Unique Abilities of Financial Tools in Microsoft Dynamics SL (Solomon)

Financial management is the heart of any ERP system, and that is no less true of Microsoft Dynamics SL, the project-focused business management solution for project-driven organizations. Today we’re going to take a look at the flexibility that is delivered with the way the financial management tools are initially set up in Microsoft Dynamics SL.

If financial management capabilities are the heart of Microsoft Dynamics SL, the General Ledger module is the heart of the heart, as it were, and before you can start using the solution, you’ll need to set up the General Ledger. In the GL Setup window, you fill in account and batch information, and choose whether you want reference numbers to be automatically assigned or not. You can also select how long you want financial data to be stored in the system. Other tabs enable you to set up the General Ledger more specifically. The following tabs are available in the GL Setup window:

  • Master Company Info
  • Fiscal Info: Where you can define your fiscal year and fiscal periods
  • Currency Info
  • Chart of Acct Order
  • Budget Info: You can import budget information from a spreadsheet here
  • Posting Options: Here you can determine the ability of users to post transactions to closed fiscal periods

That is the main setup screen for General Ledger, and the compartmentalized tabs provide a lot of flexibility so that organizations can set up Microsoft Dynamics SL to work the way they need it to work for their unique ways of doing business. After setting up the General Ledger, you’ll next set up the following:

  • Chart of Accounts
  • Subaccounts Maintenance
  • FlexKey: Where you decide what can and cannot be viewed inside a subaccount or in other areas
  • Account/Subaccount Maintenance
  • Ledger Maintenance
  • Budget Maintenance

About MIG & Co.

MIG & Co. specializes in implementing and supporting industry leading financial and business software that offer the lowest total cost of ownership. Since 1998, our company’s passion is to empower organizations to automate business processes and maximize productivity.

Ready to learn How Microsoft Dynamics can help your business?

CONTACT US
CONTACT MIG & CO.
  • This field is for validation purposes and should be left unchanged.
Share This