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 […]
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 […]
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.
If the Customer enters a GL Account in the “To Order Of” Field it will debit the GL Account Cons: The Customer will have to manually Type In the “Pay To” Information (Power Company, 1234 Power Road, Power Lane, CA 123456) There is no History on the BP Master Record for this payment (Power Company) […]
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) […]
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) […]
You may find that you need to delete a G/L account. For example you may have setup a G/L account that you never ended up using. You can only delete a G/L account if: No transactions have been posted to the account, including the opening balance The opening balance has not been posted to the […]
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 […]