We get it – it’s a difficult and complicated time to be a small business owner. Experts claim we’re not in a recession, though the public feels differently. Inflation remains an ever-present challenge. New governmental regulations, like the new Minnesota ESST law, always arise to provide challenges. Staffing continues to be difficult. And, more than ever, sustainable growth and success can be tricky to achieve. How can your company navigate the new normal we find ourselves in? Christianson PLLP recommends that small businesses consider bundling financial services. In this challenging landscape, the efficiency, convenience, and cost cannot be underestimated. Here are a few areas to consider: Seamless Payroll Processing: Small Read More...
Microsoft Dynamics GP Fiscal Year End Close
As Fiscal Year Ends are approaching, Christianson’s System Solutions Team often gets questions related to closing the year in Microsoft Dynamics GP. Do we have to wait to close the year until we get final audit adjusting entries entered? No – Depending on your Financial Series setups, you can still go back to the last period of the FY to make final adjusting entries and GP will automatically update the Retained Earnings and BBF as needed. Should we create a 13th period to identify audit adjustments? No – creating a 13th period is not a recommended process in GP, as it can cause issues with Fixed Assets and some Financial Statement reporting. A better option would be to create additional Source Documents for journal Read More...