Intuit has released QuickBooks 2020 (also known as v20.0), which includes a bunch of new features and functionality that will help companies get paid and work faster than ever before, providing a powerful and flexible solution for your growing business. QuickBooks Desktop Pro, Premier, and Accountant 2020 Automated Payment Reminders: If you spend a lot of time…
Read MoreOctober 2019 Wave 2 Release – Dynamics 365 Business Central
For more Support or any industry customization for your Business Central environment, please call us at Tel. (855) 227-0700 or visit our website. Dynamics 365 Business Central provides a complete business application solution designed and optimized for SMB organizations. Since its launch in April 2018, Business Central has seen increasing adoption by organizations looking to…
Read MoreUnderstanding the Interim Cost of Goods Sold CGS Account in Dynamics 365 Business Central (COGS)
For more Support or any industry customization for your Business Central environment, please call us at Tel. (855) 227-0700 or visit our website. The purpose of the Interim COGS Account is to record inventory value that has shipped but has not been invoiced to the customer. It is an inventory asset balance sheet account, not…
Read MoreWindows 10 Enterprise Version 1703 Support Discontinuation
Microsoft will no longer be supporting Windows 10 version 1703 for Enterprise and Education as of October 9th 2019. It is strongly recommended administrators migrate workstations and personal computers to a more recent version of Windows 10. In order to check what version of Windows you are currently running, simply enter the system settings from…
Read MoreOrder to Cash (OTC) Process for the Microsoft Dynamics 365 Business Central system
While reviewing and comparing financial management systems to each other, many of our clients started by comparing the OTC process in the various offerings. Our OTC video will cover: Order Management Credit Management Order Fulfillment Shipping and Transportation Invoicing Accounts Receivable Collection Reporting (Cash-Flow) Although we attempted to keep our video brief and to the…
Read MoreQuickBooks Payroll – IRS Account Requirements – EFTPS – Fraud Prevention
The IRS is changing their password requirements for EFTPS which will affect you if you file your federal taxes electronically through QuickBooks Desktop. On September 19, 2019, the IRS will implement a 13-month expiration policy for EFTPS for those using QuickBooks Desktop to make their federal payments. To avoid having to change the password at…
Read MoreDynamics 365 Business Central – How to use Payment Methods properly in AR and AP
This video will describe the proper configuration and setup of the Payment Method in Accounts Receivable and Accounts Payable. The Payment Method functions in Microsoft Dynamics 365 Business Central can be used to auto create a payment record in the AR or AP module based on a posted invoice. This video will discuss the details…
Read MoreDynamics 365 Business Central – Inventory Adjustments with Serial and Lot Numbers – Costing Issues
Dynamics 365 Business Central, formerly known as Dynamics NAV, has a number of inventory valuation methods it supports including FIFO, LIFO, Average, Standard and specific (Serial No only). The system will update and maintain proper cost buckets for each inventory journal entry based on the valuation method selected for the given item. Some of our…
Read MoreDynamics 365 Business Central – How to process Cash Discounts and Write-Off in Accounts Receivable
Microsoft uses different terminology when describing write-off in the context of Accounts Receivable. Dynamics 365 Business Central (formerly known as Dynamics NAV) calls a Write-Off something slightly less frequently used in the US, specifically a “Payment Tolerance”. The system allows you control over whether payment tolerances are allowed at all. You can also control whether payment…
Read MoreIntuit Point of Sale – Version 18, Release 10 Available now
Intuit is releasing an update for their Point of Sale software that addresses a few issues that have been reported by the user base. For assistance with your Point of Sale product, please call us at TEL. (855) 227-0700 To download the latest code, please access: https://downloads.quickbooks.com/app/qbdt/products?productName=QuickBooks%20Point%20of%20Sale&edition=Point%20of%20Sale%20Pro&version=18&country=us The issues that have been addressed by this…
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