Microsoft Cloud ERP Business Central is designed specifically for small and medium-sized businesses. Numerous technological enhancements are provided by this cloud-based business management software solution to assist business leaders in managing the entire enterprise from a single, integrated source.
Business Central for Financial Management is the financial management tool in Microsoft Dynamics 365 Business Central. It allows users to manage their finances and accounts, by providing a single view of all the financial information.
This section provides a brief introduction to Business Central Financial Management and its advantages.
Key Advantages
You can start posting to the general ledger, chart of accounts, general journals, VAT facilities, recurring journals, and source codes after installing Business Central. You can record, sort, summarize, and maintain balance with it.
You can work with budgets in general ledger accounts at a standard Microsoft Dynamics 365 Business Central Licensing. You can get live data from your system and make the most of the budget updates to improve our company’s forecasting abilities.
CFOs can set up deferral templates that help automate the process of deferring revenues and expenditures over a predetermined schedule by utilizing the core capabilities of Microsoft Dynamics Business Central. It promptly helps with perceiving income or cost in a period other than the exchange posting period.
You can keep track of fixed assets and related transactions like acquisitions, depreciations, write-downs, appreciations, and disposals with the deployment of Business Central. With user-friendly reporting, it makes it simple to project fixed asset depreciation whenever it is needed. Additionally, for better budgeting visibility, you can manage maintenance costs and the next service date for each asset.
The advantage of Business Central is that it can be integrated with other Microsoft solutions such as Power BI, PowerApps and Flow. This makes it easier for the company to make decisions based on data gathered from different sources.
