Irrespective of the type and size of the business you are operating in Bahrain, it is important that you make use of accounting software applications to record transactions quickly and easily and manage all your financial activities from a centralized location. Further, certain modules may be activated on demand. They include analytic accounting, budgeting, assets management, and consolidation of multiple companies. If the accounting software applications you use form part of an ERP solution, the finance function gets integrated with other functions and provides data in real-time.
When it comes to accounting software applications Bahrain, Microsoft Dynamics, a suite of ERP and CRM software, is widely considered as a valuable tool for businesses. Though Microsoft launched Dynamic in 2005 with four market-leading ERP programs, they have all been brought under one umbrella, Dynamics 365. Today, Microsoft offers two comprehensive ERP applications – Dynamics 365 Business Central and Dynamics 365 for Finance and Operations for small to medium-sized businesses and medium to large organizations. They come with broad financial functionality, extensive geographic coverage, and cloud focus.
Dynamics 365 Business Central ERP
Dynamics 365 Business Central, most suitable for businesses having an employee strength of 50 to 250, is designed to serve as a one-stop-solution for smaller businesses that do not need extensive capabilities. Though the Business Central can be synced with other programs in the Dynamics suite, it provides companies with functional modules such as finance, supply chain, operations, project management, and CRM. Further, as Business Central does not specify any user limit, businesses of all sizes may utilize its features.
As your company grows, you can upgrade to Business Central from the entry-level accounting software that you have been using. The financial management capabilities offered by Business Central include payables and receivables management, cash flow overview, and preparation of VAT and quarterly and annual financial performance reports. After quickly setting up the general ledger, you can start posting to general and recurring journals, and chart of accounts. Additionally, you can easily keep an eye on fixed assets and associated transactions and inventory. Business Central also makes auditing more intuitive.
Accounting Software Applications: Microsoft Dynamics 365 for Finance and Operations
Dynamics 365 for Finance and Operations is the most extensive and advanced ERP system and includes modules such as financials, supply chain management, and manufacturing. It also comes bundled with two additional applications for human resource management and retail. If you employ more than 250 people in your organization, you will need Dynamics 365 for Finance and Operations to cater to all your requirement of accounting software applications in Bahrain. The comprehensive ERP program comes with all capabilities required for financial management and the benefits of an intelligent, cloud-hosted solution.
Dynamics 365 for Finance and Operations includes everything from the general ledger, account receivables, payables, and budgeting to bank reconciliation and helps businesses oversee both their incomings as well as outgoings. The general ledger tools allow users to create their own chart of accounts that are capable of perfectly meeting their company’s needs.
Zerone Hi Tech Bahrain
Zerone Hi Tech is one of the top systems integration companies with offices in multiple countries, including Singapore, Qatar, Bahrain, and India. The IT solutions provider is also a certified Microsoft Gold Partner. The company has over 600 clients across the Middle East, South Asia, and Africa. Zerone Bahrain has proven experience in implementing Microsoft ERP and CRM solutions and integrating compatible third-party solutions that would cater to the specific needs of your industry. Whether you want to seamlessly migrate to Dynamics 365 for F & O or BC from a Microsoft product you are currently using or implement one of the ERP solutions for the very first time, we can help you.