One of the biggest issues in Manufacturing businesses is the lack of agility and efficiency. Like every other line of business, manufacturing greatly needs optimization in all the aspects of business, such as supply chains, financial management, materials management, among others. As an experienced business consulting firm, at ERP Consulting LLC, we have helped companies overcome these issues by implementing Microsoft Dynamics GP as an ERP Solution. The best thing about Microsoft Dynamics GP is that it comes in modules that are specially designed for every aspect and type of businesses. For example, in the manufacturing department, it offers comprehensive and powerful major features and add-ons that address [...]
Just how much are you spending on importation? Is it worth it? Starting a manufacturing or retail business can be tricky. You need to consider where you source your raw material supplies (manufacturing) and ready-for-sale products (retail). Clients who source materials from a different part of the globe are called Importers. They may experience miscalculation of pricing of goods the first time around because of improper cost accounting. As an importer, you should know that the cost of materials you buy is not the only amount you pay. There are other charges you may not know of yet. This is where the Landed Cost Formula comes in. What [...]
Businesses like ERP Consulting LLC, an expert on Dynamics GP in Pataskala Ohio, have become a great help for organizations wishing to adopt an ERP system. What is ERP and why are organizations very eager about it? The Typical Process In a typical business operation, when a customer calls for an order, it first goes thru the sales department, which then checks the inventory for product availability. If no product is available, it will contact the production department, which would check the inventory for the materials and buy the unavailable materials from a third party vendor. When the product is finished, the sales department will then deliver the [...]
Collections can be a really tedious process and, when mishandled, can cause a major financial trouble. Good thing, Microsoft Dynamics GP, a solution that we, at ERP Consulting LLC, a company that implements Dynamics GP in Pataskala Ohio, has a feature called Collections Management, a tool that will streamline collection process and reports. Here are some of the ways your company can benefit from the Collection Management system: 1. Decrease DSO Days Sales Outstanding (DSO) is a necessary statistic in determining your Accounts Receivable, the money debtors owe you. DSO determines your sales and how fast you get paid for it, therefore it’s a way to know how [...]
Go ahead and perform the wire transfer thru your bank. Then in GP use the manual check entry. After entering the date and vendor id select payment method of Cash. Enter the checkbook . After entering the amount you can click on the apply button and apply this payment against the invoice it is paying that is already in the system.
To correct postings to jobs in Key2Act job cost you will use the GL General Journal entry. You can use this to add costs to jobs, transfer from one to another or to remove the cost from the job. 1) To add a cost to a job – When you get to the product indicator select job cost then the job and cost code. A debit will increase the cost to the job. You will then select unbilled for the second line and select the GL account that the transaction had been posted. Probably would be a cost of goods sold or subcontractor. 2) To transfer a cost [...]
Microsoft Dynamics GP, the solution we promote here, at ERP Consulting LLC, a trusted consultancy firm that implements Microsoft Dynamics GP in Pataskala Ohio, is an accounting software and ERP solution that is designed to meet the needs of companies, especially the small and medium scales, to make their systems more efficient and help their business grow successfully. Microsoft Dynamics GP helps improve every aspect of your business, including financial management, supply chain management, reports, smart decision-making processes, and more. Microsoft Dynamics GP is packed with features, familiar and new, that meets all the needs of your business to grow and improve and that is why we, at [...]