FRX for Microsoft Dynamics GP - Alba Spectrum

Released on = April 25, 2006, 3:06 pm

Press Release Author = Alba Spectrum Group

Industry = Computers

Press Release Summary = FRX for Microsoft Great Plains: advanced techniques - Excel,
Cash Flow, Consolidation

Press Release Body = FRX for Microsoft Great Plains: advanced techniques - Excel,
Cash Flow, Consolidation

Alba Spectrum Group, USA/Canada: 866-528-0577, 1-630-961-5918, Brazil:
55-11-3444-4949, Europe: +44 20 8123 2580, +45 36 96 55 20, Mexico: 52-55-535-04027,
help@albaspectrum.com skype: albaspectrum

Microsoft Great Plains has multiple reporting options: Report Writer, MS SQL
Reporting Services, Crystal Reports, SQL Server Reporting services, but the most
popular tool for financial reporting is still (and remains) FRx. If you are
Controller - you probably use FRx reports on the weekly basis and have a need in
advanced options. FRx was available for all the major Great Plains versions, MS SQL
Server, MSDE, Ctree, Pervasive SQL/Btrieve database platforms. In this small
article we would like to give you highlights on FRx reporting.
. Cash Flow. By one reason or another we find customers who are complaining about
their current Microsoft Business Solutions partner - more specifically that
consultants are not capable to design Cash Flow report . They easily design P&L,
Balance Sheet, but not Cash Flow. We would like to give you our opinion that Cash
Flow just needs good understanding of P&L and Balance Sheet accruals and in FRx you
can create cash flow from P&L with adjustments on non-cash accruals from BS - this
is well described in Accounting textbooks as Cash Flow indirect method.
. Excel. This is very typical problem. When business is small or midsize - and it
owns several legal entities/companies - the small entities might have no accounting
application, but Excel tables (or QuickBooks that exports to Excel). In this
situation you should consider building consolidated reports in FRx, pulling info
from Multiple Great Plains companies and Excel. You should use link menu item for
the Column in Row Format and have it as GL+Worksheet (Excel or Lotus 1-2-3) or
External Worksheet. GL+Worksheet is the easiest - you specify your Excel file and
worksheet in this form [C:\\MyExcel.XSL]P&L in Worksheet File Name and then you
should understand the syntax in the Row layout - such identifiers as CPO (Column
Period Offset) or RPO (Row Period Offset). These identifiers help you when you have
either column with your fiscal periods (say twelve months) or row and want to adjust
your report to the period automatically - click on Report Date - you will see Base
Period - this base Period should be the offset amount - horizontal (CPO) or vertical
(RPO)
. Consolidation. This topic is usually self explanatory, however you should know
the classic accounting consolidation principles - such as inter companies
consolidation accounts (exclude them from your consolidated report).
. Technical Issues/Service Packs. Well - FRx has to deal with multiple accounting
applications and this leads to reasonably high number of bugs in its releases. Good
example is - in initial FRx 6.5 when you use (C

Web Site = http://www.albaspectrum.com

Contact Details = Alba Spectrum Group, USA/Canada: 866-528-0577, 1-630-961-5918,
Brazil: 55-11-3444-4949, Europe: +44 20 8123 2580, +45 36 96 55 20, Mexico:
52-55-535-04027, help@albaspectrum.com skype: albaspectrum

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