Category: Professional Services

This is post number three in a series of blog posts that are centered on the specific features within the Professional Services Tool Library (PSTL). The PTSL is now a standard feature in GP that has many valuable tools available to users that used to only be accessible via Microsoft support or your implementation partner. Before you begin using the PTSL, there are a few things that you need to...

A large-scale implementation to a new ERP system such as QAD often means additional technical infrastructure and equipment within the plants to support purchase order receiving, production reporting, truck loading, labelling, and shipping. Depending on the scope and size of the implementation, it may be necessary to identify a separate project workstream and workstream manager to ensure accountability for all related data collection and equipment tasks. Examples of potential areas...

Here is the highly anticipated second post in a series of blog posts that are focused on some specific features of the Professional Services Tool Library (PSTL). The PSTL is now a pretty standard feature in Microsoft Dynamics GP that has many valuable and versatile tools available to its users that can only be accessed via Microsoft support or your implementation partner. Before you begin using the PSTL, there are...

This post will start a series of blog posts that are centered on the specific features within the Professional Services Tool Library (PSTL). The PTSL is now a standard feature in GP that has many valuable tools available to users that used to only be accessible via Microsoft support or your implementation partner. Before you begin using the PTSL, there are a few things that you need to remember: Before...

One definition of the word stress is: “pressure or tension exerted on a material object”. Stress Testing, often called Performance Testing, is focused on the transactional stress on an ERP system to validate the systems readiness for a Go-Live in a true Production environment. As part of any ERP implementation, the core steps within a methodology consist of the following basics:• Project Team Training• Process Design• Procedure Development• Development and...

In this 4th article on managing Professional Service organizations we will continue our discussion on Project Accounting or sometimes referred to as Project Management. Now that you are familiar with what Project Accounting is, we will discuss the basics behind how a Project Accounting application works. The following assumes that as part of your sales cycle you have finalized an agreement with a client to provide services. This flow chart...

In this 3rd article on managing professional service organizations we will be discussing Project Accounting or sometimes referred to as Project Management. Once you have established your chart of accounts and have designed effective financial reports, the next step in assisting the management of your firm is to look at project level information. This is where Project Accounting can assist. So, what is Project Accounting? Project Accounting provides for the...

One of the key metrics in the management of a professional service firm is the productivity of the consulting staff. This metric is referred to as Utilization and is defined as the percentage of time charged to projects. Monitoring this metric provides management with one of the key drivers in helping to drive profitability and ensuring the staff are keeping engaged on client projects. This metric is typically computed as...

This is the second in a series of articles on managing professional service organizations. This article builds on the first article discussing the chart of accounts. Once you have established the chart of accounts for your professional service firm the development of financial statements can begin. Financial Statements can be categorized as one of two types; those required for regulatory purposes and to comply with accounting standards and those for...

Logan Consulting is excited to launch our Professional Service Organization Blog.  This blog is the first in a series of articles on managing professional service organizations. We are going to start out with a discussion on the chart of accounts.  Your chart of accounts is one of the key elements in effectively tracking, reporting and analyzing the performance of a Professional Service Organization. Not only are all transactions coded to...