SAP Business One - Finance

SAP Business features a chart-of-accounts template for every county, which can be adapted to business requirements. The solution can also handle all your financial transactions including general ledger, account set up and maintenance, journal entries, foreign currency adjustments and budgets.

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Journal entries: easily create new journal entries and search for existing ones. In addition, you can automatically allocate each transaction to a project or a profit centre.

Journal vouchers: save multiple manual journal entries to a batch and process simultaneously, allowing verification and collection of postings before they are entered into the general ledger.

Posting templates: define G/L account assignment models, helping to save time and help avoid mistakes during the manual posting of journal entries.

Recurring postings: define their own postings for regular execution in accounting and specify a frequency for each recurring posting - also automatically reminding them to enter these postings.

Reversing journals: reverse month-end accruals posting automatically. By default, reversal of specified postings will occur on the first date of the following calendar month, but you can specify a different reversing date for each posting

Exchange rate difference: periodically evaluate their open items in foreign currencies, then identify difference and choose the appreciate correction transaction.

Financial report templates: quickly and easily generate any number of financial report templates, allowing you to create templates for any purpose, such as additional profit-and-loss statements.

Budgets: define and manage budgets against accounts - configure budget allocation methods, define budget figures on any currency, and display a summarised budget report that compares actual and planning figures.

Define profit centre: define different profit centres or departments. You can allocate the corresponding revenue and cost accounts to a pre-defined profit centre in the chart-of-accounts.

Define distribution rules: define different distribution rules to characterise business activities, and then allocate a revenue or cost account to the corresponding distribution rule.

Table for profit centres and distribution rules: display profit centres and distribution rules in table form. All figures are displayed clearly and can be adjusted as necessary.

Profit centre report: is based on revenues and costs - both direct and indirect - as defined in the allocation rules, and it can be run for any profit centre.

There has never been a better time to realise the benefits of SAP Business One

For more information, please call our Product Advisory Team at your local office.