Make This The Year Of Accounting

Keeping financial records for any type of business can be challenging at times and tax reporting can be downright confusing.  Accounting and tax rules seem to be ever-changing and when combined with the necessity to complete form after form, getting quarterly or annual reporting done properly takes most of your accounting team and more time than you have available.  Get a handle on your finances by replacing the wrong financial management software with the right one.

As your business grows, you will generate more and more data about sales, assets, losses, taxes, and other critical financial information.  All of these figures are important to recognizing profits and profit margins, tax liabilities, and the fiscal health of your business.  Entry-level accounting software and spreadsheets can only take you so far, and even with these solutions there is a risk for missing data, errors, and inaccurate reporting.  Save time and reduce the stress behind collecting and reporting these important financial figures by implementing an enterprise resource planning (ERP) solution.

Today’s ERP solutions provide a single source for all of your business data, including financial, supply chain, inventory, manufacturing, human resources and payroll, and more.  A single software solution is easier to learn and use than multiple specialty solutions.  Also, you can be confident that all of your business data is organized, in real time, within that ERP solution.  Better yet, you can customize your home screen to put the features and data you use the most at the front-and-center.  You can then monitor the metrics that are important to you and respond faster to trending data.

One of the most convenient features of a robust ERP solution, such as Microsoft Dynamics® GP, is the built-in business intelligence and reporting functionality.  This solution offers over 200 built-in report formats as well as the ability to customize your own specific reports.  You can quickly and easily print profit and loss statement, asset reports, and tax statements based on the real-time information that is already present within the system.  Instead of working overtime to manually compile data from specialty solutions, you can use your ERP solution to prepare quarterly, annual, or other financial reports, and email them to shareholders, upper management, banks, or other regulatory agencies.

Make this the year that you get accounting and financial reporting under control by replacing inadequate, entry-level accounting solutions with a robust ERP solution.  Contact MIBAR.net for more information about streamlining financial reporting by using an ERP solution.

By MIBAR.net, Microsoft Dynamics GP Partner in Greater New York

About MIBAR

MIBAR.net is an award winning Microsoft Dynamics GP and Microsoft CRM partner based out of New York City.  Since 1991, we have been a leading provider of industry specific ERP and CRM business solutions to small, growing and midsized businesses in the Food and Beverage, Wholesale Distribution, Manufacturing, Financial and Professional Services industries.

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