Advanced Exchequer and Microsoft Dynamics 365 Business Central are both popular accounting software platforms. We’ve put together a comparison of them both, so that you can decide which is the better fit for you and your business.
Which to Choose >
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Accounting software allows for simple, fast data entry and retrieval, fewer human errors and the automation of many business processes. Most businesses have online accounting systems, with many opting for cloud hosting now given its easy access and added security. But now, businesses are wanting more from their accounting software and choosing the right one for your business should be a carefully thought out decision.
Here’s our verdict of when to choose Advanced Exchequer versus Microsoft Dynamics 365 Business Central, alongside a comparison of the different features, useability, reporting, integration capabilities and costs.
Depending on what your business needs from your accounting software, the key features you require will vary depending on those needs. Here are some of the key features for both Advanced Exchequer and Microsoft Dynamics 365 Business Central.
Exchequer, powered by Advanced, allows users to manage finances and produce detailed reports in a modular system that can be customised to meet your exact business needs.
A single, comprehensive solution that drives predictive insights, consistent reporting and allows you to make smarter decisions faster. Microsoft Dynamics 365 Business Central provides powerful accounting and supply chain management functionality to small and medium-sized businesses.
Exchequer, powered by Advanced, allows users to manage finances and produce detailed reports in a modular system that can be customised to meet your exact business needs.
Real-time multi-dimensional view of your business – uses data from multiple software solutions across your organisation.
Flexible General Ledger solution – helps keep track of all financial transactions, prepare reports and keep records.
Stock management – know where stock is held, how much is available and its usage on demand with customised reporting.
Mobile – for finance and non-finance employees, you can access accounts information from anywhere, at any time.
A single, comprehensive solution that drives predictive insights, consistent reporting and allows you to make smarter decisions faster. Microsoft Dynamics 365 Business Central provides powerful accounting and supply chain management functionality to small and medium-sized businesses.
A complete ERP solution without different sections or modules – manage financials, sales, service, and operations in one place.
In the cloud – you can securely access any of your data in real-time through any device with internet; mobile, tablet and desktop.
Powerful reporting – easy reporting on essential business operations, such as trends, profits and sales with graphs and reports.
Full integration capabilities – create quotes, process orders and submit invoices without leaving Outlook, or access live data from Excel.
| Feature | Advanced Exchequer | Microsoft Dynamics 365 Business Central |
| Cloud option |  |
 |
| Accessible from any device | Mobile app additional cost | |
| Automatic system updates | |
|
| Inbuilt access for third-party accountants | |
|
| Advanced Exchequer |
|
Cloud option
|
| Accessible from any device Mobile app additional cost |
|
Automatic system updates
|
|
Inbuilt access for third-party accountants
|
| Microsoft Dynamics 365 Business Central |
|
Cloud option
|
|
Accessible from any device
|
|
Automatic system updates
|
|
Inbuilt access for third-party accountants
|
| Feature | Advanced Exchequer | Microsoft Dynamics 365 Business Central |
| Recurring invoicing | |
|
| Transaction approval workflows | |
|
| Advanced Exchequer |
|
Recurring invoicing
|
|
Transaction approval workflows
|
| Microsoft Dynamics 365 Business Central |
|
Recurring invoicing
|
|
Transaction approval workflows
|
| Feature | Advanced Exchequer | Microsoft Dynamics 365 Business Central |
| Integrated payroll | |
|
| Expense management | |
|
| Direct debit collections | |
|
| Bank statement import | |
|
| Advanced Exchequer |
|
Integrated payroll
|
|
Expense management
|
|
Direct debit collections
|
|
Bank statement import
|
| Microsoft Dynamics 365 Business Central |
|
Integrated payroll
|
|
Expense management
|
|
Direct debit collections
|
|
Bank statement import
|
| Feature | Advanced Exchequer | Microsoft Dynamics 365 Business Central |
| Financial budgets | |
|
| Inbuilt cashflow reporting | |
|
| Group accounts consolidation | |
|
| Live cost of sales posting | |
|
| Inventory forecasting | |
|
| Power BI integration | Microsoft SQL only | |
| Advanced Exchequer |
|
Financial budgets
|
|
Inbuilt cashflow reporting
|
|
Group accounts consolidation
|
|
Live cost of sales posting
|
|
Inventory forecasting
|
| Power BI integration Microsoft SQL only |
| Microsoft Dynamics 365 Business Central |
|
Financial budgets
|
|
Inbuilt cashflow reporting
|
|
Group accounts consolidation
|
|
Live cost of sales posting
|
|
Inventory forecasting
|
|
Power BI integration
|
| Feature | Advanced Exchequer | Microsoft Dynamics 365 Business Central |
| Microsoft Office 365 integration | |
|
| Access business data in Outlook | |
|
| Action quotes and invoices in Outlook | |
|
| Excel integration | |
|
| Advanced Exchequer |
|
Microsoft Office 365 integration
|
|
Access business data in Outlook
|
|
Action quotes and invoices in Outlook
|
|
Excel integration
|
| Microsoft Dynamics 365 Business Central |
|
Microsoft Office 365 integration
|
|
Access business data in Outlook
|
|
Action quotes and invoices in Outlook
|
|
Excel integration
|
| Feature | Advanced Exchequer | Microsoft Dynamics 365 Business Central |
| Subscription model available | |
|
| User/transaction limit | 30 users | 100+ Users |
| Year 1 software/subscription cost (5 Users) | £35,050.00 | £3,312.00 |
| Advanced Exchequer |
|
Subscription model available
|
| User/transaction limit 30 users |
| Year 1 software/subscription cost (5 Users) £35,050.00 |
| Microsoft Dynamics 365 Business Central |
|
Subscription model available
|
| User/transaction limit 100+ Users |
| Year 1 software/subscription cost (5 Users) £3,312.00 |
Both Exchequer and Microsoft Dynamics 365 Business Central are excellent accounting systems when it comes to easily managing bills, invoicing and on-the-go management as well as reporting of finances, integration with Microsoft Office 365 and managing stock. Which one to choose ultimately comes down to whether you are seeking a more robust ERP that can drive sales and growth with powerful reporting and a multitude of functions and goes the extra mile when it comes to intelligent forecasting and insights.
Here’s a quick summary of when to choose Advanced Exchequer versus Microsoft Dynamics 365 Business Central:
Understanding your current processes is a vital step before implementing new software. Our review will help identify which accounting software is better suited to help improve your processes, connect your data and grow with your business.
What happens next? Once you’ve made your enquiry, an expert consultant will give you a call to discuss your initial requirements. Following this, we’ll help you to determine which accounts software will work for your business and the best way to get you started.
