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The app can oversee numerous companies in the same database, on the same subscription license, at no extra cost. Consolidated intercompany reports can even be generated on multiple entities in multiple-currencies, helping you track transactions between your business units.
Benchmark the latest salaries across a range of Dynamics roles and locations. Although like all Dynamics apps, Business Central can be synced up with other programs in the suite, Business Central gives companies a little bit of everything, including finance, operations, supply chain, CRM and project management.
Hailed as the next step up from entry-level business accounting software, Business Central boasts a wide range of financial management capabilities at the core of its functionality. Users can also easily keep track of fixed assets and related transactions like acquisitions, depreciations, write-downs, appreciations, and disposals.
The app can also help manage inventory costs as well as operational and departmental budgets in real-time, and surface useful, actionable data quickly with customizable reports and dashboards. Business Central makes auditing more intuitive too. The app can automatically assign audit trails and descriptions to every transaction, and users can further bolster their paper trails by defining transactional reason codes to be added to ledger entries. It also supports the amalgamation of financial data from multiple companies, and the integration and automatic reconciliation of bank statements, so that businesses can get a centralized view of all their brands and holdings for financial analysis.
Companies using more than one bank account can create and manage accounts within Business Central, helping to cater for diverse business needs across a multitude of currencies.
The system supports multiple currencies throughout, including in payables and receivables, general ledger reports, and resource and inventory items, and automatically updates currency exchange rates. No matter which solution you choose, there are several advantages that come with using the Dynamics suite in the cloud.
Microsoft is investing huge amounts of cash into the development of its business solutions, and is working to bake in cutting edge tech such as machine learning wherever it can. All Dynamics apps benefit from monthly patches and fixes, with new features and more major updates rolling out automatically every six months. A powerful reporting and data visualization service, Power BI is imbued with machine-learning capabilities, and helps your finance department derive deep insight from financial performance, revenue and profitability reports, capex management, and expense management.
Not only does Dynamics in the cloud integrate seamlessly with PowerBI , as we mentioned earlier, but it also works hand in hand with other popular services such as Office , SharePoint , and Outlook.
Being able to connect your Word, Excel, and email data to Dynamics helps build a fuller picture of your business, and increases productivity by breaking down barriers between the programs you use every day. These apps can be added to Dynamics in an instant, with no coding or customization necessary. With AppSource, Dynamics cloud users have almost limitless opportunity to modify and extend the functionality of their solution, without having to involve developers or ISVs. And if you still have needs to meet, you can build your own apps and workflows with PowerApps and Flow, two incredibly user-friendly services included with Dynamics Accountants can get access to Accountant Hub by signing into the Accountant Hub , using the business email address you use for your clients, and then add your clients to your dashboard.
You can then click into each client to view details such as cash account balances, cash flow forecast, overdue purchase invoices, and overdue sales invoices. You can assign tasks to yourself and others, and others can assign tasks to you.
The app is not available on a standalone basis, and instead comes as part of either the Unified Operations plan, or the Dynamics plan. If your business is looking to overhaul its sales and service operations as well as its backend processes, you can opt for the Dynamics plan.
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