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Real-world Business Intelligence with Microsoft Dynamics GP
Real-world Business Intelligence with Microsoft Dynamics GP

Real-world Business Intelligence with Microsoft Dynamics GP: Become an expert at preparing reports using Dynamics GP quickly and efficiently

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Profile Icon Belinda Allen Profile Icon Mark Polino
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€18.99 per month
Full star icon Full star icon Full star icon Full star icon Full star icon 5 (1 Ratings)
Paperback May 2015 364 pages 1st Edition
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Arrow left icon
Profile Icon Belinda Allen Profile Icon Mark Polino
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€18.99 per month
Full star icon Full star icon Full star icon Full star icon Full star icon 5 (1 Ratings)
Paperback May 2015 364 pages 1st Edition
eBook
€32.99 €36.99
Paperback
€45.99
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Free Trial
Renews at €18.99p/m
eBook
€32.99 €36.99
Paperback
€45.99
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Renews at €18.99p/m

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Real-world Business Intelligence with Microsoft Dynamics GP

Chapter 2. Business Intelligence for the General Ledger

The General Ledger is the bucket that collects and holds data from every module of Dynamics GP. It can be used for so much more than just balance sheets and profit and loss statements. We encourage all Microsoft Dynamics GP customers to post everything but payroll into the General Ledger in detail. We recommend this because extracting data from the General Ledger is easier than extracting data from any other module.

What makes General Ledger (GL) data easier to work with is that all GL data contains the same format for transactions. Each line has either a debit or credit amount. There are no entries that need to have their type reviewed (for example, invoice vs return) to determine whether the amount should be a positive or negative amount. There is no need to determine if the document is still unpaid or paid. If it’s in the GL, it’s reportable (with the one exception of voided entries).

With detail in the GL...

Balance sheet dashboard

The first report we will build is a dashboard or visualization of some balance sheet items. Balance sheets have a lot of valuable information, but it takes a bit of concentration to read them and provide a real value. Putting this information in a dashboard will make the balance sheet a management tool, not just a bank or tax tool.

That said, the first report we are going to build is a very big report with many steps. In fact, it is very likely to be the most step-intensive report in the book; however, it has huge payoffs. We realize that this is a challenge right off the block. We considered a smaller report to start with, but upon reviewing it, we saw even greater benefits than when we began writing this chapter, so please do not feel intimidated when building this report. When you are through, you will understand why we love this report and how much Business Intelligence can be mined from your balance sheet and General Ledger!

Brief background of the company

This...

Ratio of AP to AR

Businesses need cash and cash flow to operate, so monitoring our accounts receivable (cash inflow) compared to our accounts payable (cash outflow) is critical.

Brief background of the company

We are still working with the company from the previous report. This company is a retail/distribution company that sells from their website, www.amazon.com, using an outside sales team (for bulk sales) and a brick and mortar store.

Pain or goal defined

To improve cash flow, this company needs to evaluate how many times the accounts receivable is being paid and regenerated during the course of a year, and how many times the accounts payable will be paid and regenerated during the course of a year.

Monitoring these numbers gives a more accurate depiction of what is happening with collections and cash flow than from simply looking at an AR or AP Aged Trial Balance. This review is more robust because it takes sales and purchases into consideration.

Having large profits on your profit and loss...

Summary

We are big believers that everything (except Payroll) should post in detail to the General Ledger. The more detail that is in the GL, the more information you can get out of it. The General Ledger is the easiest module from which you can obtain data, so if the details are there, you have the power to get it out.

In short, enter your work every day. Post your work every day, obtain information from your system every day, and you will have Business Intelligence!

In the next chapter, we’ll review the Bank Reconciliation module. Monitoring cash is essential for every business.

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Description

If you're a GP user, this book is aimed at making your job easier. How? Through the use of Business Intelligence (BI) provided by your Microsoft Dynamics GP software to aid you in making informed decisions. This book assumes no previous experience; however, a basic knowledge of Excel is expected.

What you will learn

  • Learn where and how to deploy an SQL View
  • Create PivotTables and PivotCharts using Excel
  • Design PowerViews in Excel
  • Use PowerPivot and PowerQuery in Excel for large data sets
  • Manage Receivables better through the use of Business Intelligence
  • Develop custom reports for your Microsoft Dynamics GP data
  • Manage products using Inventory Control and BI
  • Master how to use Excel Slicers, PivotTables, PivotCharts, PivotViews, Excel tables, Data Connections, and other Excel features

Product Details

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Publication date, Length, Edition, Language, ISBN-13
Publication date : May 30, 2015
Length: 364 pages
Edition : 1st
Language : English
ISBN-13 : 9781782177241
Vendor :
Microsoft

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Product Details

Publication date : May 30, 2015
Length: 364 pages
Edition : 1st
Language : English
ISBN-13 : 9781782177241
Vendor :
Microsoft

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Table of Contents

12 Chapters
1. What Is BI and What Are BI Tools for Microsoft Dynamics GP? Chevron down icon Chevron up icon
2. Business Intelligence for the General Ledger Chevron down icon Chevron up icon
3. Business Intelligence for Bank Reconciliation Chevron down icon Chevron up icon
4. Business Intelligence for Payables Management Chevron down icon Chevron up icon
5. Business Intelligence for Receivables Management Chevron down icon Chevron up icon
6. Business Intelligence for Sales Order Processing Chevron down icon Chevron up icon
7. More Business Intelligence on Sales Order Processing Chevron down icon Chevron up icon
8. Business Intelligence for Inventory Control Chevron down icon Chevron up icon
9. More Business Intelligence for Inventory Control Chevron down icon Chevron up icon
10. Business Intelligence for Purchase Order Processing Chevron down icon Chevron up icon
11. Miscellaneous Business Intelligence Chevron down icon Chevron up icon
Index Chevron down icon Chevron up icon

Customer reviews

Rating distribution
Full star icon Full star icon Full star icon Full star icon Full star icon 5
(1 Ratings)
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1 star 0%
Mark Polino Jun 01, 2015
Full star icon Full star icon Full star icon Full star icon Full star icon 5
I'm the coauthor of Real World Business Intelligence but the main driver behind this book is really Belinda. She's done a fantastic job of pulling together real work BI scenarios and solutions around Dynamics GP. I'm thrilled to have been a part.
Amazon Verified review Amazon
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