Which is better, Quickbooks or Dynamics 365 Business Central? If you’re getting a hard time choosing the right accounting software for your company, try to compare and discover which solution offers more benefits to your company’s needs.
Both QuickBooks and Microsoft Dynamics 365 Business Central are software solutions that provide accounting functionality for businesses. They both provide features to handle accounting and finances in a business and they are both rated high for overall performance.
It is critical to have a clear outline of your business objectives and requirements. You want to look for both scalability, flexibility and ease-of-use. While QuickBooks tend to be suitable for small businesses with minimal needs, Dynamics 365 Business Central suits more complex needs for small to mid-sized businesses.
Is Dynamics 365 Business Central a good accounting software?
Quickbooks is limited to accounting and the simplicity it offers can also be its weaknesses later on.
Microsoft Dynamics 365 Business Central offers the same ease of use, same ease of access and adds in a robust system that can handle all of your future growth.
Dynamics 365 Business Central is a complete ERP that that provides functionality for:
- Financial Management
- Supply Chain Management
- Electronic Services
- Human Resource Management
- Customer Relationship Management
- Project Management
Dynamics 365 Business Central vs. QuickBooks
Strengths and Weaknesses
| Quickbooks Weaknesses | Business Central Strengths |
|---|---|
| – Only accounting and finance features – Limited reporting options – Limited audit trails – Weak user roles – Lower security standards – Companies can quickly outgrow Quickbooks – Minimal business productivity due to separated platforms and databases | – A complete ERP system – Integration with Office and other Microsoft apps – Multi-language – Multi-currency – User-friendly – Cloud-based – High data security |
While Quickbooks is one of the most popular accounting solutions in the market, they still lack important features that a growing business need.
Many Quickbooks users have said they cannot manage inventory and will need an add-on software like Fishbowl for this function. This has been an unappealing experience since it’s only covering basic functions and it’s one of the main reasons they switch to software like D365 Business Central.
Learn more about what Business Central offers
Quickbooks Data Migration
If your business uses Quickbooks today, you can export the data using assited setup in Business Central.
You can import the following data from Quickbooks to Business Central:
- Customers
- Vendors
- Items
- Chart of Accounts
- Beginning Balance transactions in General Ledger
- On-hand Quantities for Inventory Items
- Open documents for customers and vendors, such as invoices, credit memos and payments
Read the complete guide on how to migrate from Quickbooks to Business Central.
Benefits of moving from Quickbooks to Business Central
Business Central has almost 800 features that Quickbooks does not offer. Business Central is not only an account software, but also an ERP solution that integrates your whole business and all the data in one platform.
Some extra features that Business Central offer includes:
- Expanded billing format options
- Stronger reporting capabilities
- Clear system audit trails
- Multi-lingual functionality
If you use Microsoft Office, Outlook, Excel, or any number of other Microsoft products, you’ll be impressed by how easy it is to use — and how easily the data flows between applications. For instance, you can do quotes and invoices right inside Outlook.
Read more: Comparing Quickbooks to Dynamics 365
Choosing the right accounting solution for your business
With so many day-to-day company functions now being performed online, organizations should have a software platform capable of bringing different business areas together. Dynamics 365 Business Central is one of over a dozen products offered as part of Microsoft Dynamics 365’s suite of business applications.
Calsoft can guide your organization by setting up optimal solutions for your business environment. Contact us if you’re interested in migrating from QuickBooks to Dynamics 365 Business Central.