Which Microsoft Dynamics Software Is Right For Your Accounting Needs?

You may be asking yourself which Microsoft Dynamics accounting software is right for your business needs to stay on top of accounting processes. Microsoft Dynamics offers everything you could possibly need to meet your business requirements in today’s business life cycle with its constant changing technology. Microsoft Dynamics will help you connect your accounting systems while delivering a complete point-of-sale result that also incorporates it with several enterprise resource planning and accounting applications, helping retailers to combine their information and processes.

Define Your Integration Needs with Microsoft Dynamics

A Microsoft representative can help you assess your software requirements for your business if you are not sure how to decide what your software needs are. Microsoft Dynamics has employees standing by to help you identify your business goals as well as those requirements you need to get started. Their representatives will help you turn your requirements into useful ways to make your technology work for your business. Once you establish your objectives, you can then figure out if your business will work best with Microsoft Dynamics GP or with an integration Dynamics GP with another Microsoft Dynamics solution such as the NAV, AX, or SL business management solution.

Integration with Microsoft Dynamics GP or other Microsoft Dynamics solutions

MS Dynamics accounting software is built on their SQL Server database technologies and this allows you to incorporate information that is created at stores throughout their retail chains across the country to manage your multiple store network. There are a number of add-on choices available if you are using Microsoft Dynamics RMS with their ERP apps or other providers too and you can find the one to best suit your needs.

Microsoft Dynamics GP will help you save money because you don’t need an accountant on hand and you will save time because data can run between apps and be used in your headquarter office as well as your store locations. There are three choices you have to help manage your accounts receivable. You may use Microsoft Dynamics NAV, Microsoft Dynamics AX or Microsoft Dynamics SL through your Microsoft Dynamics Retail Management Systems Store Operations to help trade date with other business management solutions from Microsoft Dynamics.

Microsoft Dynamics offers Integration with Intuit QuickBooks

With your Microsoft Dynamics RMS, you are able to integrate your system with Intuit QuickBooks as long as it is the 2003 version or later. It supports such versions as QuickBooks Pro, QuickBooks Premier, and QuickBooks Premier Accountant Edition, as well as the Contractor Edition and QuickBooks Enterprise 2011 also. With its summary data integration, you can export summary point of sale accounting information to the QuickBooks general ledger and also export closed P.O.S as QuickBooks bills. Information posted to the general ledger includes cost of sold goods, commissions, taxes, tenders received, and includes department-level sales.

The program provides you with chart of accounts that you can easily introduce into the Microsoft Dynamics RMS, including such features as importing payment terms, customers, suppliers or vendors, and items from Microsoft Dynamics RMS headquarters if these are clearly marked in QuickBooks. Unfortunately, the integrations don’t include such features as payment terms, customers, suppliers or vendors, and items from Microsoft Dynamics RMS Store Operations to QuickBooks.