Advanced Exchequer v Microsoft Dynamics 365 Business Central Comparison

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 >
 

HERO Advanced Exchequer v Microsoft Dynamics 365 Business Central

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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.

 

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.

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.

Microsoft Dynamics 365 Business Central

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.

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 accounts information from anywhere, at any time.

Microsoft Dynamics 365 Business Central

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 Comparison of Advanced Exchequer v Microsoft Dynamics 365 Business Central

 

Access and Usability

Feature Advanced Exchequer Microsoft Dynamics 365 Business Central
Cloud option Option Unchecked Option Checked
Accessible from any device Mobile app additional cost Option Checked
Automatic system updates Option Unchecked Option Checked
Inbuilt access for third-party accountants Option Unchecked Option Checked
Advanced Exchequer
Cloud option Option Unchecked
Accessible from any device Mobile app additional cost
Automatic system updates Option Unchecked
Inbuilt access for third-party accountants Option Unchecked
Microsoft Dynamics 365 Business Central
Cloud option Option Checked
Accessible from any device Option Checked
Automatic system updates Option Checked
Inbuilt access for third-party accountants Option Checked

Invoicing

Feature Advanced Exchequer Microsoft Dynamics 365 Business Central
Recurring invoicing Option Checked Option Checked
Transaction approval workflows Option Checked Option Checked
Advanced Exchequer
Recurring invoicing Option Checked
Transaction approval workflows Option Checked
Microsoft Dynamics 365 Business Central
Recurring invoicing Option Checked
Transaction approval workflows Option Checked

Expenses and Bills

Feature Advanced Exchequer Microsoft Dynamics 365 Business Central
Integrated payroll Option Unchecked Option Checked
Expense management Option Checked Option Checked
Direct debit collections Option Unchecked Option Checked
Bank statement import Option Checked Option Checked
Advanced Exchequer
Integrated payroll Option Unchecked
Expense management Option Checked
Direct debit collections Option Unchecked
Bank statement import Option Checked
Microsoft Dynamics 365 Business Central
Integrated payroll Option Checked
Expense management Option Checked
Direct debit collections Option Checked
Bank statement import Option Checked

Reporting Capabilities

Feature Advanced Exchequer Microsoft Dynamics 365 Business Central
Financial budgets Option Checked Option Checked
Inbuilt cashflow reporting Option Unchecked Option Checked
Group accounts consolidation Option Unchecked Option Checked
Live cost of sales posting Option Checked Option Checked
Inventory forecasting Option Unchecked Option Checked
Power BI integration Microsoft SQL only Option Checked
Advanced Exchequer
Financial budgets Option Checked
Inbuilt cashflow reporting Option Unchecked
Group accounts consolidation Option Unchecked
Live cost of sales posting Option Checked
Inventory forecasting Option Unchecked
Power BI integration Microsoft SQL only
Microsoft Dynamics 365 Business Central
Financial budgets Option Checked
Inbuilt cashflow reporting Option Checked
Group accounts consolidation Option Checked
Live cost of sales posting Option Checked
Inventory forecasting Option Checked
Power BI integration Option Checked

Integration and add-ons

Feature Advanced Exchequer Microsoft Dynamics 365 Business Central
Microsoft Office 365 integration Option Checked Option Checked
Access business data in Outlook Option Unchecked Option Checked
Action quotes and invoices in Outlook Option Unchecked Option Checked
Excel integration Option Checked Option Checked
Advanced Exchequer
Microsoft Office 365 integration Option Checked
Access business data in Outlook Option Unchecked
Action quotes and invoices in Outlook Option Unchecked
Excel integration Option Checked
Microsoft Dynamics 365 Business Central
Microsoft Office 365 integration Option Checked
Access business data in Outlook Option Checked
Action quotes and invoices in Outlook Option Checked
Excel integration Option Checked

Price Comparison

Feature Advanced Exchequer Microsoft Dynamics 365 Business Central
Subscription model available Option Unchecked Option Checked
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 Option Unchecked
User/transaction limit 30 users
Year 1 software/subscription cost (5 Users) £35,050.00
Microsoft Dynamics 365 Business Central
Subscription model available Option Checked
User/transaction limit 100+ Users
Year 1 software/subscription cost (5 Users) £3,312.00

Summary: when to choose Advanced Exchequer v 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 Microsoft Dynamics 365 Business Central

  • You want a platform that can connects not only accounts but sales, service, finance, and operations
  • You need powerful integration capabilities to streamline business process, like the option to action invoices and orders straight from Outlook
  • Powerful reporting from the Dashboard, without the need to run individual reports
  • Personalisation is made easy without the need to pay for bespoke development

Still wondering which is the right fit for you?Why Not Try Our Free Business Process Review?

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.

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