Micro Force - Velosio Newsletter October 2022

With Autumn well underway and the holiday season approaching, now might be a good time if you haven’t already, to check out the latest releases and events you should be putting on your to-do list! Some of these include the release of the latest version of Dynamics GP, cost savings promotions, as well as an upcoming Lunch N’ Learn event later this month that can make your mundane monthly processes actually fun!

Dynamics GP Version 18.5 is Being Released

The official release of the next major Dynamics GP release, named version 18.5, is taking place this week, the week of October 3rd. This release will include new features as well as the changes required for 1099 forms for this coming year end.

Regarding the 1099 forms in this release, this version provides the ability to print Payables 1099 statements for vendors to meet requirements for year end 2022. Microsoft has added a built-in format with boxes and lines for the 1099-NEC form. Now, when you select to print the 1099-NEC form, you have the option of printing the form type one-wide with boxes. When this option is selected, the form will print on blank paper.

Scheduling of your update to version 18.5 should become a priority for your system, since this is a time sensitive effort due to 1099 forms having to be submitted by January 31, 2023. This is especially true for those of you who are still using Microsoft non-supported version of Dynamics GP, namely 2016, 2015, 2013 and 2010. To begin this project, email sales@micro-force.com and request a meeting with the director of our Dynamics GP upgrade practice.

We will be posting blog articles on these dates so that you can learn more about each new feature. If you have not seen our blog site our micro-force.com, located under Resource Library, this may be a good time to become familiar with it.

In addition to the 1099 updates, version 18.5 has the following features.

November 30: Summary Display in Bank Reconciliation for EFT

December 1: Account Category & Segment Look up Option

December 2: Add Batch Number & Source to Navigation List

December 7: Checkbook Register and Balance Inquiry revitalized

December 8: Payables 1099-NEC form prints with LINES and BOXES!!

December 9: Print Cash Receipts and email

December 14: Credit Card Payment post in Summary to Bank Reconciliation

December 15: Reprint Bank Reconciliation Posting Journal Options

December 16: Add Date Range to the Bank Transaction History Report

December 21: Inactivate Vendor Address Record

December 22: Auto posting to General Ledger from Payables when you use Transaction Level Posting

December 28: Print and email Purchase Order Processing Documents at the same time (Just like SOP)

December 29: Complete automation of Workflow posting thru email approval

December 30: Workflow Option for No Approval Needed

January 4: Enable View Workflow History on Reversing Journal Entries

January 5: Add time option to Scheduled Check Links (building from 18.3 feature)

January 6: Modern Authentication in Web Client

Enhancing Bank & Credit Card Monthly Reconciliations for GP

Many of our clients have found great value in their investment in the Advanced Bank Reconciliation module for your Dynamics GP system. If you are one of the many clients who still reconcile your bank statements in Excel, we strongly suggest that you attend the Lunch N Learn that we are hosting on Thursday, November 17th, starting at noon. Doesn’t being able to download bank transactions electronically from your bank, then hitting a key that will automatically match the majority of your reconciling transactions sound like fun! Well, that was what one of our users who uses this module has shared.

If you would like to get an idea of what this module can do to streamline this process, please view this three-minute video by clicking here.

Since we call this a Lunch N Learn, we will be sending the first dozen attendees who register and attend the session, a gift certificate to have your lunch on us.

So, enjoy your lunch on us, as you view the session! To register for this Lunch N' Learn, please click here.

A Microsoft Cloud Option - Dynamics 365 Business Central

As we have shared in our prior GP newsletters and annual business reviews, Microsoft has provided Dynamics GP clients a roadmap as well as a promotion to migration to their cloud solution, which is named Dynamics 365 Business Central (BC). Further info including videos that compare GP to BC can be found on the following page: Microsoft Dynamics 365 Business Central BC | Long Island NY (micro-force.com)

Microsoft’s initial promotion to be able to use Business Central instead of Dynamics GP for no more than what you pay for your Dynamics GP annual maintenance plan will no longer be available starting in Q3 2023. But we have been able to secure a little-known Microsoft promotion that can extend this opportunity to our clients till 2026. The promotion will permit users to receive a 60% discount off the $70 per user per month fee for the next four years. For a 10-user system, this would result into a savings of more than $5,000 a year. This promotion requires a minimal investment of $28 a month, to lock in to this 60% discount for the next four years. We are encouraging all Dynamics GP clients who are planning to migrate to the Microsoft cloud solution within this four-year period to enroll in this promotion before it ends on December 30th of this year.

To schedule a call to get questions answered about this offer, or to place your order for this promotion, please email sales@micro-force.com.