Advanced Exchequer v Microsoft Dynamics 365 Business Central Comparison
3 min read
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 want 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, usability, reporting, integration capabilities and costs.
About Exchequer & Business Central
Advanced Exchequer
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 account information from anywhere, at any time.
Microsoft Dynamics 365 Business Central
A single, comprehensive solution that drives predictive insights and 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 the 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 AND access live data from Excel.
Key Features of Advanced Exchequer and Microsoft Dynamics 365 Business Central
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.
Access & Usability
Invoicing
Expenses & Bills
Reporting Capabilities
Integration & Add-Ons
Price Comparison
Prices accurate as of 2022.
When to Choose Advanced Exchequer and Microsoft Dynamics 365 Business Central
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:
When to Choose Advanced Exchequer
- You don’t need external access for a third-party Accountant, or you’re willing to pay for the option
- You want to integrate with Microsoft Office 365 to manage your business process in one place
- You need the ability to report on pretty much anything and would like a range of standardised and customised reports
- You’d like to easily restructure your General Ledger with drag-and-drop functionality
When to Choose Business Central
- You want a platform that can connect not only accounts but sales, service, finance and operations
- You need powerful integration capabilities to streamline business process
- Powerful reporting from the Dashboard, without the need to run individual reports
- Personalisation is made easy without the need to pay for bespoke development
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