Microsoft Dynamics 365
Tech Tea

An Introduction to Microsoft Dynamics 365 Business Central

by Nick Conley

If you were unable to join us during our Solutions Conference 2020… well than shame on you. You didn’t even need to get out of your PJ’s to attend this year’s virtual event! All joking aside, the event went off without a hitch, much to my surprise as this was our Firm’s first attempt to go completely virtual. 

I was tasked with two presentations pertaining to the Microsoft Dynamics 365 Business Central product, for which I will use the shortened Business Central for the rest of this article. Yes, we know it’s a mouthful. These included both an overview session, and a what’s new and what’s coming in 2020. Both of which I recommend for anyone looking to upgrade their current accounting or ERP software. 

The first thing you need to know about Business Central is that this is a comprehensive, customizable, fully cloud based ERP solution that is managed and continuously updated by Microsoft. What this means for you is major cost savings. There are no servers or backoffice hardware that needs to be setup, maintained, or upgraded. You can also take solace in the fact that the backend is managed by the tech goliath Microsoft. This means that outages are non-existent and the resources dedicated to the product are numerous. Also, being fully cloud based means that you can access the system from anywhere and with any device given you have an internet connection. No longer must you be in the office to access your accounting system, and if you have people in the field with a smart phone or tablet they will be able to input data remotely instead of having to remember when they return to the office.

While Business Central has been designed to fit just about all business segments, you will want to discuss licensing types with your salesperson who can guide you into either the Essentials or Premium offering. While these two licenses open the system to a fuller capacity, depending on your needs you may need to opt for the premium version if you are a manufacturer or need service order management. There is also a Teams license that is a fraction of the cost for those members of your staff whom only need to read data and/or perform basic tasks.

To circle back to the customizable aspect of the system, Microsoft has made making changes to the system very easy for Partners to execute as well as a plethora of ISV (third-party independent software vendor) solutions that are available to users in AppSource. This also harkens back to the Microsoft being a goliath in the technology space, as there are an overwhelming amount of developers creating add on products to Business Central to increase ease of use as well as organizational efficiencies. If you are coming from a previous Microsoft product, and already have a product from an ISV vendor that you enjoy, then you will most likely find that in AppSource already as many of them have already ported those products over to the cloud based solution Business Central.

I welcome you to head over to the conference platform* where you will be able to find this recording, as well as many others you might find interesting. You will see how to navigate around the system in real time. I cover the home screen, and how it can be personalized to your preference. I  also take a shallow dive into customer, vendor, and item cards to showcase how filling these cards out will help cut down on your time when I get to showcasing the purchase/sales order processing. I then take you through the chart of accounts, how setting this up will aid in creating and modifying your financial statements, as well as using the general ledger accounts for journal entries.

Thank you for reading, and I look forward to opportunity to work with all you in the future as you make your transition to a cloud-based ERP solution. If you have any questions please reach out on our website, one of our consultants, or a member of our knowledgeable sales staff.


Note: *Registration is required to access the conference platform, please register here.