How To Create G/L Accounts In SAP Business One

You can create G/L accounts manually or, if you use account segments, you can generate them automatically. Use automatic generation for the following purposes: To create active accounts from a combination of different segments
Active accounts are accounts in the chart of accounts to which journal entries are posted.
Segments represent the specific business units, such as […]

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What Is An Internal Reconciliation?

Matching and clearing transactions for business partners or for G/L accounts is part of the bookkeeping process. The internal reconciliation function in SAP Business One lets you match and clear transactions that remain open for a business partner in the application. You can perform either a partial or full reconciliation for a specific business partner […]

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Account Accumulator

A cumulative storage medium for each G/L account or business partner. Every accounting transaction is recorded in corresponding accumulators according to the G/L accounts and/or business partners involved.

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How To Change a General Ledger Account In SAP

It’s common for businesses to need to change the chart of accounts in SAP Business One. For example you may need to update the name of one of your banks. Here’s how to change a G/L account: 1) Inside the Modules tab of SAP Business One navigate to: Financials > Edit Chart of Accounts 2) […]

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How To Move A General Ledger (G/L) Account In SAP

If for example you need to reorganize your subsidiary’s accounts, you’ll need to know how to move a G/L account. Here’s how: Note: Moving a parent account also moves its child/sub-level accounts. How to move an account: 1) Inside the Modules tab of SAP Business One navigate to: Financials > Edit Chart of Accounts 2) […]

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How to Create Opening Balances for G/L Accounts – SAP

SAP > Administration > System Initialization > Opening Balances > G/L Opening Balances Choose the G/L Account Range (from / to) Click OK If your company’s Fiscal Year does not Start on January 1st, change the Date value to the required date Enter the offsetting G/L Account in the “Opening Balance Account” field Enter the […]

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