When NuScale Power realized their future meant getting into the federal market, they knew their existing accounting system (QuickBooks) was extremely problematic when it came to government compliance. In this interview, Controller Julie Adelman explains their top three accounting-system anxieties and how Dynamics SL easily solved them. How to Eliminate Government Compliance Accounting-system Anxieties…READ MORE →
Just considering a change to your project accounting and financial management system often results in having fears and anxieties. Will we be able to find and agree on the right solution? Will our implementing partner really listen to our needs? Will we find a good solution out of the box or will we need to [&hellip…READ MORE →
Microsoft’s latest upgrade of Dynamics SL (2015) is now available. The speed of business is changing. It’s not slowing down. With the launch of Dynamics SL 2015, people in project-based companies and other industries get more power to set a new pace and drive real bottom-line impact. Dynamics SL 2015 simplifies the way people work. [&hellip…READ MORE →
When selecting a new ERP, financial management, and/or project accounting system, software is not the only consideration. It’s also important to choose a proven partner, that can help you through: 1 – Technical Support Have experienced, and readily available consultants at their Help Desk. 2 – A Deep Consulting Bench Have the expertise on their [&hellip…READ MORE →
Synergy was selected for Accounting Today’s Top 100 value added reseller (VAR) list for the eighth year, but like some on the list reported, their focus goes way beyond reseller role. Synergy stresses their trusted partnership with clients in providing expertise in cloud financials and solutions in project accounting and government contracting. “In all my years, I’ve [&hellip…READ MORE →
On June 16, 2014, Microsoft announced the formation of a special GovCon Alliance, a cross-section of Microsoft Dynamics partners with deep experience and understanding of the unique needs of government contractors. With our expertise in solving government-compliance issues with Dynamics SL for midsize companies (from 50 to 2,000 employees), Microsoft invited Synergy Business Solutions to [&hellip…READ MORE →
Growing organizations still running entry-level accounting software quickly outpace their systems, which causes a range of ailments for finance. Here’s five ways to make it all better: 1 – Consolidate Your Financial Data – Despite companies operating under the same organizational roof, many have disparate systems—databases, sets of books, a variety of unwieldy spreadsheets, and [&hellip…READ MORE →
Two government compliance experts–one with expertise in software (our own Steve Toth) and one with expertise in compliance processes–sat down to share what government contractors need to know to stay compliant with federal contract regulations. Watch the webinar and learn:
- The importance of an adequate or approved accounting system and who is subject to its requirements.
- What a pre-award accounting system audit is (Form 1408), why it sometimes occurs after you begin a contract, and how an “Accounting Plan” prepares you for it.
- What the detailed requirements of the pre-award accounting system audit are and how Dynamics SL handles each one.
- The major capabilities your system needs to capture costs (direct, indirect), record time and labor, reconcile invoicing, and fully comply with FAR, CAS, and DCAA requirements.
If you are currently a government contractor or aspire to be, you’ll want to see this easy-to-read, colorful infographic that spells out four basic keys to success in the federal market. Whether you are under DCAA or another government entity, the four keys have to do with the Rules, Tools, Controls, and Schools necessary to remain compliant with federal regulations in both one’s accounting system and cost-accounting processes.
Understand what’s required in a pre-award system review (Form 1408) and what the FAR and CAS requirements are and who is subject to them. Learn why the right software tools are so important, such as Microsoft Dynamics SL, what processes and procedures are necessary (controls), and how to get your finance department properly trained (schools). To learn more, there’s also a white paper offer that digs deeper into the topic.
CONVERGENCE 2014 | MARCH 4-7, 2014 | ATLANTA, GA | WORLD CONFERENCE CENTER
Convergence 2014 is the premier event bringing the entire Microsoft business community to life. It is where opportunity and innovation meet to deliver real business value and truly amazing customer experiences. It’s the chance to make key business connections and to discover the full potential of Microsoft Dynamics solutions.
Steve Toth, President of Synergy Business Solutions, is speaking at two sessions on Microsoft Dynamics SL, one on how Dynamics SL empowers users to easily handle federal government compliance and another on the power of budgeting in Dynamics SL.
Session 1 – Smooth Budgeter: An Introduction to Microsoft Dynamics SL Project Budgeting
Wednesday, March 5, 11 AM – 12 PM, Room A311
Audience: End User and Power User | Speaker: Steve Toth
Find out what’s possible with various types of project budgeting in Project Controller for Microsoft Dynamics SL. Understand options for direct budgeting versus budgeting by revisions and how the Project Budgeting module processes budget revisions of original budget, estimated budget, and forecasted budget at completion.
Session 2 – Something to Talk About: Microsoft Dynamics SL Government Contracting
Thursday, March 6, 11 AM – 12 PM, Room A304
Audience: End User and Power User | Speakers: Steve Toth and Larry Mocniak
Do you use the Project module for government contracting? In this session, we will discuss how to utilize the capabilities of the General Ledger, Project Controller and Allocator modules to manage and allocate indirect costs to projects. Understand how to develop indirect rates, configure the Indirect Rate Calculator, use the new Close Project Year at Actual in Microsoft Dynamics SL 2011 FP1 feature, and configure the Government Contractor Reports.