SAP Business One Accounting and Financial Overview Module

Accounting and Financial Overview

SAP Business One ERP system offers a comprehensive and completely integrated system to effectively manage all financial and accounting needs for growing manufacturing and distribution businesses. Simplify and streamline financial management processes with automation and real-time posting.

Financial Reporting

Easily access and create a broad range of standard and customizable financial reports such as balance sheets, cash flow analysis, profit and loss statements, multi-period comparisons, budget reports, and transactions reports.

Accounting

Manage all accounting transactions in one place including account setup and maintenance, journal entries, general ledger, and budgeting. Handle multi-currency transactions and simplify processes with automatic tax calculations.

Banking and Reconciliation

Efficiently reconcile accounts and process all payments including credit and debit cards, checks, and cash. Electronic bank statement processing allows account data received from the bank to be imported and automatically posted into relevant balance sheets.

Chart of Accounts:
 Lists all of the company’s general ledger accounts and is the basis for reporting and posting activities.  

Journal Entry:

 Manually records all of your accounting transactions as they occur and post them to the general ledger.

Posting Templates: 

Fixed templates that are designed for recurrent journal entries.

Exchange Rate Differences: 

Periodically recalculates the local currency (LC) and foreign currency (FC) balances according to the exchange rate on the day the differences are calculated.

Budget: 

Define budgets for accounts based on relevant scenarios. By creating a particular scenario you can determine whether or not the budget will balance for a project. 

Cost Accounting: 

Identify and create a set of cost focal points, distribution rules, and generate expense and revenue analysis reports that measure the profitability of projects and business departments.  

Financial Reports: 

Provides information and analysis on all financial activities in the areas of accounting, finance, comparative analysis, and budgeting.

Financial Reporting:

SAP Business One ERP solution offers manufacturing and distributing businesses a wide range of financial reports including profit and loss statements, balance sheets, profitability reports, cash flow analysis, budget reports, and multi-period comparisons

The following standard reports are available in SAP Business One enterprise resource planning Financial Reporting module:

Customer Receivables Aging Financial Report: 

 A critical report used for managing cash flow. Helps to evaluate the quality of customers’ credit and to determine the amount and duration of money owed to the business. This report is a monetary controller of the Sales A/R module.

Vendor Liabilities Aging Financial Report:

Assists in determining the amount and duration of money owed to vendors. This report is a monetary controller of the Purchasing A/R module.

Balance Sheet Financial Report:

Offers insight into the financial health of the company by showing a summary of the business’s value of assets, liabilities, and ownership equity.

Trial Balance Financial Report:

Compares the balances between different companies or posting periods.

Profit and Loss Financial Report:

Provides a summary of the company’s profits and losses during a specified period of time.
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