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Global License
This license file enables you to access and create SAP Business One companies in all localizations supported by SAP Business One. This license is mainly for large customers that have branches in many different countries, and require constant access to the SAP Business One companies in different localizations.
Journal Entry
A journal entry is a logging of a transaction to an account. The journal entry could be either a debit or a credit. If the total of the debits is not equal to the total amount of credits, the journal entry is called “unbalanced”.
What Is A Control Account?
Control accounts are linked to business partners. When a document is posted to the business partner, the journal entry includes also the control account. Each customer has one default A/R control account, and each vendor has one default A/P control account, however it is possible to replace the control account in any document. A control […]
GAAP
GAAP stands for Generally Accepted Accounting Principles.
Additional Excise Duty
A form of excise duty, in India, levied on a select range of products, for the most part, textiles. Valid only for this country: IN
Currency
A medium of exchange in current use within a particular country.
Central Value-Added Tax
A procedure whereby businesses (for example, in India) can offset excise duty on inputs against excise duty on outputs, similar to value-added tax in other countries. Valid only for this country: IN
Bank Transaction Handling Facility
An add-on that facilitates the automatic import of electronic bank files into the application.
Business Activity Statement Report
Business activity statement (BAS) reports are used by businesses in Australia to report their goods and services tax (GST), pay as you go (PAYG) and fringe benefits tax (FBT) obligations to the Australian Taxation Office.