Closing the fiscal year is a task generally performed after your auditor has received your trial balance, and perhaps after they’ve returned adjustments. There’s no requirement that the fiscal year be closed at a specific time, but once it’s done, you can’t reopen it or adjust the accounting periods. Follow these steps to close the…
Since the role of an architect is inherently creative, it is hard to put a price on every dash. However, to keep utilization and billable hours high, architects need to understand how much what they’re designing will cost so that they’re not setting client expectations too high or having to fix blueprints later. Homegrown or…
Enterprise Resource Planning (ERP) systems are the backbone of your organization, supporting and streamlining processes across the board. However, the intricate nature of these systems means that they require careful handling. A misstep in implementation can quickly escalate into a full-blown operational crisis. To steer clear of such pitfalls, it’s crucial to recognize the early…
The lifecycle of software is a critical aspect for businesses relying on technology solutions like Microsoft Dynamics SL. With Dynamics SL 2018 transitioning from Mainstream Support to Extended Support in January 2024, it’s essential for users to understand what this change entails and how it impacts their business operations. This shift marks a significant milestone…
The Dynamics 365 Warehouse Management (D365 WMS) application provides an excellent user interface to process inventory transactions. Historically in D365 WMS, if a user was limited to working in one menu item at a time. For example, if I am counting a large location, and am midway through the count, I need to finish the…
For project-driven organizations, every hour lost from designing or planning projects impacts the bottom line. Even so, many project-driven organizations still operate with a bevy of spreadsheets in a siloed environment. Homegrown or legacy solutions do not allow these organizations to consolidate and analyze data, stay on top of change orders, or collaborate effectively. Many…
This is the sixth post of a series discussing how Velosio can assist your company in completing a successful ERP implementation. If you want to review the other posts in the series or learn more about Enterprise Resource Planning (ERP) implementation and how Velosio can help, look at: Make Velosio Your ERP Migration and Implementation…
Microsoft Dynamics 365 Supply Chain Management now allows you to set up and print labels using the BarTender labeling solution. BarTender allows you to design your barcode, upload the label to the cloud, and print directly from Dynamics 365. Setting up the integration between Supply Chain Management and BarTender Cloud requires that you are running…
The ability to collect payments faster is more significant than ever. The economic landscape is increasingly volatile, with fluctuations in market conditions and currency values. This unpredictability makes it crucial for businesses to maintain a steady cash flow to ensure stability and resilience. Secondly, the rapid pace of technological advancements has raised customer expectations. Consumers…
Encountering hurdles in your ERP project journey is not uncommon. Perhaps the timeline has stretched far beyond what was planned, or costs are spiraling out of control. Maybe you are starting to question the capability of the software to meet your business requirements. Regardless of the unique challenges, the good news is, that it’s never…
