Dynamics GP Can Be a Useful Accounting/GL Solution
July 12, 2019

Dynamics GP Can Be a Useful Accounting/GL Solution

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Microsoft Dynamics GP

Our company started to use Dynamics GP as a supplemental General Ledger software to coincide with our POS software Horizon Retail Solutions. We had a nightly feed sent from Horizion into Dynamics GP to track our accounting in our general ledger. Unfortunately, Horizon did not have a complete set of journal entries, so we have moved on from Horizon and Dynamics GP. Currently we are still paying license fees to have access to historical GL detail, but we will probably not continue that indefinitely.

Pros

  • As it's a Microsoft product, it's integrated closely with Excel. Every report can be easily exported to Excel.
  • Dynamics GP has a broad suite of options. You can use it as a complete ERP system if desired.
  • Lots of programs have native integration with Dynamics GP.

Cons

  • There's initially a high learning curve for the software. The user interface is not very intuitive.
  • I recommend hiring a consultant to help with integration and ongoing services. It's not a stand-alone product.
  • Dynamics GP gave us the visual look we needed into our Fiscal performance.
We moved from Epicor Eagle N Series to Dynamics GP as an accounting solution for our new POS system. I believe Dynamics GP has more options to create and present financial statements for a large company with many regions and districts. However, because of the weakness of our POS software, we decided to switch back to Eagle N Series. Eagle does have the option to integrate into Dynamics GP, which I hope is something I can integrate in the future.
I really liked the modern, clean interface that Dynamics GP has. I would recommend GP to any business that needs to produce comprehensive financial statements that can be easily distributed. I also recommend being selective when choosing a consulting firm to assist you with supporting Dynamics GP. The firm we selected had some employees who were very knowledgeable, and others who weren't as helpful, and it made all the difference in understanding how to use the software. One thing I did really like was that if I had a question I usually could find a YouTube video with someone walking through any process step by step.

Microsoft Dynamics GP Feature Ratings

8.0
Accounts payable
Not Rated
Accounts receivable
Not Rated
Cash management
Not Rated
Bank reconciliation
Not Rated
Expense management
Not Rated
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
8
Enterprise Accounting
8
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
9.0
Dashboards
Not Rated
Standard reports
Not Rated
Custom reports
9
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
10.0
Role-based user permissions
10
Single sign-on capability
10

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