The latest from Alex’s blog

  • Accounting Cost vs. True Cost – Analyzing Costing in Business Central
    Overview In Microsoft Dynamics 365 Business Central (formerly Dynamics NAV), when doing costing and profitability analysis, you need to differentiate between a transaction’s True Cost and Accounting Cost. These terms will not appear on any official documentation or manuals, I made them up for a lack of better terms. To… Read more »
  • How to calculate COGS on Account Schedules (The CPA Way)
    Overview Sometimes, how a computer system does accounting will be different than how traditional accountants does accounting. One of the subjects that always come up for debate is how COGS (Cost of Goods Sold) is calculated. The Postings In Dynamics 365 Business Central, when a purchase of inventory is made,… Read more »
  • Quick Video on Closing the Year in Dynamics 365 Business Central and Dynamics NAV
    It’s that time of the year again. Close out the year! Most companies align their fiscal year to the calendar year so right around this time, we usually get a ton of support calls from people that forgot how to close the year end and need a quick refresher. So… Read more »
  • The One Huge Mistake You’re Making When Setting Up WMS for Dynamics 365 Business Central
    Overview I mentioned In my previous article that there are multiple ways of setting up warehouse management. In reality, however, there really are two ways: there’s the option of setting up your warehouse with Directed Pick and Put-away…and the wrong way. In almost all companies where bin location management (or… Read more »
  • Different Flavors of Warehouse Management in Dynamics 365 Business Central
    Overview Dynamics 365 Business Central (formerly known as Dynamics NAV) is a comprehensive ERP system. As such, it has many features that caters the different needs of businesses, for example, manufacturing, service managment, CRM, distribution, etc. Each one of these functional areas can be configured a number of ways depending… Read more »
  • Why you should build a healthy relationship with your data
    Overview Having worked with Dynamics 365 Business Central (Dynamics NAV) for years, one of the biggest concerns I have when working with clients is receiving a really big Excel file with a message saying “my numbers don’t match! Please match it up for me!” While I always love a good… Read more »
  • Importance of Testing
    Overview So, you’ve decided to switch to Microsoft Dynamics 365 Business Central and finished the hard work of development, migration, and training. Now you’re ready to go live, right?  But, I’ll bet there’s one thing you’ve unknowingly neglected. That’s testing the new software. After the implementer tells you that they’re… Read more »
  • How to Avoid a Mutually Assured Destruction While Implementing a New ERP System
    Overview While working with companies on ERP implementation (in our case, Microsoft Dynamics 365 Business Central), what I tend to notice more often than not is that companies know what they want to get out of ERPs, but not how to do it. The result is that managers create their… Read more »
  • Ways You Are Sabotaging Your ERP Implementation. Going Parallel.
    Overview A continuation of an article published last time. This is another one of the biggest causes of the owners/management causing the demise of their own ERP projects. Going Parallel Most proponents will state that going parallel is the safest way to ensure that if the new system doesn’t work,… Read more »
  • Ways You Are Sabotaging Your ERP Implementation. Setting Unrealistic Live Dates
    Setting Unrealistic Live Dates Overview Typically in an implementation, there will be a lot of moving parts. A lot of things has to go right for a successful implementation. If any of the key tasks don’t go right, no matter how small the task is, will cause havoc or delays… Read more »