Tag: accounting

IT for Accountants: What is RDP and why do I need it?

So, its 4pm on Thursday and you’re having an issue with payroll in GP. You’re not sweating it because you know that you have an amazing VAR who is going to get this all straightened out for you. You call in and get your consultant on the phone and they tell you they are going to use RDP to get on your machine and see what the problem is. You sit there confused but not wanting to let them know that you have no idea what’s happening. A million thoughts race through your head… “What’s RDP? Should I have this? Do I need it? Why don’t I know?” 

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Top 5 Reasons to Use Microsoft Dynamics GP Project Accounting

Microsoft Dynamics GP’s Project Accounting suite is a robust, highly configurable and flexible module which is fully integrated with other modules within the Dynamics GP product suite. The flexibility of configuration, setup and integration to other modules makes it an attractive choice for tracking financial data by contract, project and cost category. It allows you to maintain complete control over project costs and execution, while also maintaining control over project budgets. 

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5 Ways to get your ERP ready for an audit

As accountants the end of the year accounting is a big deal.  There are a lot of factors that go into the prep to make sure that everything gets accounted for prior to closing the books for a year.  The most important step to being audit ready is to be prepared.  Typically the documentation requirements for audits do not change year on year so you can use your documentation from the prior year as a guideline to get started.  Here are some steps that you can take to verify that you are ready to close your year as well as prepared for auditors to come in and evaluate your books.

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Disposal of a Fixed Asset in Acumatica Cloud ERP

There are usually two cases in which you would write-off an asset from your accounting books. As I’m sure we have all experienced, hard drives crash and laptops and desktop computers become more useful as paperweights than office equipment. In this instance, the asset is donated or placed in the “circular file” for disposal with no resale market value. This is probably the most common scenario. To remove the asset from your accounting records, you would normally have to create an adjusting journal entry that removes the accumulated depreciation and the original acquisition cost. If the asset is fully depreciated, then the entry is fairly straightforward.

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