Upgrading Quickbooks to Business Central
Connect and Grow Your Business
with Microsoft Dynamics 365 Business Central
What is Microsoft Dynamics 365 Business Central?
Microsoft Dynamics 365 Business Central is a business management solution that helps companies connect their financial, sales, service, and operations to streamline business processes, improve customer interactions and make better data-driven decisions.
Boost efficiency with automated tasks and workflows – all from within familiar Office tools like Outlook, Word, and Excel. Get an end-to-end view of your business, with built-in intelligence when and where you need it.
Dynamics 365 Business Central puts flexibility at the core of your business, enabling you to start quickly, grow at your own pace and adapt in real time. Easily tailor and extend the application to meet your unique business or industry-specific needs.
Why Microsoft Dynamics 365 Business Central
Designed To Meet Key Mid-Market Requirements
Scalable Platform For SMBs With Capabilities To Handle Complex Issues of Growing Organisations
Works Seamlessly With Microsoft Suite of Productivity Tools
Built-In Intelligence With Predictive Insights
Functionalities of Microsoft Dynamics 365 Business Central That Sets It Apart From Quickbooks
Below are key elements in Microsoft Dynamics 365 Business Central that helps solves the challenges faced by Quickbook users. It is also interesting to note that Business Central has far more functionalities and features compared to Quickbooks to cater for mid-businesses needs.
User Roles and Security Options
Dynamics 365 Business Central enables businesses to fine-tune permissions so a variety of user roles and types can be created for the different functions they require with the control needed.
Business Central also allows creation of user-specific menus with functionality including processes, reports and user-defined tasks.
Besides that it also supports web-based reporting portals with the ability to create user and group-specific portal permissions.
Dynamics 365 Business Central offers extensive reporting capabilities – supporting a web-based reporting portal to calculating and displaying business metrics.
There are genreally more reports and analytics throughout the solution – examples are Order Entry Reports that include daily order analysis, cash receipt analysis, sales history report, salesperson performance analysis and more.
Inter-Company Financial Capabilities
With Microsoft Dynamics 365 Business Central, the ability to consolidate multiple company files is a built-in function. Businesses can provide one bill for multiple client sites, and can easily access data anywhere at anytime – which makes your accounting more efficient.
Business owners, managers, and other users can have access to their data at anytime, anywhere. In addition, an outsourced accountant can easily look at the data simultaneously, without having to be physically present at the business. There is no need to use USB drives to physically transfer data which is time-consuming and lead to data integrity issues.
Security & Privacy On Cloud
Dynamics 365 Business Central is on the Microsoft Azure public cloud platform where security and privacy are built right into the Azure platform. Azure Security Center is the only public cloud platform to offer continuous security-health monitoring and has the most comprehensive compliance coverage of any cloud provider meeting a broad set of international and industry-specific compliance standards, such as ISO 27001, HIPAA, FedRAMP, SOC 1 and SOC 2, as well as country-specific standards. These include key financial services and security compliance standards.
The importance of audit trail is emphasized as part of accounting controls. So Dynamics 365 Business Central have specific functions that doesn’t allow deleting of a record but a reverasl to ensure that there is a valid audit trail.
Multi-Currency and Multi-Lingual Capabilities
Dynamics 365 Business Central supports multi-currency transactions in both its inventory capabilities and general ledger. Additionally Business Central also supports multiple languages natively.
Business Central was built with growing businesses in mind. With the Microsoft Azure platform, Business Central provides strong data capabilities and the ability to scale to support growing transaction volumes and more users.
Deferred Revenue & Expenses
Dynamics 365 Business Central supports multi-year projects that require deferred revenue and/or expenses. This can be beneficial for many companies with contracts and services that span multiple fiscal years, and that need to handle as a deferred item.
Billing Format & Options
Dynamics 365 Business Central offers numerous “bill to” features such as billing an unrelated third party and creating a single bill for multiple client sites.
In addition, it supports billing format options such as mixed fee/time and expense and installment and recurring billing functions.
Integrated with CRM
Microsoft Dynamics 365 Business Central includes both financial and sales and marketing (CRM) functionality, reducing integration hassles. If your current need does not include CRM, the availability of these functions will ensure that your future need is taken care of.
Additionally, for businesses using third-party CRM solutions that needs to be maintained, Dynamics 365 Business Central can be integrated with that as well.
Business Central Pricing
Dynamics 365 Business Central is available at a single fee subscription and would not require additional third-party hosting services. As a site note, Quickbooks Enterprise Solutions (QBES) require an additional hosting fee per user per month which can escalate the costing significantly. Below is the Business Central pricing, in an easy one-fee model.