Microsoft Dynamics 365 Business Central is the ideal ERP for businesses looking to transition from Microsoft Dynamics GP to a cloud-based solution. To help you prepare for this transition, we are sharing a comparison guide between Microsoft Dynamics GP and Microsoft Dynamics 365 Business Central, highlighting key financial processes.
The videos referenced in this article were created by Microsoft.
Receivables Transactions
Explore how to enter receivable invoices and credit memos in Dynamics GP and see how this process compares to entering these documents in Dynamics 365 Business Central. This demonstration shows how Business Central’s user-friendly design and specialized functionality can save you time.
Pay Vendors
See how to pay vendors in Dynamics GP and compare that with the experience of paying vendors in Dynamics 365 Business Central. This video also demonstrates how Dynamics 365 Business Central helps ensure timely vendor payments while allowing you to monitor your cash flow effectively. You will notice improved features in Business Central that give you better control over your cash flow by prioritizing your most urgent payments.
Receivables Cash Receipts
Review how to enter receivable cash receipts in Dynamics GP and compare that process with entering customer payments in Dynamics 365 Business Central. This is an aspect that requires special attention, and Business Central can help you see it more clearly.
Segments and Dimensions Setup
Discover how segments from GP are migrated to dimensions in Business Central and what your chart of accounts will look like after the migration. See how easy it is to organize your views in Business Central, making your analytics reports simple to produce.
Transactions and Reporting with Segments and Dimensions
Find out how you can achieve similar posting for a segmented chart of accounts from GP by using dimensions in Business Central. Business Central offers more detailed features that help you gain insights and make strategic decisions for your business.
Classes and Templates
Learn how templates in Business Central are similar to classes in GP, enabling streamlined data creation and enhanced data accuracy. Business Central allows you to easily customize customer templates to accurately classify your customers based on well-established parameters in your system.
General Journals
Gain more insight about the process of entering General Journal Entries in Business Central and how it differs from GP. Account information in Business Central is easy to generate. You can even work in an Excel sheet and publish it, with changes automatically reflected in Business Central. This flexibility enhances your workflow.
Correcting and Reversing Entries
Understand how to correct General Journal Entries in Dynamics GP and compare it to the experience of reversing those same entries in Business Central. Additionally, explore how to correct dimensions on posted transactions. Business Central offers an easy and quick process for these tasks.
Payables Transaction Entry
Explore how to create a payables transaction in Dynamics GP and compare it to the process of entering the same transaction in Dynamics 365 Business Central. Business Central offers two entry options depending on what you need to track. Both are easy to use and provide a more personalized experience for the user.
Trial Balance and Aging Reports
Develop the ability to print comparable reports in Business Central, such as the Trial Balance and Aging Reports from GP. Business Central offers several parameters you can include before exporting your reports, demonstrating the flexibility and potential of this tool.
Posting Accounts and Groups
Know how to replicate a similar posting account setup from GP by utilizing posting groups in Business Central. See how Business Central streamlines this task in detail for more precise insights. Distinguish whom you are buying from and selling to, as well as what you are buying and selling.
Account Schedules
Compare the financial reporting tools available in Dynamics GP and those offered in Dynamics 365 Business Central. Business Central offers the best tools to customize your financial reports and view detailed information within them.
Be ready for your transition!
Microsoft announced in September 2024 the end of support for Dynamics GP on December 31, 2029, with security updates scheduled to stop on April 30, 2031. While GP remains a reliable solution, it is essential to anticipate upcoming changes. Staying competitive in an ever-evolving market requires forward-thinking decisions. With four years that will pass quickly, now is the ideal time to begin transitioning your operations to the cloud with Microsoft Dynamics 365 Business Central.
Business Central offers advanced features such as an improved user experience, optimized financial reporting, better cash flow control, and streamlined data management, all centralized in one place. By starting this transition now, you ensure a smooth evolution toward innovation and performance for your business.
Ready to move to the cloud? Our team is here to support you at every step of the process and ensure a successful migration. Contact us today at moc.o1760327184cavoj1760327184@sela1760327184s1760327184 to start planning your transition!
