It's November! I can't believe it is already almost the end of the year. I hope everyone has a fantastic Thanksgiving full of family, friends, food, and fun in a few weeks.
This month I want to tell you a little more about what Dynamo can do for you. For instance, it makes Sales Tax Reporting in Ohio much easier. Dynamo also has a Bank Reconciliation option that can help you catch payment record errors before they become an issue.
Imagine trying to report sales tax from all 88 Ohio counties on the Ohio sales tax website. Sometimes there are even several different sales tax amounts within one county. That would be a lot of data entry! There's no need for entering all of those numbers into the Sales Tax website when you upload a Dynamo-generated report file.
The Sales Tax Reporting application can be found on the Sales Order Reports/SOR menu in Dynamo. Be sure to enter the starting/ending dates. Your Federal Taxpaying ID# and your Ohio Vendor License# should automatically populate their respective fields. Once you've entered this information, Dynamo will generate a file and display its name.
To upload the file to the Ohio salestaxreporting website:
Go to https://ohiobusinessgateway.ohio.gov/
Login with your operator name and password.
Choose File/Pay SalesTax Return.
Choose Full UST1 file upload.
Choose the correct file by clicking "Browse" and locate the salestax report on your computer. The correct file name was displayed in Sales Tax Reporting in Dynamo.
Upload the file. All of the appropriate information will automatically fill in without any more keystrokes from you!
Review the report for any errors.
Accept the data.
Choose the method of payment.
Print the tax return for your own records.
Bank Reconciliation
The Bank Reconciliation application in Dynamo provides an easy means of verifying that transactions entered in Dynamo (in applications that interact with your bank) agree with your bank statement in case you or your bank made an error in entering payment amounts or if one of your vendors never received your payment.
We normally recommend that you begin using Bank Reconciliation as soon as you receive the first bank statement that contains Dynamo A/P checks. When you are using Bank Reconciliation for the first time, you must enter the Beginning Balance as listed on your bank statement. Every time you use Bank Reconciliation after the first time, you will only be required to enter the Ending Balance as listed on your bank statement.
Bank reconciliation is typically done on a monthly basis, but it can be run at any time. Check detail is transferred to Bank Reconciliation during Check Drawer Balancing, Manual Payment Update, and Check Update. If you run the application each month, you will be able to catch any potential errors and correct them before incurring unnecessary fees.
For more information about this application, please read our documentation.
DID YOU KNOW?
Dynamo Tip of the Month
If you accidentally delete text in a one-line or one-character information field and you haven't pressed Enter yet, you can hit the ESC key, and in a few seconds, the previously entered text will return.
How to: Sales Order Processing
Dynamo Sales Order Processing, Part 1
Dynamo Sales Order Processing, Part 2
These videos will demonstrate how to use Sales Order Processing in Dynamo.
Dynamo How-To Videos
What would you like to see?
We'd like to know what you'd be interested in seeing in a future Dynamo how-to video. Curious about how to do a physical inventory in Dynamo? Not sure if you're balancing your cash drawer correctly? Let us know your most burning questions about Dynamo that we could answer in an instructional video.
Running out of checks?
Order from us!
If your check supply is running low and you would would like to order new checks that are formatted specifically for integration with Dynamo, we have an easy way for you to place an order. Just view our Check Ordering page and follow the instructions at the top of the page.
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Dynamo Referral Program
Do you know of anyone whose business would benefit from using Dynamo? Are you interested in a free Dynamo 11 training session or 20% off your next custom programming request?
Then refer a friend! If you refer a company to Dynamo and they purchase it from us, you will snag some cool stuff, including the following for your company:
Have a success story with Dynamo that you'd like to share with us and our other customers? Got a question about Dynamo you'd like us to answer? We'd love to feature you or your question in our newsletter. Get in touch with me!
