing on coding the high priority items, pooling them, and releasing them in quarterly or mid-year groups like Microsoft.

So, how are you balancing your time between staying in step with Microsoft’s new release cycle and innovating on your own products? Share your feedback in the comments.

For more information on Rockton Software, follow us on twitter @RocktonSoftware or email sales@rocktonsoftware.com.

Hello -

When upgrading to Microsoft Dynamics GP 2015 R2, you may encounter the following error message:
Conversion failed when converting the varchar value 'XXXXX' to data type int.

Here is an example of a corresponding call that you would see in the Dexsql.log file:

UPDATE ASIEXP86 SET ASI_Field_Number = CASE WHEN ASI_Field_Number = 24453 THEN 24452 ELSE 24453 END, ASI_Column_Display_Name = CASE WHEN ASI_Column_Display_Name = 24453 THEN 24452 ELSE 24453 END WHERE ASI_Favorite_Dict_ID = 0 and ASI_Favorite_Type = 12 and ASI_Favorite_Name <> '' and ASI_Field_Number in (24453,24452)
/*
/* Date: 08/06/2015 Time: 8:50:59
SQLSTATE:(22005) Native Err:(245) stmt(11354784):*/
[Microsoft][SQL Server Native Client 11.0][SQL Server]Conversion failed when converting the varchar value 'Debit ' to data type int.*/

If you encounter this issue, you can definitely troubleshoot it at the point of failure.

To resolve this issue, please do the following:

A. Run these scripts to find the records causing this error to occur:

     1. Select asi_column_display_name, asi_field_number, asi_favorite_name, * From DYNAMICS..ASIEXP86 where asi_field_number = 24452

     2. Select asi_column_display_name, asi_field_number, asi_favorite_name, * From DYNAMICS..ASIEXP86 where asi_field_number = 24453

   >>>In the results returned by these two scripts, the results in the ASI_Column_Display_Name should only be numeric values. The first script should only return 24452 in this column and the second script should only return 24453.

   If you have any other values besides 24452 or 24453, then you'll need to remove the records from the ASIEXP86 table.


B. I would recommend making a backup of this table, using the following script:

     Select * into DYNAMICS..ASIEXP86BAK from DYNAMICS..ASIEXP86


C. To remove the invalid records from the ASIEXP86 table, you can use a script such as this:

     Delete DYNAMICS..ASIEXP86 where ASI_Column_Display_Name = 'xxxxxxx'

**Note: Replace xxxxxxx with the non-numeric value that you see in the results from the Dexsql.log file.


D. Once you remove the invalid records, run the two scripts mentioned previously again, and verify that the ASI_Column_Display_Name column only shows 24452 for the first script and 24453 for the second script.

     1. Select asi_column_display_name, asi_field_number, asi_favorite_name, * From DYNAMICS..ASIEXP86 where asi_field_number = 24452

     2. Select asi_column_display_name, asi_field_number, asi_favorite_name, * From DYNAMICS..ASIEXP86 where asi_field_number = 24453


E. If the column shows the correct values, you can then launch Dynamics GP 2015 R2 Utilities again and continue with the upgrade of the DYNAMICS system database again, which should get past this ASIEXP86 error message.

Thank you!
Sarah
Microsoft Dynamics

The latest edition of the GPUG Magazine is now available virtually on our Magazine webpage. We've got a new magazine viewer to make virtually flipping the pages much more enjoyable so grab a cup of coffee, tea or soda and settle in for a great read!

The latest edition focuses on saving you time and increasing efficiency, including:

• Business Process Automation: Give Yourself the Gift of Time
• The Lucky 13
• All About Power BI

 Also included:

• User Member Showcase: Mr. Beer
• Tips & Tricks: SOP Quick Print Feature and Microsoft Dynamics GP Window Ribbon
• ISV Partner Member Showcase: k-eCommerce
• Why YOU Should Attend GPUG Summit 2015
• Volunteer of the Quarter: Viola Shoell
• 50 Resources in 50 Minutes

 Check it out today (Psst - you can use the Clipping Tool in the new magazine ready to select and email/tweet/post your favorite articles or snippets with your network. Look for the  icon to give it a whirl!)

Enjoy!

There are a few things that you need to consider if you are attempting to add an AD Security group to a workflow in GP.

First, the same limitation exists for groups that exist for users in that you need to have a 'Display Name' configured for the group.  If you do not you will not be able to successfully add the group to the Workflow.  I setup an AD Security Group called 'WrkFlow' and am trying to add it to my Workflow in GP 2015.  You'll notice that the group comes up with just the (Domain\Name) when I look it up.

You need to go into 'Active Directory Users and Computers' and give the group a 'displayName' in the Attribute Editor.  You will need to set the window up to view Advanced Features to accomplish this.

In the 'Active Directory Users and Computers' window go to 'View' and make sure the 'Advanced Features' option is checked.

You will then be able to 'Right-Click' your security group and go to 'Properties'.  In the 'Properties' window you will now have an 'Attribute Editor' tab available at the top.  In the 'Attribute Editor' tab you'll be able to select the 'displayName' attribute and click the edit button to give it a name.

Once you've given your security group a 'displayName' it will now show up in Workflow like the following:

Notice that it is no longer showing JUST the (domain\group) name, it will now also show the display name you gave it.  This is required for wokflow to successfully add a user or a group.

There is also another issue that can arise here were you will find the group but it will not add it.  When you create a security group in Active Directory it is assigned a 'Group name (pre-Windows 2000):' name.  This will default to whatever you name the actual group.  We insert this name into SQL with a character limit of 21 or less.  So if you have security group name that exceeds 21 characters in length you need to manually change the 'pre-Windows 2000' name to be less than 21 characters in length.  You can find this setting in 'Active Directory Users and Computers' by right-clicking the group and going into properties and looking at the 'General' tab.

These are the only 2 factors that I am currently aware of that will prevent you from adding an AD security group to Workflow 2.0.  The group must be a security group and not a distribution group as well.  I hope this information helps you out if you're in the process of implementing Workflow 2.0 in your environment.

Some harsh words from Martin, but I believe it's true.  It's definitely something to really think about.

Pam

Stop Losing Microsoft Dynamics GP Deals That You Should Win!

 Next time I hear someone tell me they lost a GP deal to ‘the cloud’ I may just reach through the phone and gently slap them. In the words of the great Australian rocker Johnny Diesel

“Don't you know it's a cryin' shame,

When you've got yourself to blame”

You can listen to the entire track here for those wanting some 1989 down under culture https://www.youtube.com/watch?v=740geW2Uy4U

Some people will tell me this statement is a bit harsh, but I stand firmly in the camp that believes Dynamics GP is still as good as any Mid Market ERP on the market – and in most cases better. So if you are losing GP deals you are doing something wrong and are not presenting Dynamics GP in the way it needs to be represented.

The great news is that you can fix this in a few easy steps.

1. Get yourself to reIMAGINE in Fargo: reIMAGINE is the ONLY fully Dynamics GP focused event for Dynamics GP resellers. You spend three days learning about, discussing, exploring and focusing on nothing but Dynamics GP. The only people that attend this event are people just like you - people who sell and implement Dynamics GP.

2. Accept you do not know everything and learn from your peers: Everyone you speak to at ReImagine makes a living from Dynamics GP. You already have a huge amount in common. Make it a point to meet people you do not know and ask them all the questions you need to. Ask them how the win deals, how they make money from services, how they are dealing with clouds, and which ISV products help them close deals.   Even if you never attended a single breakout session – ReImagine is worth attending.

3. Get your Tech and Presales Resources to ReImagine: One of the biggest reasons salespeople struggle to close deals and really show of how awesome Dynamics GP is that they do not educate their tech team. You cannot show of GP without help from tech guys that get webservices, SBA, Cloud Apps, eCommerce, mobile apps and complex data integration. So you absolutely must not come alone and get your tech teams along to ReImagine.

4. Come to the FREE eOne Sales Bootcamp on Sunday the 20^th Sept: This is a full day session where I will teach you how to win every GP deal every time. We work together to present GP in its best possible light – and NOT the way you showed it 10 years ago. This is a great session for any ales or presales people who want to improve you demo and sales process.

5. Attend the how to Demo Sessions and Demo Panel discussions: Even if you think you’re the best demo jockey in the world – you have thing to learn. We all do.

6. Learn about SBA (Service Based Architecture) and more importantly Service Builder from eOne: Microsoft Service Based Architecture for GP 2015 is important. IF you are not showing its power – then you deserve to lose to NetSuite. Simple as that. SBA is a great addition, and eOne has made it better with of course a product called ‘Service Builder’. eOne will be leading a full breakout on session dedicated to SBA and how Service Builder makes it more awesome! We will also highlight some great functionality in the opening Keynote that will knock your socks off.

7. Join a discussion on how Clouds Apps are impacting how Mid Market companies buy software?   If you have notthought about this then you deserve to lose deals to Intacct. Come to the eOne showcase session and see how you can embrace best of breed cloud apps and make them part of your sales pitch for Dynamics GP.

8. Talk to Microsoft: There is no better place to grab the Microsoft employee of choice and ask them all the hard questions. You will be in their place of work and can hunt them down, corner them and get the answer you need.

The next massively important to come to reIMAGINE is to attend the SmartnerParty hosted by eOne. This is our town and we want to thank all our loyal partners by giving you a huge welcome to Fargo party, in true Fargoian style.   A great venue at ShotGun Sally’s, the best band in the Midwest with PopRocks, Free drinks all night, the second annual Ping Pong Challenge and the best company you can imagine with all 20 of the eOne team there to hang out with. So for no other reason - come to Fargo to party with us.

Affordable Care Act: Out-of-the-box or with an add-on, we’ve got you covered!

With readiness for Affordable Care Act compliance being top-of-mind in the business world these days, we in the Microsoft Dynamics® GP community have got to stand proud: Whatever an employer’s concerns may be for generating the two new IRS form required for ACA compliance, GP users can meet them right from within their trusted ERP system!

Did you know that Dynamics GP is the only Microsoft ERP system with out-of-the-box tools for ACA reporting?

Yes, thanks to the efforts of our GP payroll engineer Terry Heley, users of Microsoft Dynamics® GP 2013 R2 and later releases can – in many cases – produce the new IRS forms required for ACA reporting. Review this blog post to see how the GP team built ACA functionality into the HR module, which is available to you at no additional cost.

What you get out-of-the-box with GP is all that’s needed when your organization:

• is singly owned

• has a stable workforce with many salaried employees and hourly employees with predictable schedules

• already offers health coverage

• has fewer than 250 full-time (ACA-defined) employees.

If your organization doesn’t fit this description, you still can use GP to do ACA reporting as required by the IRS, but you will need an add-on. Following are the three circumstances not covered by standard ACA functionality in GP:

• E-filing for Form 1094-C

• Unified reporting on 1094-C when processing payroll across multiple GP Payroll databases

• ACA penalty risk management

Such functionality is needed when:

• An employer will be producing 250 or more 1095-Cs. According to IRS rules, the transmittal for these (Form 1094-C) must be filed electronically.

• An employer is part of a commonly controlled or affiliated group. The IRS requires your submission of Form 1094-C to unify the reporting from all entities.

• Any of the following describe a workforce – many hourly employees, wages that are lower, schedules that vary, turnover that is frequent. When any of these are the case, an employer is at risk of ACA penalties for coverage non-compliance, creating a BI need for deep internal reporting on a monthly basis in addition to capabilities for year-end regulatory reporting.

If your organization fits one of the three above categories, one ACA reporting tool can help you be IRS-compliant without leaving GP. Learn more at http://www.integrity-data.com/software/aca-compliance/

Help your accountant see their desk again with integrated expense reporting

You’ve already chosen a great solution with Microsoft Dynamics GP for your ERP and accounting needs. What’s next? How can you leverage your solution to automate day-to-day tasks even further? Let’s talk about integrated mobile expense reporting.

On average, it takes around two hours to complete an expense report by spreadsheet. Multiply that by each employee, for each report, and that equates to quite a bit of lost time! However, by switching to electronic management for expense reporting, employees benefit from a much faster and simplified procedure and the ability to submit expenses on-the-go via their mobile device or on the web. Approvers benefit from automatic notifications and direct access to the reports, as well as auto-enforced spending policies. Finally, that overworked accountant benefits from digital receipts and concise data. Sounds great, doesn’t it?

By integrating cloud-based expense reporting with your accounting system, some of the more tedious and headache-inducing aspects of expense reimbursement, like reentry work by administrators, chasing down team members to submit their reports on a timely basis or dealing with lost or illegible receipts, are eliminated. With this, everyone benefits from from more reliable and controllable results. The ability for Microsoft Dynamics GP and a mobile-based expense reporting solution to handshake with one another and work together seamlessly means that:

• You employees will benefit from quicker reimbursements.

• Your approvers will benefit from a streamlined process.

• Your managers will benefit from less errors and potential fraud.

• Your executives will benefit by saving money on the bottom line.

• And your accountant will benefit by actually being able to see their desk again!

What’s more: documented processes for submissions and approvals, real-time visibility of spending and budgets, and regular audits of expense reports become simple and standard procedures. What’s not to enjoy about that?

The Nexonia team will provide live, in-person demonstrations of their Microsoft Dynamics GP time and expense integrations at the reIMAGINE 2015 conference hosted by Dynamic Partner Connections from September 21-23 in Fargo, North Dakota. Those who are unable to attend the conference can request a free, personalized demo with a Nexonia Product Experience Specialist.

By Elizabeth Robichaud, Marketing Specialist, Nexonia

After upgrading to MR 2012 CU13, you may encounter the following error on the CompanyProvider to Company task:

Sequence contains no elements.

This error will occur if there is a missing record in the Reporting.ControlCompanyIntegration table, in the Management Reporter database. To correct this, you’ll need to run the following queries:

select * from Reporting.ControlCompany

select * from Reporting.ControlCompanyIntegration

There should be an equal number of records in both tables. The exception is if you have Legacy companies. Legacy companies will be in the Reporting.ControlCompany table only. If there is a record in the Reporting.ControlCompany but not the Reporting.ControlCompanyIntegration, you’ll need to do an insert statement to add the missing record:

insert into Reporting.ControlCompanyIntegration (ID, SourceID)

values ('<ID>', '1')

<ID> will be the missing ID value from the Reporting.ControlCompany table.

This issue is logged as bug 3669431 is scheduled to be fixed in an upcoming release.

Since I am a little biased about the value of Microsoft Dynamics GP, I like to hear from others in the community about what they like (and what they don't) about the latest release.  Curt Finch CEO of Journyx gives his perspective.

Pam

New Dynamics GP Features: How We’re Making Them Work for Us (and How You Can, Too!)

Microsoft Dynamics GP 2015 ushered in a slew of changes with its initial release. With the R2 update, there are even more features (many of them focused on assisting with better customer interaction) that continue to make GP one of the leading ERP packages.

If you're still deciding whether or not to upgrade, or you've upgraded and haven't yet taken time to check out the new features, here’s what’s in store with GP 2015 R2.

Purchasing All-in-One View

One of the biggest challenges for many organizations relying on ERP software is trying to find the relevant information from a range of screens, tables and sources. How long it takes to find the relevant information seems to increase directly proportional to the urgency with which the data is needed.

Enter the Purchasing All-in-One View. With this new feature, everything you need to know about a vendor is easily accessible on the same screen. If the vendor is asking for specific information, however, this new feature can be used to display better, and more detailed, information.

"For example, a vendor calls asking about a specific payment," writes Dean Marty for the Dynamics GP Support and Services Blog. "Users will be able to select the vendor and then view all documents related to the payment, such as the PO, receipt, invoice, payment, etc."

Workflow Document Attachment

Another significant new feature is the ability to attach documents that have been associated with various business objects to notification emails. This allows the individual receiving the notification to review the pertinent documents before taking action.

Lucas Miller describes this functionality in more detail: "This, paired with the Workflow Email Action functionality that was previously included in Workflow, will allow an approver to receive a notification email, review the included attachments and approve or reject the document directly within the email.

We’ve also enhanced the Document Attachment Status Inquiry window as a new feature in Microsoft Dynamics GP 2015 R2. This functionality allows you to view when a particular attachment was included in a workflow notification."

Enable Email Functionality on All Sales and Purchasing Document Formats

For companies looking to streamline their communication, R2 offers a welcome improvement in email support for Sales Order documents.

"The Print Options for Sales Orders currently only support email for ‘Blank’ document formats," writes Derek Kainz. "This feature will support email for any document format for all Sales Order documents. The formats now available in Sales are: Blank, Short, Long and Other."

Visual Customer Over Credit Limit

Proving that big things sometimes come in small packages, the “Visual Customer Over Credit Limit” is a seemingly small feature with big implications.

GP 2015 R2 includes the option to enable two checkboxes in the Receivables Setup that will display a visual over credit icon, as well as warn when a customer is over their credit limit.

While this may seem like a small feature, it should prove invaluable to companies looking to tighten things up and be quicker to address customers who are slow about paying.

Dynamics GP 2015 R2 may not be a revolutionary new version, but it is a significant improvement offering a number of new features. Many of these features are based on customer feedback, while others are natural progressions of existing features. In either case, the new features are welcome upgrades that help Dynamics maintain its position as one of the best ERP packages on the market.

About the Author:Curt Finch is the CEO of Journyx, a Certified Microsoft Partner. Journyx maximizes the value of Microsoft Dynamics GP, NAV, AX and SL by adding enterprise time tracking. Journyx Microsoft Dynamics allows companies to quickly implement a complete time tracking solution using existing business data in Dynamics. Connect with Curt on Google+.

We are thrilled to announce that Wayne Morris , Corporate Vice President, Microsoft Business Solutions (MBS) Marketing, Microsoft Corporation, will be attending and kicking off reIMAGINE being held September 21-23 in Fargo, North Dakota.

As you may know by now, the reIMAGINE event is an opportunity for Microsoft Dynamics GP partners to reTHINK their business strategy, reINVIGORATE their marketing and sales teams and reCONNECT with colleagues in the industry, including other partners, Microsoft executives and more. Wayne Morris is a proven entrepreneur with more than 25 years of experience in executive management, strategy, marketing, sales and technical roles in software, services and hardware companies. His message will certainly leave an impact and the unprecedented opportunity to rub elbows with him may just provide that extra insight you need to bring your business to the next level.

If you are already set to attend reIMAGINE, make sure you add Morris’ kickoff session to your schedule; and make time to network.  You just don’t know who you might run into!  If you haven’t registered act now – the event is less than 15 days away! www.reIMAGINE2015.com

The insights into how salespeople think are interesting in this blog post.  Take some time to think about how you approach commissions.

Pam

4 Ways Traffic Lights are like Commission Structures

Cities around the country that have installed energy-efficient traffic lights are discovering a hazardous downside: The bulbs don't burn hot enough to melt snow and can become crusted over in a storm – a problem blamed for dozens of accidents.

The law of unintended consequences, often cited but rarely defined, is that actions always have effects that are unanticipated or unintended. At EthoTech, we’ve had a ringside seat to watch this law hold true in the arena of sales compensation – across many commission plan structures and industries. Here are four unintended results from well-meaning commission plans:

1 – how much will I make?

Whether or not you know it, your salespeople are calculating their commissions. They may do it daily, monthly or quarterly, but it is being done. They may do it correctly, they may do it incorrectly, and it may take them a long time. The time they spend out of their work day largely depends on the plan’s structure.

If your structure has too many variables or terms that are ambiguous, the salespeople are most likely spending valuable time trying to figure out what they are making. Plans with clear goals and measurements, along with scheduled reporting, mean the salespeople spend more time selling and less time figuring.

2 - who collects the money?

Some companies pay full commission but only when payment is received – no matter when that is.

Other companies reduce the salesperson’s commissions as the invoice ages. They find that the salespeople are in the best position to convince the customer to pay, as they already have the relationship. However, the balance between spending time collecting money and focusing on selling new business can easily tip.  

Whether salespeople are in charge to collect or that duty falls to another department, your company’s cash position improves dramatically by decreasing the number of days in which customer payments are received. Business processes that can be seen as non-sales related should also factor in to your plan design when thinking of your company’s vision regarding cash flow, revenue etc.

3 - What to do with this old inventory?

It’s the end of the season and you have leftover inventory, so you cut prices to push this inventory out the door.  If the salespeople are responsible to help this happen and their commissions are based on margin (i.e. profitability of the product) or percent of sale, their commission has effectively been reduced. As you can imagine, this can result in salespeople NOT pushing those items.

Plans that consider how price changes affect commissions can help make sure the salespeople are motivated, and in this case, the inventory is cleared out.

4 – Why are you holding that (SAND) BAG?

Many successful sales commission plans utilize accelerators, where salespeople are paid more for selling more, and some have caps, where sales above a certain threshold are not commissionable. Most of these plans reset quarterly or yearly. Without careful design, these plans could encourage sandbagging – holding sales until the next commission period – affecting your companies’ cash flow.

Make sure your salespeople have the green light to sell by making clear, purposeful decisions about the variable compensation plans they are offered. Talk to your salespeople and other companies, see what they have done, what has worked, and what hasn’t. Find out what caused the accident at the crusted over stop light.

John Stulak

EthoTech, Inc. – THE Commission Experts

EthoTech is a proud sponsor of reImagine in Fargo and GPUG Summit in Reno!

For more information about this article or EthoTech, please contact lightbulb@ethotech.com or visit www.ethotech.com.

What makes your product unique? Does it solve a common issue?  Is it a well-known brand? Maybe it’s something we rely on every day without knowing! The Dynamics GP User Group (GPUG) is proud of the diverse industries, products, and ideas represented among User Members and we’d like to recognize this diversity at GPUG Summit 2015, October 13-16^th in Reno, NV with The Member MarketPlace.

The Member MarketPlace is a unique opportunity for you, our GPUG User Members, to showcase your products to the thousands of Summit attendees during the Summit Expo on Wednesday, October 14. You will have the opportunity to demonstrate and discuss your products on stage – think of it as a live commercial!

If would like to seize the opportunity to showcase your company, please fill out this brief questionnaire and our team will follow up with you!  If you have not yet decided to attend GPUG Summit, yet would find value in participating in the Member Marketplace, there is still time to register! 

Even if you are not presenting, make plans to stop by the Member MarketPlace while perusing the Expo! You might be surprised to learn that some of your household, brand-name items also use Microsoft Dynamics GP AND are GPUG Members! You can also explore booths hosted by AXUG, CRMUG, and NAVUG User Members.  

We are excited to feature our GPUG User Members and look forward to seeing you at GPUG Summit 2015!

There is a known issue with MR that occurs after applying Security Update for Microsoft Windows (KB3059317), that was released in June 2015. If you try to export reports or click File | Open, MR will crash. This has been fixed in CU13 (2.12.13001).

If you are not able to upgrade to CU13 immediately, you can work around this by using the keyboard to navigate the windows, instead of using mouse clicks.

The Affordable Care Act is a hot topic and #MSDYNGP customers to really need to educated about the rules.  Partners need to have the conversation with their customers now.  Here are some more insights about ACA.

Pam

Affordable Care Act Questions Answered

 by Chris Hadden, CPP

Technical Sales Manager, Greenshades Software

I’ve never heard so many news stories before that directly relate back to what I talk about on a daily basis. The Affordable Care Act is no secret. Everyone has heard of it by now, but many businesses have yet to fully consider what impact it will have on them. At Greenshades, we’ve spent the last 20 years working with Payroll, HR, Benefit, and financial users on a daily basis, however, rarely before have we talked with them all at the same time. ACA impacts everyone in an organization, but it presents significant challenges to these departments and takes team building to a new level. With so much data needed from so many departments and records, many running different systems and databases, ACA is a huge challenge for any business. 

For the past 12 months I’ve been running a series of webinars and presentations geared around the Affordable Care Act, which has allowed me the opportunity to speak with hundreds of companies around the country, all of whom have varying levels of familiarity with the Affordable Care Act. One thing they have in common though is that they are all very scared. If there wasn’t enough fear in the heart of businesses around the country already, the IRS just kicked it up a notch by recently increasing the penalties for non-compliance. After talking with so many of these Dynamics users over the past year, I’ve seen a number of reoccurring questions.

Is it too late? What about historical information?

Any employee who works more than 30 hours of service per week or 130 hours of service per month over the course of their measurement period is considered a full-time employee for the purposes of ACA, so historical data is essential. The form 1095-C issued to these employees also presents complications because a historical offer of coverage needs to be tracked continuously throughout the year to have a full scope of what to report on the form 1095-C at year end. It’s important that any business react as soon as possible because this is no time to give up and hide. By pulling historical payroll and HR data from Microsoft Dynamics, Greenshades is able to calculate the full-time status for employees and capture historical coverage details, with minimal edits. The longer you wait, however, the more complicated this becomes.

I want to go green. What electronic options does the IRS ACA offer?

The IRS offers various ways to go paperless; some voluntarily and some mandatory. Any business that is filing more than 250 1095-C records to the IRS must file the 1094-C transmittal electronically. Even if a business has less than 250 records they can optionally file electronically with the IRS. Please note, if you already have a Transmittal Control Code (TCC) for filing other 1099s electronically, in order to file the 1094/1095 electronically you must register for a new TCC with the Affordable Care Act Information Reporting (AIR) program. By using the Greenshades applications however you can avoid this registration process, giving you one less headache to deal with. The IRS also allows the 1095-C form to be issued electronically to the recipient so long as the recipient explicitly agrees to receive this form electronically. The Greenshades Year End Forms module will track this consent process for you, saving you both time and money this January by avoiding the need to print and mail paper 1095-Cs to recipients.

Our employees have enrolled in self-insured plans, can you help?

Self-insured coverage leads to some additional challenges with the Affordable Care Act, but nothing that cannot be tackled with the appropriate resources. Because self-insured companies will not have an insurance carrier to issue a form 1095-B to all covered individuals, an employer that offers health coverage through an employer-sponsored self-insured health plan must complete form 1095-C, Parts 1, 2, and 3, for any employee who enrolls in the health coverage, whether or not the employee is a full-time employee for any month of the calendar year. Part 3 includes information on which dependents were covered throughout the year. This means that a business must take additional steps in ensuring that dependent election data is collected and stored throughout the year. Coverage offered to non-employees must also be reported, however, this will be reported on form 1095-B.

An employer that offers employer-sponsored self-insured health coverage but is not an applicable large employer subject to the employer shared responsibility provisions under section 4980H, should not file forms 1094-C and 1095-C, but should instead file forms 1094-B and 1095-B to report information for employees who enrolled in the employer-sponsored self-insured health coverage.

Greenshades has full support for employers with self-insured plans, and will support both the form 1094/1095-C, as well as the 1094/1095-B. Greenshades will also assist in tracking and storing the dependent elections throughout the year making completion of 1095-C Part 3 a breeze at year end.

What versions of Dynamics can Greenshades help with?

Greenshades offers support for multiple versions of Dynamics (GP, SL, AX and NAV), including versions of Dynamics no longer officially supported by Microsoft (such as GP 10.0, or GP 2010 as of October 2015).

I’m not processing Payroll in Dynamics. Is that a problem?

Many businesses who outsource their payroll have come to the unpleasant truth that their payroll providers may not be offering any support for the Affordable Care Act, unless they are prepared to use a large amount of financial and personnel resources to implement an entire Human Resources suite. Not to worry, Greenshades can help. Greenshades offers an Excel template that can be used at year end for populating employee and coverage details, which will be used for populating form 1095-C or 1095-B in January. Greenshades will assist with the electronic reporting to the IRS as well.

The IRS tells me I’m part of an Aggregated ALE Group. Can Greenshades help with that?

As a business associated with an Aggregated ALE Group, it’s key that employee level data is properly accessible and tracked throughout the year, especially if you have an employee who works across multiple employer groups. Any hours of service accumulated throughout the measurement period for the employee must be aggregated across all of the reporting companies. Just because the employee does not work more than 30 hours of service per week in any one particular company, it does not mean the employee is not a full-time employee. In addition to tracking employee hours across multiple companies, the companies in question must also work together for reporting the form 1095-C at year end to determine which company should be responsible for reporting in January. Greenshades provides businesses the ability to setup Aggregated ALE Groups to make employee tracking very manageable throughout the year and all required logic will be applied by Greenshades reporting at year end to keep you and your business in compliance. 

DCI Academy is excited to announce a new distance learning opportunity for Microsoft Dynamics GP Partners.  Just before and right after reIMAGINE 2015 Microsoft and DCI Academy are offering 7 incredible training opportunities.  These live instructor-led classroom training opportunities will be taking place in Fargo but will also be available to Dynamics GP Partners virtually.

Register for these training courses and you can learn from the comfort of their own desk.  http://www.dynamicspro.org/academy

Pre-Conference Virtual Training

DCI ACADEMY: Core Certification Series Training

In an effort to assist Microsoft Dynamics® GP Partners in meeting the Dynamics Pro certification requirements, DCI Academy has developed a series of Dynamics GP Core Certification classes. These DCI Academy classes will provide GP Partners with the most recent Dynamics GP certification exam information to assist in obtaining a certification. The DCI Academy Series will include "chunk" sized classes on Dynamics GP Core Financials and Dynamics GP Core Installation & Configuration.

DYNAMICS GP 2015 CORE FINANCIALS REFRESHER COURSE                                           Register Here

• Sunday, September 20 | 10:00 AM - 2:00 PM
• Cost: $399

This class will provide students with an all-up review of Dynamics GP 2015’s Core Financials topics. This class is designed for individuals that are at an intermediate to advanced level with their Dynamics GP Financials knowledge and are looking for a refresher course focused on the topics needed for Association of Dynamics Professional Core Certification.

Learning Objectives: Understand and refresh your knowledge of Dynamics GP 2015 Core Financial components to assist in the GP 2015 certification process.

DYNAMICS GP 2015 CORE INSTALLATION & CONFIGURATION REFRESHER COURSE    Register Here

• Sunday, September 20 | 10:00 AM - 2:00 PM
• Cost: $399 

This class will provide students with an all-up review of Dynamics GP 2015’s installation and configuration topics. This class is designed for individuals that are at an intermediate to advanced level of Dynamics GP installation and configuration knowledge and are looking for a refresher course focused on the topics needed for Association of Dynamics Professional Core Certification.

Learning Objectives: Understand and refresh your knowledge of GP 2015 Installation & Configuration components to assist in the GP 2015 certification process.

Post-Conference Virtual Training

Microsoft Jump Start Training Series

This training, delivered by Microsoft will take place on Wednesday, September 23 and Thursday, September 24 and is designed to provide in-depth product education in an interactive, hands-on setting for individuals who are NEW to Microsoft Dynamics GP.

JUMP START:  GP 2015 INSTALL & CONFIGURTION                                              Register Here

• Class Run Time: Wednesday: 1:00 pm - 5:00 pm CT - Thursday: 8:00 am - 12:00 pm CT
• Level: 100
• Cost: $299

Are you a new Dynamics GP consultant? In this training, we will give you a jump start on installing and configuring Dynamics GP from an IT perspective. This training will include the following:

• Installing as well as upgrading
• SQL Install and Setup
• Deployment to Web Client
• Deployment on Azure
• Setup integration to Office 365 ◦Setup Emails
• Web Client

Microsoft Advanced Training Series

This training, delivered by Microsoft will take place on Wednesday, September 23 and is designed to provide in-depth product education in an interactive, hands-on setting for individuals who have prior knowledge of Microsoft Dynamics GP.

Advanced Workflow Training                                                              Register Here

• Class Run Time: Wednesday: 1:00 pm - 5:00 pm CT
• Level: 300
• Cost: $299

The new Dynamics GP Workflow is flexible, innovative and valuable. In this training, we will go deep into deployment and configuration concepts for Workflow. This training will include the following:

• Deployment
• Active Directory Setup and Troubleshooting
• Setup/Configuration
• Administration
• Approval
• Troubleshooting

Management Reporter Training                                                                      Register Here

• Class Run Time: Wednesday: 1:00 pm - 5:00 pm CT
• Level: 200
• Cost: $299

Management Reporter has a lot of deep functionality in regards to reporting with Analytical Accounting. In this training, we will dive deeper into the setup of Analytical Accounting, and how we can take advantage of Analytical Accounting data with Management Reporter. Additionally, we will provide recommendations on how to troubleshoot your reports. This training will include the following:

• AA Setup
• Bringing budget data into reports
• Budget vs. Actual reporting
• MR Viewer setup and configuration
• Common Support Issues

US Human Resources & Payroll for Advanced Users                                Register Here

• Class Run Time: Wednesday: 1:00 pm - 5:00 pm CT
• Level: 300
• Cost: $299

This training will cover advanced topics for Human Resources and Payroll, including the new functionality that has recently released. This training will include the following:

• Affordable Care Act
• Self Service Functionality
• Troubleshooting Common Problems
• Time Management Application Setup and Using

I surely hope that no #MSDYNGP customers need audit tracking, but in the real world bad things happen.  Good insights by Liz on how to protect your business.

Pam

Audit Tracking in Microsoft Dynamics GP –Should You Be Doing It?

By Liz Giancarli-Piteo, VP of Business Development, Fastpath

The quick answer is yes. Many Dynamics GP Users don’t realize they should be using some sort of Audit Trail tool with Dynamics GP. Because they haven’t experienced a reason to need audit tracking, they don’t see a need for it.

Think back to your childhood. Before you heard the story about the Monster under Your Bed – you weren’t scared of monsters. You were blissfully unaware. The same holds true for many Dynamics GP users. If you haven’t experienced fraud, embezzlement, or just general annoyance of things changing in the system and you have no idea why, then you probably don’t see the need for audit tracking.

If you don’t have the budget to invest in an audit tracking tool, or the time to have someone look at the data, then you should think about putting other controls in place. For instance, if there are two people in your accounting department, you can set it up so they are checking each other’s work. Or, use Positive Pay with your bank.

If nothing else, take a look at Activity Tracking, which is native in Dynamics GP. When it's enabled Activity Tracking lets companies track a list of different activities, including when users logged into the system and when they logged out; when someone tried but failed to log in because of an incorrect password; and when a user created a new master record or deleted a master record.

If you decide to audit GP, auditing transactions in Dynamics GP is not something that should be taken lightly. There can be major business and system performance consequences for making a wrong choice. Many things should be taken into consideration when setting up audit trails. No matter which audit trail tool you use, be sure to think about these five things:

1.Audit only what is necessary - One of the keys to the successful use of auditing software is setting it up correctly.

2.Involve the business process owners (BPOs) – Make sure your IT team is communicating with your BPOs during the set up process.

3.Performance – If you incorrectly set up audit trail software, it can hurt the system performance. Often, we hear people say “I just want to track everything”

4.Report and Review – What good is an audit trail solution if you never review the reports?

5.Data Maintenance – Audit trails create data and that data needs to be stored and maintained.  Make sure you develop a retention policy for your audit trail data.

For more information about Audit Trail from Fastpath, visit our website.

Hi Dynamics GP users!

Do you need help to set up an EFT and Electronic Reconcile configurator file?   I just wanted to pass along the KB articles that we have available to help you set up these configurator files and provide troubleshooting tips as well.  Please bookmark these articles for future use:

ELECTRONIC RECONCILE (For Bank Reconciliation)

• KB 2872105 - Steps to modify the BAI file format in Electronic Reconcile in Microsoft Dynamics GP

• KB 851279 - How Transactions are Matched n Electronic Reconcile for Microsoft Dynamics GP

• KB 850751 - Setup information for Electronic Reconcile Format Configurator

EFT FOR PAYABLES/RECEIVABLES:

•  KB 945955 - Guidelines to follow when you generate EFT files or EFT prenote files in Electronic Funds Transfer for Payables Management or Receivables Management (and Q&A)

•  KB 2956922 - Custom Data fields for Electronic Funds Transfer (EFT) formats in Microsoft Dynamics GP

•  KB 857497 - Payables EFT Standard ACH format

SAFEPAY:

• KB 850752 - Steps to set up the SafePay Configurator in Microsoft Dynamics GP

LOCKBOX (FOR RECEIVABLES)

• KB 858289 - Fields you must map when you set up a bank lockbox file in Microsoft Dynamics GP

• KB 856094 - How to use the bank account number and bank routing number instead of the Customer ID in Lockbox Processing

ADDITIONAL:

 • Microsoft's Support policy also states that we will help with one field or error message per support incident.  Please click on KB 850201 to read the support policy guidelines for configurator files and when it becomes a consulting engagement.

 • If you would like to inquire on a customization or assistance to set up the entire configurator file, please send an email to the NA Partner Assist alias at Napa@microsoft.com to inquire on a billable consulting engagement.   Partner Advisory Hours (PAH) are the only form of currency accepted for consulting services.  To use your Partner Advisory Hours, click HERE and log in with your MPN account and click on 'Submit a request now'. 

I hope these resources will be helpful to you now and in the future.  I welcome any feedback or suggestions you have on these articles.  Thanks.

Thank you,

Cheryl Waswick

Microsoft Dynamics GP - Applications Support Team

(additional query words: safe-pay, Safe Pay, positive Pay, .bai, .dat )

Infinia Integrator Version 7: Time to Re-Imagine

Yes, it’s time again for reImagine 2015, the ultimate Microsoft Dynamics GP partner event. Last year’s inaugural re-launch of a Dynamics GP partner event in Fargo, North Dakota was outstanding. As I look back, the highlight was Doug Burgum’s keynote address. His unique perspective of looking to historical events and people drove home the conference theme: how to reImagine ourselves, services and products.

Another memorable moment was speaking with an existing user in which she described her success with the Integrator: “Our entire accounting department who uses the Integrator GL and AP absolutely loves Integrator and cannot imagine being without it.”

Infinia Integrator gained its reputation from the copy-paste function for a single journal entry, when it launched in 2007. From there, a feature set was built out and makes the Integrator indispensable for those who have tried the product. The Integrator now includes 14 modules and continues to grow. New features and modules you’ll see in Version 7 include:

• A “reimagined” look at data conversions for existing customers updating their system or for new customers to Dynamics GP.

• Added ability to copy-paste Master Records from Excel to Dynamics GP for GL posting accounts, AP vendors and AR customers.

• A Conversion Start-Up Suite, which includes a 240-day license of the most popular modules – GL, AP, AR and Master Records.

   Infinia Integrator is a product that people love. The copy-paste-import functionality saves users hundreds of hours with the unique on-screen, color-coded data validation. There is much more to discover with Infinia Integrator and how it makes life easy. I am looking forward to seeing all of the Dynamics GP partners at reImagine 2015. Please visit the Infinia Integrator website for more information and product demonstrations.

   

  Tom Myers is the IP Practice Leader for Sikich, a leading professional services firm that specializes in accounting, technology and advisory services. Sikich partners with the world’s top business solution providers to deliver leading ERP solutions, and is well-versed in ERP implementation failure and recovery, business consulting and cloud implementations. Ranked as one of the country’s 35 largest accounting firms, Sikich is the ninth-largest value-added technology reseller nationally.

Hello -

We've noticed a couple of errors recently, while upgrading to later versions of Microsoft Dynamics GP such as Microsoft Dynamics GP 2015 R2, Microsoft Dynamics GP 2015 and Microsoft Dynamics GP 2013 R2 and therefore wanted to get some information out to you, in order to allow you to be pro-active in fixing these issues before you attempt the upgrade process.

>>The first error we've seen is the following:

Error Explanation:
Utilities cannot resolve this error. This number represents a native SQL error number.Microsoft Dynamics GP Utilities cannot resolve this error.
Additional Information:
[Microsoft][SQL Server Native Client 11.0][SQL Server]Cannot insert the value NULL into column 'SEQNUMBR', table 'XXX.dbo.UPR00111'; column does not allow nulls. INSERT fails.

Normally, this error is caused by having an employee ID record (EMPID_I) existing in the HRPBEN02 company table, that doesn't have a corresponding record in the UPR00111 table. Because of this, a NULL value is returned, which causes this error message.

To check for these inconsistencies, you can run the following script:

/*Check for BSSBEN02 inconsistencies*/
SELECT HRPBEN02.DEX_ROW_ID AS [HRPBEN02 DEXROWID],
UPR00111.DEX_ROW_ID AS [UPR00111 DEXROWID],
HRPBEN02.EMPID_I,
HRPBEN02.BENEFIT,
UPR00111.SEQNUMBR,
HRPBEN02.PRIMARY_I,
HRPBEN02.BENEFICIARYPERCENT_I,
Isnull(APR_HRPBEN02.Status, 0) AS Status,
Isnull(APR_HRPBEN02.STSDESCR, '') AS STSDESCR,
Isnull(APR_HRPBEN02.APR_Status_Change_Date, '1900-01-01') AS APR_Status_Change_Date
FROM HRPBEN02
LEFT OUTER JOIN APR_HRPBEN02
ON HRPBEN02.EMPID_I = APR_HRPBEN02.EMPLOYID
AND HRPBEN02.BENEFIT = APR_HRPBEN02.BENEFIT
AND HRPBEN02.IINDEX_I = APR_HRPBEN02.IINDEX_I
LEFT OUTER JOIN UPR00111
ON HRPBEN02.EMPID_I = UPR00111.EMPLOYID
AND HRPBEN02.RELATIONSHIP = UPR00111.RELATIONSHIP
AND HRPBEN02.FFIRSTNAME_I = UPR00111.FRSTNAME
AND HRPBEN02.MI_I = UPR00111.MIDDLEINITIAL
AND HRPBEN02.LLASTNAME_I = UPR00111.LASTNAME
AND HRPBEN02.DEPSSN_I = UPR00111.DEPENDENTSSN
AND HRPBEN02.DATEOFBIRTH_I = UPR00111.BRTHDATE

This SELECT statement is actually part of an INSERT statement that is running during the upgrade. All the records 'selected' by this statement are then attempted to be inserted into the new BSSBEN02 table. If there are any problem records, you'll see the Dex_Row_ID value of the invalid record(s). Usually, the EMPID_I column, at the top of the script results, will be empty or invalid.

When the invalid records are found, they then need to be deleted from the HRPBEN02 table.

>>The second upgrade error we've seen is this:

if exists (select name from sysobjects where name = 'HRPBEN02' and type = 'U') begin INSERT INTO [dbo].[APR_BSSBEN02] ([EMPID_I] ,[BENEFIT] ,[SEQNUMBR] ,[PRIMARY_I] ,[BENEFICIARYPERCENT_I] ,[Status] ,[STSDESCR] ,[APR_Status_Change_Date]) ( select HRPBEN02.EMPID_I, HRPBEN02.BENEFIT, UPR00111.SEQNUMBR, HRPBEN02.PRIMARY_I, HRPBEN02.BENEFICIARYPERCENT_I, ISNULL(APR_HRPBEN02.Status, 0) as Status, ISNULL(APR_HRPBEN02.STSDESCR, '') as STSDESCR, ISNULL(APR_HRPBEN02.APR_Status_Change_Date, '1900-01-01') as APR_Status_Change_Date from HRPBEN02 left outer join APR_HRPBEN02 on HRPBEN02.EMPID_I = APR_HRPBEN02.EMPLOYID and HRPBEN02.BENEFIT = APR_HRPBEN02.BENEFIT and HRPBEN02.IINDEX_I = APR_HRPBEN02.IINDEX_I left outer join UPR00111 on HRPBEN02.EMPID_I = UPR00111.EMPLOYID and HRPBEN02.RELATIONSHIP = UPR00111.RELATIONSHIP and HRPBEN02.FFIRSTNAME_I = UPR00111.FRSTNAME and HRPBEN02.MI_I = UPR00111.MIDDLEINITIAL and HRPBEN02.LLASTNAME_I = UPR00111.LASTNAME and HRPBEN02.DEPSSN_I = UPR00111.DEPENDENTSSN and HRPBEN02.DATEOFBIRTH_I = UPR00111.BRTHDATE) end
/*
/* Date: 09/09/2015 Time: 14:43:57
SQLSTATE:(23000) Native Err:(2627) stmt(140445568):*/
[Microsoft][SQL Server Native Client 11.0][SQL Server]Violation of PRIMARY KEY constraint 'PKAPR_BSSBEN02'. Cannot insert duplicate key in object 'dbo.APR_BSSBEN02'. The duplicate key value is (5928 , LIFEAD , 37732352).*/

This is the error we get when a person(s) is listed in the HRPBEN02 table as both the primary and secondary beneficiary for the same benefit, for the same employee ID, which Utilities doesn’t allow.

 If we run this script, it helps find the duplicate records, which we then normally just have to remove the records for the secondary beneficiary, i.e. PRIMARY_I value is 0 (zero) meaning secondary whereas 1 means it is the primary beneficiary, from the HRPBEN02 table as well.

 select EMPID_I, BENEFIT, RELATIONSHIP,FFIRSTNAME_I, MI_I, LLASTNAME_I, DEPSSN_I, DATEOFBIRTH_I from HRPBEN02
group by EMPID_I, BENEFIT, RELATIONSHIP,FFIRSTNAME_I, MI_I, LLASTNAME_I, DEPSSN_I, DATEOFBIRTH_I
Having COUNT(*) > 1

>>The third upgrade error that we've seen is when using Analytical Accounting for Microsoft Dynamics GP, if you have a Dimension Description named 'Asset ID', the upgrade will fail since the new list has a column already named 'Asset ID'.

When we run into this issue, we've found that we can work around it by changing the Dimension Description to have no spaces in it, such as using this script:

UPDATE AAG00400 SET aaTrxDimDescr = 'AssetID' WHERE aaTrxDimDescr = ‘Asset ID’

You also cannot have any duplicate descriptions in this aaTrxDimDescr column, in the AAG00400 table, for different records, otherwise this table will fail the upgrade as well.

If you run into any of these errors during an actual upgrade of Microsoft Dynamics GP, once you resolve the data issues causing the error to occur, remember to run the following script before launching Dynamics GP Utilities again and continuing with the upgrade:

Delete DYNAMICS..DU000030 where Status <> 0 and Status <> 15

 

Here are a few additional links to blogs regarding Upgrade Issues to Microsoft Dynamics GP 2015:

Microsoft Dynamics GP 2015 R2 - Known Upgrade Issues

Conversion failed when converting the varchar value 'XXXXX' to data type int.

If we encounter any additional Upgrade issues, we'll add to this blog so that we can keep all of the information in one place, making it easier to find and resource, especially with the year-end and tax updates coming around the corner for Microsoft Dynamics GP.

Good Luck with your upgrading!!!!!

Mastering Multiple Currency Accounting

As we transact globally, we need to be able to bank in and transact in a variety of currencies. This is an overview of how financial accounting systems work with multiple currencies enabled.

A base currency or functional currency is the default used by an accounting system within one company. Typically the base currency is the same as a country that the company is operating in. An American company would have US dollars as its base currency.

A company may need to transact in multiple currencies. These are referred to as foreign currencies or transactional currencies. The American company could also have Canadian and Euro set-up for transactions coming in from suppliers and clients in foreign countries. An example would be a sale to a client in France that wants to be invoiced in Euro.

The American company might also have bank accounts in Euro or Canadian dollars. The application needs to be set up so the system bank account has a currency that is identical to the physical bank. Then when banks are reconciled, the GL bank and the bank statement match.

Accounting information systems are smart enough to allow the bank accounts to transact in their foreign currencies but then to use the system exchange rates to show the correct balance sheet and income statement in US dollars.

Most accounting products support an easy feed or import of exchange rates directly into the foreign exchange table.

Foreign exchange gain or loss explained:

This is the amount that represents the change in currency between the time the sale was booked and the time the cash was received for the sale. If I sell a book for $10 Canadian at a time when the Canadian dollar is the same as the US dollar this would equal $10 US. If it takes two months for me to collect for the book and there has been a change in the exchange rate, then I have effectively lost or gained some extra money. The foreign exchange gain or loss is the booking of that profit or loss on the sale due to the extended collection time and the currency exchange rate change over that time. The same can hold true for purchase and payments.

Foreign currency revaluations explained:

The balance sheet at month-end needs to be trued up for the current exchange rate. Most financial systems will have wizard or features that easily revalue accounts. Accounts that need to be revalued are identified during the account set-up process.

With exchange rates on the move in 2015, use Accounting Systems with a high level of automation to handle foreign currency transactions.

All applications from Nolan Business Solutions support multiple currencies. www.nolanbusinesssolutions.com