Reporting-Central | Year-End Webinars

Reporting-Central has their last Year-End Webinar today at 2pm Eastern. If you haven’t closed the year yet checkout this refresher on year end and reconciliation.

Reporting-Central–The Closer 3.0

I see that Reporting-Central has released version 3.0 of The Closer, one of my favorite add-ons for Dynamics GP. Check out the new stuff on version 3.0.

Dynamics GP Land: Reconcile to GL Oddity

Christina Phillips found another oddity in the GP Reconcile to GL functionality. I’ve found plenty of them too which is why I push The Closer so much. Frankly, it not only does more, it’s better quality product for reconciling subledgers to GL.

Dynamics GP Inventory Balance vs. Inventory Value

Amy Walsh looks a the difference between Dynamics GP Inventory Balance vs. Inventory Value.

Don’t forget that if you have issues balancing inventory, the Historical Inventory Trial Balance (HITB) report is designed to match the GL. Also don’t forget that The Closer from Reporting-Central has an inventory option designed to help you figure out why Inventory doesn’t balance to the GL.

If you’re out of balance go look at The Closer and tell them you saw it here.

Solving Install Problems with The Closer

Dwight Specht has a nice look at the solution to some Install Problems with The Closer over at DynamicsCare. He seems to like The Closer as much as I do.

Year End Reconcile with The Closer

Year end finally forces many firms to reconcile subledger accounts to the GL. Yes, I know firms should be doing it all year long but many don't. To help with this, take a look at The Closer from Reporting-Central.com. The Closer is a reporting and reconciliation tool designed to identify where sublegers and the general ledger don't match and to highlight the relevant transactions making it easy to provide correcting entries. It's considerably more powerful than the AR/AP reconcile function in Dynamics GP and The Closer provides more subledger to GL reconciliation options including Inventory, Sales Order, Accrued Purchases, COGS, AR, AP and Cash. Even better, once everything is balanced for year end, it's easy to use The Closer to keep things in balance all year long.

Reporting Central and Reconciliation

You all know that I'm a big fan of reconciling subledgers to GL on a daily basis. The folks at Reporting Central showed me their new balancing reports designed to do just that. The cool thing about the reports is that they show why the two don't balance and what transactions cause the out of balance situation.

For example, on inventory balancing, there might be a section labeled GL or Inventory Subledger posted in wrong period or an indicator that the wrong account account was used along with specific transactions in each section. These go way beyond the AR and AP balancing functionality built into Dynamics GP and include reconciliations for AP, AR, Accrued Purchases, COGS, Sales and Inventory.

The reports are rended in Crystal Reports or SSRS making them easy to schedule and run.

It's time to stop whining that you can't balance and get control of your accounting department again. When you know what is causing out of balance issues you can step up and take action to prevent those issues from occurring.