Analytical Accounting is a tool that helps companies analyze, interpret, and create reports based on your company’s chart of accounts in Microsoft Dynamics GP. Using Analytical Accounting, they can better assess their company’s accounts. They can also store information which cannot be computed in monetary terms such as labour hours. They can enter detailed analysis information without resorting to segmental accounting. Companies can create budgets using analysis dimensions and compare their actual figures with budgeted figures.
With Analytical Accounting, companies can:
• Set up unlimited analysis dimensions.
• Enter analysis information for a group of analysis dimensions.
• Create budgets using the analysis dimensions you’ve set up.
• Perform comprehensive reporting by exporting analysis queries to Microsoft Excel.
Microsoft Dynamics GP customers can get greater flexibility and visibility to their financial data by whatever criteria they prefer through the Analytical Accounting module. The Analytical Accounting module that comes with the Starter Pack for Microsoft Dynamics GP and is a powerful tool that helps you analyze, interpret, and create reports based on your chart of accounts. Analytical Accounting can helps customers make better business decisions by giving them access to real-time information. Through this real time data, they can focus on the financial data they need by including or restricting report content dependent upon their organization’s reporting needs.
Companies can find and analyze transactions accurately across their entire organization with tight integration with all relevant Microsoft Dynamics GP modules like the following:
- General Ledger
- Receivables Payables
- Sales Order Processing
- Purchase Order Processing
- Grant Management
- Bank Reconciliation
Companies can also organize data hierarchically for multi-level reporting, and can generate multi-level reports more easily with wizard-driven inquiries that integrate Microsoft Office Excel and Dynamics GP SmartLists. Analytical Accounting facilitates easier data entry and includes functionality that reduces user error, improving analysis and reporting accuracy. You can define valid transaction dimension code combinations to prevent invalid combinations from being entered for a transaction.