GP Financials

Show Me the Money: Speeding Up Cash Receipts with Microsoft Dynamics GP

According to Reuters, poor management is the main reason for business failure, and poor cash management is probably the most frequent stumbling block. Watching the movement of money in and out of a business is one of management’s most pressing

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Microsoft Dynamics GP Enhancement Plans – Which Level is Right for You?

When it comes time to renew your annual Microsoft Dynamics GP Enhancement Plan, you have the option to choose between three plans:

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Excel Budgets – did you know?

Use the following tips to troubleshoot issues that may occur when you use Excel-Based Budgeting:

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GP Miscellaneous – did you know?

Did you know – you can rename SmartList fields in the regular SmartList – click on the columns name and type over the names in the display names portion of the window. With the information populated under the new name – drag the column heading to fit the data and save as a favorite. The Smartlist will fit across the window better

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Electronic Banking for Businesses

There are many, varied impressions and ideas of what electronic banking is and what it can mean to an individual or an organization. In the personal banking world, some people think about accessing a bank web portal to pay utility bills, schedule a recurring mortgage payment, or maybe schedule an amount to be transferred to a savings account each month. Others may think of having a pay check automatically deposited by an employer. Using a credit card to process a payment online is another common example.

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Consolidating Your Databases with Microsoft Dynamics GP and Binary Stream

Many companies today must decide if they can benefit from consolidating multiple company databases that have been added through growth or acquisitions. A client of ours, a flourishing medical and healthcare company, really needed to consolidate all their databases.

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Accounting: The Importance of Speed and How to Achieve It

There’s a saying attributed to the ancient Roman Seneca: If one does not know to which port one is steering, no wind is favorable. So we’ve known for thousands of years that we can’t plan without knowing our destination. It’s just as true that we can’t map our course without knowing our starting point.

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An insurance company was experiencing severe issues with their existing ERP software. They are a public, self-insurance pool providing liability and property coverage to municipal governmental entities. They needed a comprehensive accounting package to support their growing and emergent needs and selected the powerful accounting platform that only Microsoft Dynamics GP provides for their complex financial reporting.

They had been using an old mainframe system handling their claims and billing before implementing an industry specific software for insurance companies called Finys. This insurance software product suite is built to provide an operating platform for the carriers of property and casualty insurance. It also easily integrated with Microsoft Dynamics GP and met their needs for GAAP (General Accepted Accounting Principles) compliant by providing:
• Strong Financial Reporting
• Budgeting Capabilities
• Traceability for Audits, Security and Financial
• Ability to import Finys summary data into Microsoft Dynamics GP

Through the implementation of Microsoft Dynamics GP and its included robust, financial analysis tool, Management Reporter, the company’s reports for their 180+ members which formerly took all day to generate, now takes just minutes. The company is now enjoying many benefits by utilizing GP’s Reporting Tools, along with Microsoft Dynamics SmartList. They are now also able to eliminate manually entering ten key adding machine tapes which was very labor intensive. Standard GP edit reports allowed the users to stop using these ten key adding machine tapes in order to check totals. Now they spend less time keying and more time analyzing!

We would be very pleased to discuss an innovative solution for your growing business. With the year just beginning it is important to start it off right. The TM Group is here to help simplify and streamline your needs for 2013. Please contact The TM Group today at 888.482.2864, visit our website at or email

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Dynamics GP Year End Closing Procedures

It is that time of year! Many of you are getting ready to perform the necessary year end closing procedures for Microsoft Dynamics GP. There are numerous Year End Closing steps to perform and it’s hard to remember them because you only do it once a year.

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