Microsoft Dynamics 365 Business Central VS QuickBooks
Evaluate Microsoft Dynamics 365 Business Central against Intuit QuickBooks to decide which ERP system is the right fit for your business.
Your business has grown rapidly, and to sustain this growth, you need a more efficient and scalable solution. Many business owners transition from spreadsheets or QuickBooks to a future-ready system. Explore our comparison page where we evaluate Intuit QuickBooks against the comprehensive ERP system, Microsoft Dynamics 365 Business Central, to help you choose the best fit for your expanding business needs.
Discover the differences between Intuit QuickBooks versus Microsoft Dynamics 365 Business Central
Developed by Intuit, it is a well-known accounting solution that helps small businesses and non-profit organisations. It allows companies to handle various financial tasks, including invoicing customers, paying bills, generating reports, and preparing taxes.
- Solution Focus: Primarily focuses on accounting and
basic financial management tasks. - ERP Capabilities: Does not offer the full breadth of
ERP functionalities, limiting its ability to manage
broader business operations. - Focus group: Suitable for small to medium-sized
businesses but may struggle with very large or
complex operations. - Customisation: Offers limited customisation options.
- Reporting: Offers basic financial reporting suitable
for small businesses. - Financial Structures: Designed for simpler financial structures, with less support for complex scenarios.
- Integration: Offers integrations with some third-party apps but not seamlessly integrating with a broad ecosystem.
- Advanced Tools: Does not have a direct equivalent
to Power Tools. - QuickBooks Online: Offers cloud-based versions with remote access capabilities.
- Cloud Infrastructure: Offers reliable cloud services.
- Automation: Includes basic automation features for common accounting tasks.
- Inventory Management: Provides inventory management but with limited advanced features.
- Support Resources: Provides good support and training resources for small businesses.
- Partner Network: Sufficient for typical small
business needs. - Security: Provides adequate security for small to medium businesses.
- Compliance Tools: Includes basic tools for compliance.
Shared Functionalities
While they share these functionalities, Dynamics
365 Business Central generally offers more advanced features and greater scalability, making it more suitable for larger or rapidly growing businesses with complex needs. QuickBooks, on the other hand, is often preferred by small to medium-sized businesses for its ease of use and affordability.
Both systems allow businesses to manage their
general ledger, handle journal entries, and maintain a chart of accounts.
They support the management of payables and receivables, including invoicing, billing, and payment processing.
Both provide features to reconcile bank statements with the company’s financial records.
Both offer a variety of financial reports, such as profit and loss statements, balance sheets, and cash flow statements.
Users can create customised reports to meet specific business needs.
Both systems allow businesses to track inventory levels, manage stock, and handle inventory adjustments.
They support the creation and management of purchase orders.
Both provide tools for creating and managing sales invoices.
They allow for tracking customer information and managing customer relationships.
Both systems support multi-currency transactions, allowing businesses to handle international sales and purchases.
Both QuickBooks Online and Dynamics 365 Business Central offer cloud-based solutions that
can be accessed from anywhere with an internet connection.
Both platforms support integrations with various third-party applications and services, enhancing their functionality.
Both systems provide features for tracking business expenses, categorising them, and integrating them into financial reports.
Is a comprehensive ERP solution from Microsoft, specifically designed for small and medium-sized businesses. The platform offers a wide range of functionalities, including financial management, supply chain management, project management,
operations management, and customer relationship management.
- Solution Focus: Provides an all-in-one fully integrated suite covering finance, supply chain, sales, service, project management, and
manufacturing. - ERP Capabilities: Full ERP capabilities that support comprehensive business management beyond just accounting.
- Focus group: Designed to handle increasing transaction volumes, users, and business complexities as the company grows.
- Customisation: Highly customisable with options to extend functionality through extensions and third-party apps.
- Reporting: Provides advanced financial reporting and analytics with support for multiple dimensions.
- Financial Structures: Can handle multi-entity consolidations, intercompany transactions, and multi-currency management.
- Integration: Integrates well with Microsoft products like Office 365, Power BI, and Teams.
- Advanced Tools: Leverages Microsoft’s Power Platform for advanced analytics, custom app development, and workflow automation.
- Azure Cloud: Hosted on Microsoft Azure, benefiting from robust cloud infrastructure.
- Cloud Infrastructure: Anywhere access supports remote access on any device with strong performance and reliability.
- Automation: Offers robust automation features for processes like invoicing, payment collections, and inventory management.
- Inventory Management: Provides advanced tools for managing inventory and supply chains.
- Support Resources: Extensive support resources, including documentation, training, and a large community of users and partners.
- Partner Network: Enterprise-Grade with Microsoft Azure’s
advanced security features. - Security: A vast network of Microsoft partners for implementation and customisation services.
- Compliance Tools: Offers tools to help comply with various global regulatory standards.
