QuickBooks is the primary accounting software package for roughly 29 million small businesses. On the other hand, Dynamics 365 Business Central is a new type of accounting software that is rapidly gaining popularity. It's a cloud-based application and a great alternative to QuickBooks.
While Dynamics 365 Business Central is designed for small and medium businesses, QuickBooks is best for small business startups. However, each provides a comprehensive set of monetary and operational tools that square measure simple to use and accessible anyplace.
Most small businesses start with QuickBooks and then migrate to Dynamic 365 Business Central as their needs increase and their business grows. So, is Dynamics 365 Business Central really the best alternative to QuickBooks?
Why consider switching from QuickBooks?
QuickBooks is excellent accounting software, but it has many limitations and cannot be customized to meet your specific business needs.
The best replacement for QuickBooks is Dynamics 365 Business Central. It's cloud-based, therefore you do not ought to install something on your laptop or portable computer. it'll be accessed from any place with an internet affiliation. you'll be able to customize the software to satisfy your specific business desires and needs.
The software gives you a unified view of your entire business. It has accounting, financial and point-of-sale system capabilities. As mentioned, you can also use it to manage customer relationships, track inventory and orders, and generate reports for your business.
Dynamics 365 Business Central vs. QuickBooks
Weaknesses of QUICKBOOKS:
– Accounting and Finance function only
– Limited reporting options
– weak audit trail
– Weak user roles
– Lower safety standards
– Businesses can quickly outperform Quickbooks
– Lowest business productivity due to independent platforms and databases
Strengths of BUSINESS CENTRAL:
– Complete ERP system
– Detailed and secure audit trail
– multi-language functionality
– Multiple currencies functionality
– High data security
Capabilities between Business Central and Quickbooks
|Feature capability||Microsoft Dynamics 365 BC||QuickBooks|
|Overall Functionality||Very Good||Good|
|Scalability / International Accounting||Good||Poor|
|Deployment||SaaS Only. however, see business Central (on-premise)||SaaS or On-Premises|
|Payroll||Yes, Through the Apps||Yes, As an Add-On|
|Integration||Offers advanced opportunities||Limited integration|
|Tenant Facility||Offers||No Provision|
|Reporting||Very Good(web-based reporting)||(Thirty party add-ons)|
|Security Roles & Auditing||Good||Poor|
What is Dynamic 365 Business Central?
Dynamics 365 Business Central is a cloud-based business management software system that provides several features. His plans ensure more efficient business processes. As the business grows, Dynamics 365 Business can adapt to changes, giving organizations the flexibility to adjust requests to suit current business needs.
Dynamics 365 Business Central provides more than just financial needs:
★ Offer all-encompassing resources and workflows to connect all tasks in an organization,
★ integrate operations,
★ plan supply chains,
★ improve customer relationships, and
★ make decisions based on available data to accelerate development and increase revenue.
How does Dynamics 365 Business Central work?
The Dynamics 365 Business Central application is managed online by Microsoft and requires no software to be installed on the device. Here's how it works:
● Access a full suite of financial management tools to help businesses manage their cash flow and balance sheet.
● Use a single, integrated platform to keep up with customer relationships, including CRM and analytics, that provide insight into how customers interact with your business.
● Have full operational support from overhead to forecasted sales, workforce planning and inventory management.
So, is your company upgrading from QuickBooks? Consider Microsoft's Dynamics 365 Business Central software. At Great Innovus, you can always learn more from us. For more in-depth information, please contact us.