When you think about using an ERP (Enterprise Resource Planning) solution most people think of software that is responsible for financial transactions and invoicing. A key aspect of modern ERP solutions that is often under-utilized or completely skipped is automated financial reporting. One of the reasons for this is that many companies do not take the time to map out their reporting needs or just think that they can keep doing it manually. This approach usually results in reports that are not only labor intensive to keep current, but very difficult to keep accurate due to human intervention.

When a company moves to automated reporting they benefit from accurate and timely information that no longer needs spreadsheet processing to be understood. By implementing Microsoft Dynamics^® GP and FRx for Microsoft Dynamics ERP companies can easily generate the reports that are so crucial to making their business operations more effective and to help make important business decisions.

For more information download this fact sheet from Microsoft and contact us to setup a demo to see how Microsoft Dynamics GP and FRx can streamline your financial reporting.

Small business owners often make simple accounting mistakes that can make the difference between a good and bad fiscal year. Here are three common errors entrepreneurs make and the lessons you can learn from them.

• Mistake No.1: You treat sales as revenue before the product or service is delivered.

When you make a sale, don't count it as income until you have delivered the product or service to the customer.

• Mistake No. 2: You don't consider the financial ramifications of a large purchase, such as equipment.

When making a major purchase, such as equipment, consider a short-term loan or leasing if purchasing with cash would put a serious dent in your reserves.

• Mistake No. 3: You confuse profits for cash flow.

Always track what you're spending versus selling. Just because there's money in the bank doesn't mean you're making a profit.

For further detail: http://www.entrepreneur.com/article/219523

Wondering what's on the roadmap for Microsoft Dynamics CRM? Well, based on the information in the Microsoft Dynamics CRM Statement of Direction released in May, there are some very exciting innovations on their way. To find out what is on the radar and when you can expect to see these innovations contact us at 630-875-1100 or email us at info@idtconsulting.com for an update.

Recently the Microsoft Dynamics CRM Technical Support Team published a "Go Live Checklist" that is helpful for the "go live" phase as well as for troubleshooting some common problems you may experience as you get ready to start using Microsoft Dynamics CRM within your organization. Normally these documents are intended for system administrators, but to allow everyone to get the most out of Microsoft Dynamics CRM online they included everyday resources for the end-user. Take advantage of this valuable Microsoft resource - download a copy of this checklist from our website at your convenience and if you would like additional assistance or information we would be happy to assist you.

There are numerous definitions out there for cloud computing, but this article makes what was once "cloudy" a bit more clear. Be aware of these five cloud characteristics and gain a better understanding of the cloud...

1. On-demand self-service. Automatically run computing capabilities without IT support.
2. Broad network access. Access through laptops and mobile phones anytime, anywhere.
3. Resource pooling. Computing resources serve multiple end users with different physical and virtual resources based on demand.
4. Elasticity. Scale out and/or scale in depending on your requirements.
5. Measured service. Resource use is automatically controlled and optimized through metering, and resource usage.

Still a bit cloudy? Contact us for more information about cloud computing.

One of the great things about the internet is that it gives people the ability to share all kinds of information. Salman Khan started out by putting a few algebra videos on YouTube for his cousins and it was so well received that he uploaded more and more tutorials. Seeing the positive effect it was having in his wider family and community, he made it his mission to deliver a world-class education to anyone anywhere.

He approached Bill Gates who believed in what this aspiring young man was trying to achieve and now there's a library of more than 2100 lessons. Covering everything from arithmetic to science, finance to history, there's something there for everyone.

It's certainly worth the time to look into what is available. Highly recommended are the finance, banking and investment topics that can help you avoid all sorts of financial mistakes. And these are not just for adults. Instead of giving the kids an inheritance, it is far better to give them early financial knowledge so that they don't need any.

http://www.khanacademy.org/

The companies of IDT (Integrated Document Technologies, Inc.) support small, mid-market and enterprise firms in achieving maximum efficiency by offering fully integrated ECM, ERP and CRM solutions.

Founded in 1992, IDT's initial focus was helping companies effectively apply automated enterprise content management solutions to eliminate paper and better manage every business transaction. With the inception of IDT Consulting in 2001, the company offers ERP and CRM solutions and in-depth knowledge of how financial systems work and how to streamline the accounting process. Today, IDT Consulting is a Gold Certified Microsoft Partner specializing in Dynamics GP, Dynamics CRM, and Microsoft SharePoint. Visit our website at www.idtconsulting.com.