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Everything you need for tax season in Dynamics GP: Year-End Update and Close, 1099s, e-filing, and reversing fiscal close

‘Tis the season…tax season. But just because this is a yearly event, that doesn’t mean it’s all committed to memory. But that’s why we’re here. We’ve included the resources you need to resolve your 1099s in Dynamics GP—including information about year-end, reversing year-end, printing your 1099s, and e-filing!

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10 things you’ll love about Business Central after switching from Dynamics GP, part 1

There are lots of reasons why you should start to think about modernizing your ERP, but here are five tried-and-true benefits once you migrate your Dynamics GP to Business Central, the most modern, full-featured, and competitively-priced ERP application on the market.

Stay tuned for part two of this blog series for more reasons you’ll love Business Central after migrating from Dynamics GP!

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Use Dynamics GP Power Tools for easier administration

Winthrop Development Consultants offers a suite of tools that makes it easier to administer, develop, and work within Dynamics GP. GP Power Tools is an add-on product that allows system admins and developers alike to simplify a wide variety of processes and tasks. Let’s look at the three modules Winthrop provides.

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Fiscal Year-End here, again? Here’s your closing procedures refresher for Dynamics GP

As we all already know, our fiscal year-end doesn’t have to line up with our calendar year-end. In fact, many businesses have fiscal year-ends right around now—mid-year. If you’re thinking about closing procedures and don’t remember every step (we only do it once a year, after all), we’ve got you covered. Here’s your refresher for Dynamics GP fiscal year-end closing procedures. And stick around to the end of the blog for a few resources to jumpstart your close!

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Dynamics GP Feature Focus – Take a company offline

Sometimes, Dynamics GP needs to be taken offline to perform certain activities that are easiest with an empty system—such as regular maintenance, system updates, error fixes, and even year-end close. Luckily, version GP 2013 R2 and beyond have a feature that allows you to take the system offline, making these routine updates and fixes easier than ever.

Note that taking a company (or several companies—you can choose) offline only allows the offline administrator and other specified users to log into the company, but you can set a message to alert anyone who tries to access the system during that timeframe so they’re aware of the reason they aren’t able to login.

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Three ways to optimize your financial processes with Business Central

Business Central is a leading mid-market solution for businesses of all sizes that want their financial management software to do more for them – more automation, more collaboration between teams, more connected processes, and more insight into real-time data to make better decisions.

Simplifying financial routines is one of the biggest draws of an ERP, and Business Central comes fully featured with plenty of time-saving tools and modern additions that any team will appreciate.

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Email security changes are coming in October 2022 – How will this affect Dynamics GP users?

Beginning October 1, 2022, Microsoft will disable basic authentication for Exchange Online, making modern authentication the only possible authentication method for email functionality in Dynamics GP. This means that some companies might experience disruptions to their email and workflow functionalities in GP if basic authentication is still being used, which is often the case for those using older versions of GP. Enabling modern authentication opens the door to using multifactor authentication (MFA), as well, which we highly recommend (but more on that later).

Not sure if this affects you or what actions to take next? Read on, and hopefully we will be able to answer those questions.

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Join us this October at Community Summit North America 2022!

Community Summit NA is a once-a-year chance to gather with other Microsoft users in a space that encourages growth, collaboration, and knowledge sharing. There's something for everyone, and you'll leave feeling refreshed, inspired, and well-equipped to make real, positive change in your organization.

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What are the terminology differences between Dynamics GP and Business Central?

So you’re thinking about migrating from Dynamics GP to Business Central, but have a few questions you’d like to answer first—like, are they really that different from one another? Well, the answer is yes and no. We’ve started this blog and video series to help break down some commonly asked questions and points of concern when considering a migration, and we’ll talk you through some differences and similarities to be aware of as you plan for the migration process.

For the next video in this series, we’ll zoom in for a closer look at some of the small details that differentiate GP and Business Central, like the terminology that each system uses for certain functions and features.

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FAQ: Upgrading from Dynamics GP to Business Central

The story behind Business Central’s growth is steeped in Microsoft’s history, and it brings clarity to the movement that many Dynamics GP users may not be aware of: though Microsoft has several ERP’s—including Dynamics GP and Dynamics NAV—Business Central is now Microsoft’s premier midmarket ERP solution. Undoubtedly, if GP is near and dear to you, you will not be on board with a migration without first knowing the answer to this question: why should a business move from an ERP they are comfortable with (such as GP) and forge ahead with a new ERP?

We’ve compiled the most frequently asked questions, and our answers, on the subject.

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What are the high-level differences between Dynamics GP and Business Central?

Syvantis CEO, Janelle, hosts this video series covering just this question, the all-important, I’m already on GP. Should I migrate from GP to Business Central?

This episode is all about high-level differences, and in future videos, we’ll get to more granular details. We invite you to watch it, and we’ve compiled the major takeaways of the video below.

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What you need to know about the Dynamics GP 2021 Year-End Update

The Dynamics GP 2021 Year-End update is here, and can be installed to aid your end of year closing procedures.

Plus, join CPA and Syvantis CEO Janelle Riley for the 2021 GP Year-End webinar, where you’ll learn everything that you’ll need to know to easily and accurately close out your financial processes for all Dynamics GP modules. You won’t want to miss it.

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Preventing check fraud using Safe Pay in Dynamics GP

Although writing physical checks is slowly becoming a thing of the past, check fraud prevention is more important than ever. In 2018, the American Bankers Associated estimated that attempted check fraud surpassed $15 billion. So, what can businesses of any size do to buckle down on their financial security?

Utilizing Safe Pay features in Dynamics GP is an added layer of verification for outbound checks and payments. Once Safe Pay is set up, it’s quite straightforward to use, not to mention an easy practice to incorporate into the check running process.

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Connect with Syvantis at Community Summit 2021

This year, Community Summit is October 12-15 in Houston, Texas. We’re revving up for our trip! Are you? We’ve already written a blog about how to get the most out Summit, and we hope you add our booth and sessions to your calendar when you sit down to strategize your time. We’ve compiled a complete list of where you can connect with us at Summit—including our booth and sessions—and we’ve also got a little surprise for you. (Yes, it’s a giveaway!)

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Everything included in the Dynamics GP 2021 update (GP 18.4)

Microsoft has recently announced the features that will be included in the 2021 Year-End update to Dynamics GP, which will include the 2021 Feature release as well. Users should note that only the 2018 version of GP will be updated – GP 2016 received its last-ever update in June 2021, so it’s in your best interest to upgrade to GP 18 for continued use.

Here are the features coming to GP 18.4:

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The Future of Dynamics GP FAQ

Dynamics GP clients have many questions surrounding the future of Microsoft ERP and where Dynamics GP fits into that picture. We’ve put together some FAQs to help organizations understand the context of Microsoft’s messaging and give them the information they need to make informed decisions about their long-term ERP solution.

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