How To Record Transactions From External Statements In SAP Business One

To record transactions from external bank or business partner statements, you can enter information manually or automatically. Later, to reconcile these transactions with the transactions recorded in the books, use the reconciliation function. Note: If you use the localized function for manually performing external reconciliations to avoid creating duplicate reconciliations, do not simultaneously use this […]

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How To Use The Cost Accounting Reconciliation Report In SAP Business One

To make sure that expenses and revenues are posted to the correct period, define accrual types to reflect the differences between financial accounting and cost accounting, and then use the report to get an overview of financial accounting and cost accounting in your company. Authorization is required for viewing this report. Use this window to […]

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How To Use The Reconciliations Fail To Pass Revalidation Window In SAP Business One

After you revalidate the manual internal reconciliations that match the selection criteria you defined, this window displays the reconciliations that fail to pass the new validation. This window is divided into two sections: Reconciliation History – lists the reconciliations that fail to pass the new validation. Reconciliation Details – lists the transactions associated with the […]

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How To Revalidate Manual Internal Reconciliations In SAP Business One

If you have upgraded to SAP Business One 8.81 from a previous release, you may have manual internal reconciliations that were performed not in line with the new validation rules in respect of withholding tax. You can use the function to revalidate all manual internal reconciliations with the new validation rules. Authorization is required for […]

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What Is An External Reconciliation?

External reconciliation is the comparison of open transactions within SAP Business One with an external account statement. Most commonly this is a bank statement. However, it could be a business partner’s account statement containing a list of transactions that your customer sends to you as its vendor, for example. For external bank statement reconciliations, SAP […]

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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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Key Features Of Financials Management With SAP Business One

The SAP Business One application enables you to simplify and automate financials management. It provides a comprehensive and integrated set of tools that allows you to manage all the accounting and financial processes in your company. Business Challenges Inefficient and error-prone accounting and financial processes due to duplicate data entries and lack of integration between […]

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Financials Management Features of SAP Business One

Accounting Implement and adapt predefined chart-of-accounts templates Manage accounting transactions such as journal entries, journal vouchers, recurring postings, and posting templates Manage multiple currencies for accounts payable and accounts receivable Create balance sheet, profit and loss, and other financial reports Controlling (or Cost Accounting) Define and manage budgets Handle payment terms, customer reminders, and cash […]

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