DynamicsGP
Microsoft Dynamics GP (short for Great Plains) is an on-premises enterprise resource planning (ERP) and accounting software solution from Microsoft. It’s designed primarily for small and midsize businesses (SMBs) and provides a full suite of financial and operational management tools.
While still supported, Dynamics GP is considered a legacy ERP. Dynamics GP is scheduled to be sunset in December 2029. Microsoft has shifted its focus toward Dynamics 365 Business Central (its modern cloud ERP). However, many organizations continue to use GP because of its and long-term familiarity.
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Dynamics GP MICR Check Printing: Secure AP Disbursements
Dynamics GP includes built-in MICR check printing functionality that allows organizations to produce secure, bank-compliant checks directly from the system. Using MICR fonts and specialized formatting, businesses can generate checks that meet financial institution standards without relying solely on pre-printed...
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Dynamics GP: Revenue Recognition
Dynamics GP offers flexible tools to support accurate revenue recognition in accordance with standard accounting practices. This is particularly valuable for businesses managing long-term contracts, progress billing, service agreements, and deferred revenue scenarios. Using modules such as Project Accounting and...
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Dynamics GP Allocations: Streamlined Distribution of Shared Costs
Microsoft Dynamics GP provides robust allocation capabilities that enable organizations to accurately distribute costs and revenues across departments, cost centers, projects, or business units. This functionality is especially important for allocating shared expenses such as rent, utilities, administrative salaries, and...
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Dynamics GP: Shared Chart of Accounts
Microsoft Dynamics GP supports a standardized and shared chart of accounts that enables consistent financial reporting across departments, divisions, and entities. This structured framework ensures uniform account naming conventions and classifications, allowing for seamless consolidation and cross-entity analysis.A shared chart...
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Dynamics GP Being Sunset?
Is Dynamics GP Being Discontinued? Microsoft has announced that Dynamics GP will continue to be supported, but they have indicated that new feature development is limited. Typically, support for a product like Dynamics GP includes regular updates and support for...
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Dynamics GP Unit Accounts
Unit Accounts In Dynamics GP, unit accounts are used to track non-financial data related to an organization. They allow for reporting measures that do not affect the financial statements such as square footage by department or number of personnel per...
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Dynamics GP Alternatives
Looking to migrate from Dynamics GP? For those considering migration from Dynamics GP, popular alternatives include: Sage Intacct: Known for its strong financial management capabilities and cloud-based flexibility. NetSuite: A robust ERP system with extensive functionality for various business needs....
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