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4 Benefits of Microsoft Dynamics SL Multi-Company Tracking

Written by John Peaceon Fri, Apr 05, 2019

multicompany trackingMicrosoft Dynamics SL Multi-Company Tracking

Microsoft Dynamics SL Multi-Company Tracking helps growing businesses manage complex transactions in a simplified yet powerful way. The Microsoft Dynamics SL solution has a strong reputation as a solution that’s easy to adapt and connect with other line-of-business applications. It’s also integrated seamlessly with the familiar Microsoft technology you already use in your organization.

If your business is suffering from the challenges of managing multiple companies with an inadequate system, you will be happy to learn that Dynamics SL has developed robust functionality in this area and has found a way to make it easy to manage. In this blog, we review how Microsoft Dynamics SL financial management capabilities in the Multi-Company module can meet the unique needs of your organization.

4 Benefits of Microsoft Dynamics SL Multi-Company Tracking:

  1. Powerful Reporting - Monitor, analyze, and report on multiple companies or functional divisions within your organization. Focused and flexible capabilities help you set up multiple companies, run processes, close books, and report results by company or in a consolidated company.
  2. Single or Multiple Databases - Configure Microsoft Dynamics SL Multi-Company to operate with several companies in a single database, multiple databases, or both. Bring your businesses together — whether centralized or decentralized and geographically disbursed — while automating time-consuming and error-prone tasks.
  3. Intercompany Transactions - Process transactions seamlessly and create due-from/due-to entries automatically to keep your intercompany transactions in balance. Companies in separate databases and locations can easily transfer intercompany general ledger transactions from one location to another so accounting entries are applied to the correct company while ensuring balanced sets of books.
  4. Centralize Your Cash Control - Assemble accounting and reporting into a single location or company, apply payments, write checks or take requisitions for subsidiary companies. This helps reduce duplicate efforts and training from location to location and maintains the inter-company balances between the subsidiary and the central companies for full reporting and tracking at the transaction level.

As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our Microsoft solutions provide employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use. Take the next step towards growth with Microsoft Dynamics SL in the cloud or on your servers—the choice is yours.

Contact us to learn more.

Another version of his blog was previously published on Accountnet’s Blog on January 16, 2018 - How can Microsoft Dynamics SL Multi-Company track companies easier in 2018

Photo courtesy of freedigitalphotos.net by "jannoon028"

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