The Microsoft Dynamics 365 Business Central User’s Guide

An efficient cloud-based enterprise resource planning (ERP) tool, Microsoft Dynamics 365 Business Central helps businesses manage their finances, operations, sales, and customer service. Whether you manage a small startup or a large corporation, Business Central can enhance decision-making, simplify company processes, and boost productivity.      

Come, let’s walk through the setup and usage of Microsoft Dynamics 365 Business Central step-by-step in this thorough guide.   

What Is Microsoft Dynamics 365 Business Central? 

Microsoft Dynamics Business Central, formerly known as Microsoft Dynamics Navision, is the newest version of Microsoft NAV Dynamics. While new users can only purchase Microsoft Dynamics Business Central, veteran users can continue to use Microsoft NAV Dynamics.   

The cloud-based ERP solution was developed with small- to medium-sized businesses in mind.   

But how precisely would using this software help businesses? 

It assists businesses with a variety of tasks, such as:  

• Financial management and accounting
• Payments for purchases 
• Keeping track of inventories 
• Management of the supply chain
• Managing projects 
• Control of services 
• Managing the warehouse 

Additionally, businesses may quickly add any feature they need or modify the software to suit the demands of their particular industry. 

Microsoft takes great pleasure in how easy it is for users to learn Microsoft Dynamics Business Central since every step of the software’s development was driven by the aim for simplicity. 

Also Read: Streamlining business operations with D365 Business Central workflows 

Specifications of Microsoft Dynamics Business Central 

Let’s look at some of the specifications of Microsoft Dynamics 365 Business Central:  

Financial Management 

Businesses can access information about their financial health and operational success using Microsoft Dynamics Business Central.  

This feature of Microsoft Dynamics 365 Business Central provides:  

• Budgets: With Budgets, users may monitor the development of their businesses. They may make use of them for accounting reports, analytics, or data that was transferred to Power BI for data sharing and analysis.  
• Dimensions: Users utilize this functionality to specify the characteristics of transactions. Departments, projects, sales channels, and geographic regions are just a few examples of different dimensions.  

• Cost accounting: This role oversees project, operation, department, and team costs both real and budgeted, providing information on the cost structure of the business. 
• Fixed assets: Users can keep track of fixed assets like structures, equipment, and machinery. Managing financial activities such as purchases, write-downs, and depreciations is also feasible with Microsoft Dynamics Business Central. 
• Cash flow forecast: With the use of this function, users may forecast how their company’s liquidity will change over time. 

Sales and Customer Service 

Deliver outstanding customer experiences to increase revenue with features like: 

• Orders & Sales Quotes: Create quotes and control the sales order procedure. 
• CRM: Customer Relationship Management Continually update customer profiles, monitor interactions, and oversee sales prospects. 
• Service Management: Manage cases, complaints, and warranties for customer service. 

Supply Chain Management 

For satisfying consumer requests and keeping costs under control, effective supply chain management is essential. 

Business Central offers following: 

• Inventory Management: Optimize stock levels, establish reorder points, and control inventory across numerous locations. 
• Purchase Order Processing: Process purchase orders, keep track of deliveries, and monitor vendor bills. 
• Sales Order Processing: Create sales orders, control discounts and pricing, and keep track of customer invoicing. 

Reporting and Analytics 

Business Central offers resources for thorough reporting and analysis, such as: 

• Dashboards: Create customized dashboards to keep an eye on key performance indicators (KPIs) and obtain instantaneous insights. 
• Reports: Using Power BI connection, you can either use pre-built reports or build new reports. 

Integration 

The seamless integration of Business Central is meant to: 

• Microsoft 365 Integration: Utilize Microsoft 365’s (previously Office 365’s) capabilities for productivity, communication, and collaboration by integrating programs like Outlook and Excel with ease.  
• Power Platform Integration: Connect with Power Apps and Power Automate (previously Microsoft Flow) to build specialized workflows and programs that cater to your company’s requirements. 
• Third-Party Integrations: To expand functionality and satisfy certain business needs, Business Central can be quickly connected with third-party programs and sector-specific software.