#Microsoft dynamics accounting software
With project management software already integrated into the ERP, Dynamics SL can help you be proactive and manage time and expenses efficiently. They are not made for the same type of companyĪs established earlier, the difference between Dynamics GP and Dynamics SL is that they serve two different types of businesses: the former focused on projects, the latter on retail and services. The difference between Dynamics GP and Dynamics SL is that not only do they serve their ERP goals, but they are also focused on two different types of businesses, and use two different kinds of processes. Dynamics SL combines project management software with accounting capabilities for global functionality. What does that mean?ĭynamics GP will provide all the finance, accountant, processing, supply chain, and distribution tools that a small- or mid-size business might need. These are essentially the only two things they have in common since Dynamics GP might be called a traditional ERP while Dynamics SL is a project-based ERP. The main difference between Dynamics GP and Dynamics SL It’s no surprise that the public confuses one with the other because their predecessors were very close and they are both ERP systems. Only a year later, Microsoft acquired Great Plains and, incidentally, both programs. When Great Plains acquired Solomon in 2000, it made great waves in the market. They were without a doubt two of the best solutions on the market. If we go back twenty years to the 90’s, you may be surprised to hear that Dynamics GP and Dynamics SL were big competitors and owned by different companies. As you will see, it’s fairly clear which is best for your business. The differences between Dynamics GP and Dynamics SL are many and easy to find since they don’t target the same businesses and don’t work the same way.
#Microsoft dynamics accounting download
Yes, they are both ERP, but the similarities pretty much end there.Ĭlick here to download our free ebook on Dynamics 365 and get answers to your questions! It can be challenging to compare Dynamics GP (formerly Great Plains) and Dynamics SL (formerly Solomon). Since they are designed to suit very complex core business processes and not all businesses operate the same way, it is interesting that software companies make ERP that targets specific industries or companies.īetween choosing a ready-to-implement solution or one that requires much time and money to customize to your specific needs, the choice is clear.
Microsoft Dynamics NAV integrates with other add-on business solutions, including software that automates payables and global mass payments.Not all ERPs are created equal. Users can choose integrations with Microsoft Dynamics Sales or Salesforce CRM software and a wide variety of storefronts and other eCommerce integrations. For eCommerce sellers, drop shipments from vendors to customers (without warehousing the items) reduces costs and saves time. Microsoft Dynamics NAV handles cycle counts and annual physical inventory counts with adjustments for reconciliation. NAV prepares a bill of materials (BOM) with product components and tracks raw materials, work-in-process (WIP), and finished goods for manufacturers. Choice of integrated CRM systems, eCommerce and other add-on solutionsĪdvanced warehouse configurations and inventory management features include moving items using Movement Worksheets, calculating bin replenishment, and bin content.Fixed assets accounting, depreciation, and maintenance and insurance tracking.Drop shipments from vendors to customers.Advanced inventory, cost accounting, distribution, and manufacturing.Microsoft Dynamics NAV has a large user base in manufacturing and distribution companies because its inventory management, manufacturing, distribution, and cost accounting features are very advanced.ĬPAs in accounting firms use Microsoft Dynamics NAV to access and review client NAV software accounts.Ĭompanies needing project accounting and project management features use NAV.Įcommerce and retail companies use the NAV system with their choice of third-party add-on integrations, including storefronts. Besides businesses, non-profit organizations and government entities use Microsoft Dynamics NAV. Industries include software, IT services & tech, manufacturing, distribution & supply chain, eCommerce & retail, service companies, repair shops, oilfield services companies, financial services, healthcare, and educational institutions. The cost makes Microsoft Dynamics NAV ideal for mid-sized companies. Small businesses and mid-sized companies and organizations in many industries use Microsoft Dynamics NAV.