16 Mar 6 Things Your IT Firm Needs To Consider Before Using Microsoft Dynamics [Part 3]
Thanks for coming back! It’s time to end this accounting software trilogy with taking a look at Microsoft’s Dynamics.
Microsoft Dynamics (formerly known as Great Plains), is a different brand of accounting software. Our earlier post we examined QuickBooks accounting software, and by and large they are well suited for small-to-medium size businesses.
Microsoft Dynamics belongs in a slightly different category than QuickBooks since it’s primarily a software made for advanced accountants.
Similar to the previous post, we’re going to break down the main pros and cons of Microsoft Dynamics, letting you decide what accounting software is best for your company.
Dynamics, of course, has an extremely simple and streamlined feel about it. Like other Microsoft products, Dynamics has a sleek and easy to use the system. If you use Windows and are familiar with how PC’s are laid out, you’ll find the software easy to navigate.
Pro: On-premise or cloud
Dynamics from a customer’s point of view is the same whether housed in the cloud on-premise or through the web. Competitors of Microsoft’s only offer limited cloud apps.
This similarity between cloud and on-premise software options can be a great benefit for companies where data sensitivity and the need to house data on site is vital. It also gives a company by letting them choose between the cloud or on-premise systems. Both are fully functioning programs, and it lets your accounting software to be flexible.
Pro: Dynamics is a high-quality Microsoft product
Dynamics provides many user options for customizing the system to an individual company’s needs for custom reports, posting options, lookups, and menu organization. You can also attach notes to screens or master records. In addition, you can store images, multimedia files, and documents in the note field.
Con: For larger companies
Microsoft Dynamics is definitely not a good option if you’ve got under 100 employees. It’s a very robust software that is great for accountants for a larger company that has a lot of
Con: Doesn’t play nice with non-Microsoft programs
There’s a lot of complaints that Microsoft Dynamics struggles integrating with other programs that are not specifically made by Microsoft. Dynamics has of course been optimized for compatibility with Microsoft software products and tend to struggle to implement programs outside of the Microsoft family.
Con: Pricier, and sold through independent vendors
If you go online and look, the basic line of pricing for Dynamics is around $50, which is higher than QuickBooks and Xero software.
Dynamics is also sold through independent software vendors, which is made up of Microsoft accredited third-party resellers. Therefore we’d like to point out that the $50 for basic pricing is flexible, depending on who the vendor is reselling the software.
Overall, Microsoft Dynamics is great accounting software. It’s not the best for smaller businesses, but if need a more robust option then QuickBooks, then Dynamics is an excellent choice worth checking out for your business.
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