When the business grows rapidly and considerably, then to keep up with the pace of growth and to foresee a dynamic base for future growth, you may need to change to a solution that can offer greater skillfulness and the ability to scale the business in the future. In this blog, we will compare QuickBooks vs Microsoft Dynamics: Intuit’s QuickBooks solutions with its two main software, i.e. QuickBooks Enterprise and QuickBooks Online Advanced with Microsoft Dynamics to assess their prominent elements and functions for various types of businesses.
Many business organizations use several solutions, such as QuickBooks, and spreadsheets, and are always on the lookout for a solution that is handy for the future and can handle their prospering and increasingly complex needs.
What are Intuit QuickBooks Enterprise and QuickBooks Online Advanced?
QuickBooks helps to manage the different financial transactions of a business to save time and effort where the daily financial entries and processes are combined into a streamlined and easy-to-use interface.
QuickBooks Enterprise, an integrated software is made for expanding, product-based businesses that help customers streamline their business and financial entries. Essential features are combined and business entities that can add or modify details as the business grows. This software can integrate tools such as Salesforce to make connected back-office content rather than being a conventional full-service ERP solution and provide financial service advice with QuickBooks Enterprise Support. To enhance flexibility, users are free to add access to the cloud.
QuickBooks Online Advanced is a cloud-based answer and targeted at the increasing number of small business customers which assist users in streamlining the business and financial operations of the management. These features play an essential role in QuickBooks vs Microsoft Dynamics. Sharing many similar features that can include integration with Salesforce and more than 600 powerful apps, it is being offered at a discounted price than Enterprise.
What is Microsoft Dynamics?
Microsoft Dynamics 365 is a cloud-based set of Microsoft products that can be connected for increased customization. Microsoft Dynamics applications are easily integrated with known and established Microsoft Office products, in addition to applications built with Microsoft Azure. Augmented reality workflows and the Internet of Things are the regions where it can be explored more.
Already organized modules in Microsoft Dynamics 365 include applications made to smooth and automate marketing, sales, customer service, commerce, operations, and finance. From a business point of view, there are two main Dynamics 365 solutions to select from: Business Central and Finance & Operations.
Dynamics 365 Business Central: It is similar to an ERP-like solution tailored for most small and medium-sized businesses.
Dynamics 365 Finance & Operations: It is similar to an ERP-like solution tailored for large or diversified companies. It is often used by companies having multiple businesses, present in different geographies, or complex product development needs.
Comparison: QuickBooks vs Microsoft Dynamics
Here, we will discuss essential features that help you to make a decision in QuickBooks vs Microsoft Dynamics.
1. QuickBooks vs Microsoft Dynamics: Scalability
Microsoft Dynamics:
- Microsoft Dynamics consists of a network of interconnected modules and operations that are highly customizable at a basic level.
- Microsoft Dynamics has the advantage in a way it can consistently integrate with the known Microsoft Office suite of applications (without the demand for third-party applications).
QuickBooks:
- Two main products from QuickBooks are QuickBooks Enterprise and QuickBooks Online Advanced. These are flexible and can be scaled as per the requirements of a company.
- QuickBooks’s time tracking and payroll modules can be added to both.
- QuickBooks Enterprise easily integrates with commonly used applications like Salesforce and Webgility. These integrations take away the need to recover or export data during times of rapid growth.
- QuickBooks Online Advanced offers integrated apps and add-ons like HubSpot, DocuSign, Salesforce, Bill.com, and more.
2. QuickBooks vs Microsoft Dynamics: Time Tracking
Microsoft Dynamics:
- Dynamics Time & Attendance is the Microsoft Dynamics solution for employee time tracking. It is supposed to track and manage time entries, attendance, overtime, vacation, and sick leave within Microsoft Dynamics 365.
- Time tracking entries can be generated via Microsoft Outlook, web browsers, time recording terminals, or mobile devices. More options for time entry and reporting are also present.
QuickBooks:
- In QuickBooks Time, employees enter time while being on the job to increase the accuracy of the timesheet and cut down errors through automated reports and schedules.
- QuickBooks is an end-to-end time-tracking system that can added to QB Online Advanced or Enterprise.
3. QuickBooks vs Microsoft Dynamics: Business Process Automation
Microsoft Dynamics:
- Microsoft Dynamics is fast enough in making rich, fully custom-made machine-oriented experiences not only in financial-related matters but in total aspects of the business cycle.
QuickBooks:
- Machine-driven workflows involved in QuickBooks Enterprise and QuickBooks Online Advanced entitle prospering businesses to decrease the time and money that would be normally spent on processes, such as sending and approving accounts, and most importantly money management.
4. QuickBooks vs Microsoft Dynamics: Project Costing and Management
Microsoft Dynamics:
- The Dynamics 365 Project Operations module links sales, project management, resourcing, and financing teams into a single application.
- Tracking project progress and costing in real time is easy and keeping in touch with the help of a dashboard to reassign resources and adjust schedules as required.
QuickBooks:
- QuickBooks Online Advanced job costing features permit users to track profits and costs in real time to get profit perception for each project and create exact approximations for future jobs.
- Integration of QuickBooks Time and QuickBooks Payroll services adds labor cost data.
5. QuickBooks vs Microsoft Dynamics: Reporting and Analytics
Microsoft Dynamics:
- Advanced reporting with dashboard ability is available with Microsoft Dynamics and consolidation of data is available across multiple sources.
- Besides a wide range of custom reporting options built into the solution, several third-party coverage integrations are available to those looking for special output formats.
QuickBooks:
- Both standard and customizable reports are there in QuickBooks Enterprise Contractor Version which allows one to display critical financial data and go deep into transaction-level details specific to the company.
- QuickBooks Online Advanced offers standard and customization reports to help monitor critical financial data and track down the transaction-level details specific to your company. Visual tracking is provided via dashboards, insight trends, and custom charts in the performance center.
6. QuickBooks vs Microsoft Dynamics: Integration
Microsoft Dynamics:
- One of the big advantages of using Microsoft Dynamics to create an ERP-like ecosystem and its easy assimilation with known Microsoft Office 365 applications, Microsoft Azure, and Power BI.
- Microsoft Dynamics can integrate with other third-party applications, such as Salesforce, HubSpot, Amazon Web Services, and even Intuit QuickBooks.
QuickBooks:
- QuickBooks has several third-party apps to spread its capabilities.
Note: The availability of this app varies depending on whether the user is using the desktop or online version.
- QuickBooks Online Advanced Premium apps provide advanced features and functions for deeper integration with select partners such as Salesforce, HubSpot, Bill.com, and LeanLaw.
7. QuickBooks vs Microsoft Dynamics: Support
Microsoft Dynamics:
- In Microsoft Dynamics, the support options include a basic Microsoft Dynamics subscription plan.
- You can directly connect with Microsoft Dynamics professionals with additional charges of $9 per month.
QuickBooks:
- You can connect with the QuickBooks Customer support team 24/7 by phone, chat, and mail with premium care specialists.
- QuickBooks offers several types of support such as QuickBooks Desktop Support, QuickBooks Enterprise Support, QuickBooks Payroll Support, and other financial services support.
Bottom Line
We hope that you have adequate knowledge about QuickBooks vs Microsoft Dynamics. Microsoft Dynamics 365 supports several on-premises features. It has a lot to offer with automated custom workflows, advanced reporting, and interconnected business processes. It can help streamline processes and optimize the performance under a single vendor. Streamlining the process and providing optimum performance under a single vendor makes the software unique. QuickBooks software renders a highly optimized and flexible financial management hub that integrates automated workflows and helps small to medium-sized businesses.
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