Using Fixed Assets modules in Dynamics GP – Straight Line Depreciation
The following formula is used in Microsoft Dynamics GP for depreciating Fixed Asset using straight line method.
Formula: (Cost – Salvage Value – (LTD Depreciation Amount – YTD Depreciation Amount)) ÷ Remaining Life in Days.
Where:
Cost = Cost of Asset
Salvage Value = Estimated realizable value of an asset at the end of its life
LTD Depreciation = Life to date depreciation
YTD Depreciation = Year to date depreciation
With the above formula GP determines the daily depreciation rate which is then multiplied by the number of days in a year
If the Average method is “None” Dynamics GP will calculate depreciation as follows:
For example:
Asset Cost: $ 200,000
Asset Life: 10 years
Depreciation:
Daily Depreciation = 200,000/(360*10) = $ 55.55
Monthly Deprecation = 200,000/((360*10))*30 = $ 1,666.67
- Published in Dynamics GP, Mobile, Technology
Upsell and Cross Sell with Inventory Matrix for Dynamics GP
- Published in Dynamics GP, Mobile
Microsoft Dynamics GP Promotions – Give me 5 is back!
One of Microsoft’s most popular promotion is back! The “Give me 5″ model is making a comeback this fall with two new promotions Give me 5 Starter and Give me 5 +2 Extended. Both Microsoft Dynamics GP promotions expire on December 27th, 2014; so act fast and contact us today!
Give me 5 Starter
Microsoft Dynamics GP Starter Pack (that includes three user licenses) is priced at $5,500 CAD, additional Full User Licenses are $3,300 CAD each; which adds up to a $12,100 CAD Investment for 5 user licenses.
However, with Microsoft’s Give me 5 Starter the aforementioned investment of $12,100 CAD is reduced to only $4,400 CAD. That’s more than 60% in savings!
But act fast, offer ends December 27th, 2014. Contact us today to find prices for your region/location and our unique services.
Give me 5 + 2 Extended
Microsoft Dynamics GP offers its Extended Pack to customers looking for more extensive functionalities and greater capabilities in their Microsoft Dynamics GP ERP System solution. Microsoft’s latest promotion gives you the most saving on User Licenses by providing you with Seven (7) User Licenses in their Give me 5 + 2 Extended promotion.
The Give me 5 + 2 Extended promotion include:
- Microsoft Dynamics GP Starter Pack (include 3 user licenses)
- Microsoft Dynamics GP Extended Pack
- Four (4) Additional Full User Licenses
A value of $29,700 CAD, this promotion is available for a limited time for only half the price at $14,850 CAD!
Again, this promotion is only available until December 27th, 2014. So contact AccSoft today to find pricing specific to your location/region as well as our unique services and products.
- Published in Dynamics GP, Mobile, Technology
Configuring Tax Rates in Magento and mapping them with Dynamics GP
In order to provide your customers with accurate prices, tax rates and zones must be configured correctly. It is also an attractive look for the webstore to have the taxes added automatically based on the customers’ region. Tax rates in Magento can be configured and set up for each specific region-or zone- and the taxes are calculated automatically at checkout.
CREATE TAXES AND DEFINE TAX RATES IN MAGENTO
Go to Magento Admin Panel and go to Sales →Tax→Manage Tax Rates and Zones . Click on ‘Add New Tax Rate‘ and define the tax rate. Define the Tax Identifier, the country, state or zip code it is applicable to and the tax rate. 
MAPPING MAGENTO TAXES WITH DYNAMICS GP
Once the tax rates in Magento are defined, they will become available in X2X connect eCommerce module in GP after the next scheduled data interface between GP and Magento. You can manually interface the data created in Magento by clicking on ‘Synchronize Default Values’ and ‘Start’. This will bring all the tax rates defined in Magento to GP. Select the Magento Tax Rates in the list and browse to select the corresponding GP Payment tax detail. This will map the tax IDs in Magento with the tax details in GP.
Related Topics:
Why your ERP driving your Ecommerce webstore make sense
GP/ERP specific ecommerce solution OR Magento ecommerce?
- Published in Dynamics GP, Technology
Creating shipping methods in Magento and map them with Dynamics GP
Magento is the market leader in eCommerce solutions for many reasons, chief among them is its flexibility in specifying and setting up a variety of shipping methods for the convenience of the customers. Similarly, X2X Connect extends that flexibility by allowing you to map any shipping method created in Magento to any shipping method in GP. This in turn gives your solution scalability and flexibility in reaching out in the global market.
CREATE SHIPPING METHODS IN MAGENTO
Go to Magento Admin Panel and to Configuration→Sales → Shipping Methods. The system will display all the enabled shipping methods in your Magento webstore. . Contact your preferred shipper for their API information so that you will benefit from real time shipping estimates and rates. I will show you how to set up FedEx as a Shipping method in Magento. 
Setting up FedEx Shipping Method
Before you start: As of May 2012, FedEx made some changes on their Shipping API. If you are experiencing problems setting up Fedex Shipping method, you will need to install a Patch that was released by Fedex which can be found here. The API credentials you will need to set up the FedEx shipping methods are:
- Account ID
- Meter Number
- Key
- Password
By signing up at FedEx’s Developer Resource Center, you can generate Test credentials intended for developers and general testing purposes. It is recommended to start the set up using these credentials first before moving to production. More information about FedEx Web Services can be found here. Log in to your FedEx account and proceed to the Develop and Test step, from there click on Get your Test Key button.
Then fill the required information on the registration form.
Take note of the Country, State/Province, and ZIP/Postal Code information that you provide; they will need to match exactly with the information you will later provide under Shipping Setting in Magento. When finished, click continue and accept the terms on the next page. Then you will be given the Developer’s Test Key, along with the Test Account ID and Test Meter Number. The password will be sent separately to your Primary e-mail. 
With the password sent to your e-mail, you now have all the four fields that you need to set up FedEx Shipping on your Magento site. Make sure that Sandbox mode is checked to yes.
And there you have it, folks!
MAPPING MAGENTO SHIPPING METHOD WITH DYNAMICS GP
Open the General Mapping window and select the Shipping Method drop down. You will see all the Shipping methods defined in Magento before the last time the automatic scheduler has updated the Magento data into GP. In this case, click on ‘Synchronize Default Values’ and ‘Start’. This will bring all the values defined in Magento to GP. Select the Magento Shipping method in the list and use the browse to select the corresponding GP shipping method. This will map the shipping method in Magento with the shipping method in GP
RELATED TOPICS”
Why your ERP driving your Ecommerce webstore make sense
GP/ERP specific ecommerce solution OR Magento ecommerce?
- Published in Dynamics GP, Technology