Leveraging the Features of Business Central After Migrating From QuickBooks

For many companies, transitioning from QuickBooks to Business Central represents a significant evolution in business management that can enhance efficiency and streamline processes. However, leveraging the advanced features of Business Central after migrating from QuickBooks can be a learning curve to get the most out of the change. 

Making the transition to new digital landscapes is a natural part of growing as a business. With so many options and extensions included with Business Central, it’s important to understand which will suit your organizational needs and which will not be part of your long-term business plan. 

With the market size of artificial intelligence (AI) innovations anticipated to create a global market volume of U.S. $1.68 trillion by 2031, integrating with innovative business management software is a key part of planning for a service and offering that aligns with the modern world’s needs. 

Here are some of the most important things to consider when maximizing your investment in Business Central after QuickBooks. 

QuickBooks to Business Central migration benefits

Making the migration over to Business Central from QuickBooks offers a range of benefits to capitalize on. While the importance of each benefit will vary depending on each company’s goals, the following are the key gains that come with the move over to Business Central:

• Enhanced analytics: Dynamics 365 Business Central offers advanced innovations in reporting to support data-driven decision-making.
• Scalability: The detailed ERP system design of Business Central accommodates expanding business needs by increasing features and capabilities. 
• Simplified financial tasks: Financial complexities, such as intercompany accounting, compliance, and multi-currency transactions, are completed with greater ease and efficiency. 
• Integrations: Business Central integrates seamlessly with the Microsoft digital ecosystem, including other Dynamics and Microsoft 365 applications.
• Enhanced automation: Business Central leverages AI innovations to provide advanced, customizable reporting. 
• Data consolidation: Consolidating data from supply chains, finance, and sales can provide a more comprehensive operational view, enabling informed decision-making. 
• Improved security measures: Security built on Microsoft Azure can enhance authentication, encrypt data, and strengthen security protocols. 

Leveraging Business Central after QuickBooks

A clear long-term strategy and a firm grasp of the new tools available are key elements in business management operations. Many illuminating extensions, automations, and data can be leveraged with Business Central after QuickBooks.

However, to reap the real benefits of cloud-based ERP systems like Business Central, it’s essential to understand how they can reduce manual processes and prepare you for what may come in the future. 

Business Central Advanced Accounting

Microsoft Dynamics 365 Business Central provides advanced tools to efficiently manage financial processes. Without an ERP solution like Business Central, some of the biggest challenges that a business will encounter include errors due to manual processing, a lack of real-time information to influence data, inconsistent information, limited financial reporting, and compliance challenges. 

Truly leveraging the advanced features of Business Central after migrating from QuickBooks means understanding what Business Central Advanced Accounting software offers. The main advantages of implementing these innovations include: 

• The automation of recurring manual tasks like invoicing, general ledger, and bank reconciliation.
• Cloud deployments for real-time visibility, financial data, and advanced reports to inform financial health decisions. 
• Multi-currency management systems to conduct business across nations, including international compliance and expenses tracking.
• Key budgeting features to optimize budgets and Power BI integration to improve financial data reporting.

While accounting tools are just one avenue of innovation, it’s important to understand the fundamentals that can reduce time and effort in the long term, while also reducing inaccuracies. 

New possibilities through extensions 

Microsoft applications and extensions have the capacity to accommodate all business needs after transitioning from QuickBooks to Dynamics 365 Business Central. As these are business and user-friendly opportunities for leveraging Business Central after QuickBooks, it’s important to take note of which will benefit your company and customers. 

Due to the seamless integration benefits they provide, making use of these extensions offers multiple upgrade opportunities without affecting current business processes. To identify the best extensions for maximizing your investment in Business Central after QuickBooks, consider the following criteria:

• Gaps in operations: Identify where the gaps are in your company’s service and any areas of improvement. 
• User reviews: Extension summaries and reviews will help to narrow down which extensions will be best suited for you. 
• Testing effectiveness: Extensions with trial period options can be tested to determine their effectiveness with business processes.
• Continuous learning: The new capabilities at your disposal need to be part of a new wave of business learning, where support and training are continual.
• Time management: Consider where administrative time could be reduced through extensions.

How to improve reporting after migrating from QuickBooks to Business Central

Having access to innovative data is important, but so is knowing how to improve your reporting after migrating from QuickBooks to Business Central. The three steps listed below can help you import, validate, and maintain your quality data:

1. Validation: Post-migration from QuickBooks, it’s important to check for any inconsistent data or financial data errors that have unexpectedly occurred. 
2. Customization: Business Central’s tools can be customized to support complex data needs beyond the limitations of QuickBooks.
3. Evaluation: The integration with Power BI allows for visualizations that offer detailed data on business performance, which can be evaluated. 

These simple steps can provide deeper analysis and actionable data that will continue to improve reporting and align it with the most accurate information available. 

The future of Business Central

While time-saving tasks, like automating inventory management with Business Central after QuickBooks, represent a more modern approach to how AI innovations reduce manual processes, the journey doesn’t end there. One of the most exciting benefits of migrating from QuickBooks to Business Central is that it unifies people across teams, locations, customers, and suppliers alike to improve both service and productivity. 

As Dynamics Business Central 365 constantly evolves, it makes sense that companies utilizing its advancements will also continue to grow. Keeping team members fully aware of important updates and changes to how Business Central operates will cultivate a workplace mindset that embraces new future innovations and considers how your company can meet its full potential. 

Improved productivity in business operations will satisfy customers while maintaining a clear strategic plan that welcomes future challenges instead of hiding from them.

Dynamics 365 Business Central implementation & consulting

Compliance regulations, processes, and day-to-day business operations continue to expand and change. It’s comforting to have the support of software, systems, and partners to help your business unify these requirements into a simple solution. 

ArcherPoint by Cherry Bekaert has an established and dependable framework that offers long-term plans to achieve your goals, along with the added flexibility to adjust course as needed to accommodate any unexpected business needs. With over two decades of experience in enterprise management systems, we have partnered with businesses in a range of key sectors, including retail, manufacturing, and distribution services. 

By leveraging this experience to create tailored solutions for our partners, our professionals and consultants explore new possibilities to enhance communication, foster collaboration, and establish robust business operations. We also assist businesses with maintaining carefully detailed records through change management processes. 

Our dedicated team of master consultants, retail specialists, Microsoft MVPs, supply chain experts, technical futurists, and workflow experts is always ready to deliver for every client engagement. Contact us to discover how we are continually making work easier for our clients.

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