Acumatica vs. Dynamics SL : Project Setup
Microsoft Dynamics SL has always had a strong reputation for project accounting going back decades. Project Maintenance and the setup of the Project Controller module help define how Dynamics SL will function and is key to any successful implementation. Acumatica provides its users project functionality as well, so how do the main setup options compare with Dynamics SL?
Acumatica 2019 R1 Now Available
Acumatica has announced the 2019 R1 release is now generally available. This continues Acumatica’s commitment to enhance the product with two major updates a year. Platform usability, general business applications and industry specific enhancements highlight the areas in this release. Some of the improvements are highlighted below:
Acumatica vs. Dynamics SL : Project Allocations
Microsoft Dynamics SL has always had a strong reputation for project accounting going back to the Smith, Dennis and Gaylord (SDG) days. One area that was always a differentiator was the Allocator module. With the Allocator module users are able to calculate and post new transactions to post to the GL and to the project. These transactions may apply indirect costs, like fringe and overhead, calculate fees and revenue or create asset entries to WIP, CIP or Unbilled A/R.
So how does Acumatica’s functionality compare to Dynamics SL’s for project allocations? We take a look at some areas below:
Acumatica Summit 2019 Day Two
Jon Roskill, Acumatica’s CEO, started off Day Two focusing on Acumatica’s R&D initiatives, which can be carried out by the fact that 74% of all employees work in R&D. This focus is what makes Acumatica a fun company to partner with and the day was filled with a look at near and not too distant future.
Acumatica Summit 2019 Day One Recap
For those lucky enough to attend in person and pick up a stainless steel tumbler from Miir or a tasty dessert from Nothing Bundt Cakes, two Acumatica customers, attendees also got to see some exciting new features coming in Acumatica 2019 R1.
Acumatica 1099-MISC Form Update for 2018
If you are reporting non-employee compensation (NEC) in Box 7 of the 1099-MISC form you must provide payees with their copies AND file those forms with the IRS by January 31, 2019. Acumatica has released a customization to satisfy this 1099-MISC requirement that allow for the printing of 1099-MISC forms separately for non-employee compensation (NEC) (Box 7).
Dynamics SL Year End Updates for 2018
Microsoft has released the year end updates for the 2018 tax year for Dynamics SL. They include changes for 1099 and W-2 reporting to help comply for 2018 tax year regulations.
Dynamics SL 2018 CU1 Released
Microsoft has released Dynamics SL 2018 Cumulative Update 1 (CU1) and it is now available for download. Below is a summary of some of the enhancements:
Acumatica 2018 R2
Acumatica has announced the 2018 R2 release is now generally available. This update is focused on enhancements in response to customer and partner feedback, improvements that will help streamline operations and meeting compliance regulations like GDPR (General Data Protection Regulation). Some of the improvements are highlighted below:
Dynamics SL 2018 Is Now Available
On May 1st, Microsoft released Dynamics SL 2018 which includes new features, updates and fixes. In addition, SL 2018 will integrate with Microsoft Power BI, Microsoft Power Apps and Microsoft Flow. There are also new Web Apps available and Microsoft is planning on releasing Web App updates about once a month. They will also start releasing updates quarterly to the Dynamics SL application. We will highlight some of the updates here with more details to follow in upcoming posts.
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