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Showing posts from March, 2020

Dynamics 365 Business Central (BC) Growth is Insane!

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  The latest announcement coming out of the Dynamics Business Central (BC) Microsoft virtual event last month was the extremely rapid growth of the software. There are now over 10,000 customers using D365 Business Central cloud-based ERP software with a strong 125k on-premise base. That’s a 250% growth rate! The momentum for this product is amazing! It is no surprise with the amazing ease of use features, monthly subscription fees (not annual), fast implementation, and full integration with Microsoft Office 365 functionality.  To imagine what the software will be 5-10 years from now, let's assume we keep on the same trajectory for a 250% year-over-year growth. What does that look like in terms of numbers of users using BC Cloud? If you look at the graph below, at this current rate, BC will exceed 25,000 customers next year and be well over 100,000 customers by 2023. I believe based on what I am seeing and hearing from the market that this growth rate will continue for at least the

Reversing a Closed Year in Dynamics GP

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It's that time of year again.  The time where you need to close the year in Dynamics GP to roll forward balances but at the same time auditors are needing adjustments.  The steps below will assist you in reversing a closed year in Dynamics GP.  With the most recent versions of Microsoft Dynamics GP (2013 R2 and above), you have the ability to open previously closed years in Microsoft Dynamics GP. It is a fairly easy process and can be done by following the steps below. 1.   Get all users out of GP 2.   Make a backup of the company database 3.   Print an trial balance reports for verification (if needed) 4.   Reverse the historical year(s) - (Financial > Routines > Year-End Closing) Click to enlarge 5.   After  you have reversed the year, make sure and reconcile any open years starting with the oldest open year - (Financial > Utilities > Reconcile). *Note: Running this utility does not produce a report.  This step is