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Financial Management Modules in Microsoft Dynamics SL 2015

October 30, 2015 1:54 am Published by

Microsoft Dynamics SL, the project-focused ERP solution for project-driven organizations, is a niche product, but it has all the financial management capabilities you expect out of a business management solution. The following modules come with the Business Essentials edition of Microsoft Dynamics SL:

  • General Ledger
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Currency Manager
  • Multi-Company

The General Ledger for Microsoft Dynamics SL has flexible capabilities that enable you to tailor it to the specific ways you do business. The Accounts Payable (AP) and Accounts Receivable (AR) modules are equally flexible in their setup. AP enables you to predict cash requirements and monitor payments so that they are only made one. AR enables you to actively manage your customer accounts and identify problems before they become problems.

The Bank Reconciliation module automates and simplifies your bank reconciliation process, reducing paperwork, eliminating tedious administrative tasks, and helping to ensure accuracy. Currency Manager enables you to track exchange rate fluctuations and determine your gains and losses when making or receiving payments in another currency. And the Multi-Company module has flexible and focused capabilities that enable you to set up multiple companies in one or more databases, then run processes, close books, and report results by company or in a consolidated company.

The Advanced Management edition of Microsoft Dynamics SL has all of these modules, and also the Cash Manager, which helps you take the guesswork out of cash accounting and gain instant access to your current cash balance. The module is automatically updated when batches are released by other modules in Microsoft Dynamics SL.

And finally, the Financial Statement Translation module is available a la carte for either edition of Microsoft Dynamics SL. This module enables you to isolate, evaluate, and eliminate the impact of currency fluctuations on your business operations. It can help you dramatically improve month-end close processes by performing necessary currency translations and automatically calculating gains and losses due to rate fluctuations.

About MIG & Co.

MIG & Co. is a professional consulting firm that specializes in the implementation of business management software solutions, including Microsoft Dynamics GP, SL, and CRM. We automate business processes to ensure that our customers work efficiently. MIG is a Microsoft Dynamics Gold Certified Partner.

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