Accounting and Finance
SAP Business One provides a complete set of tools to help manage and streamline your financial operations. It automates everyday accounting tasks such as maintaining ledger and journal entries, supporting tax calculations, and enabling multicurrency transactions.
Most journal entries are posted automatically from sales, purchasing, and banking. SAP Business One also allows users to create journal entries and reverse month-end accruals postings automatically. Journal vouchers enable users to save multiple manual journal entries to a batch and process simultaneously. This allows verification and collection of postings before they are entered in the general ledger.
Multi-Dimensional Cost Centres
SAP Business One allows the management of cost centres in multiple dimensions providing the ability to easily analyse financial information. Businesses can easily structure their cost centre structure in hierarchies for sophisticated and accurate reporting.
Exchange Rate Differences
The solution lets users periodically evaluate their open items in foreign currencies, then identify differences and choose the appropriate correction transaction.
Users can configure budget allocation methods, define budget figures in any currency (local, foreign or both), and display a summarised budget report that compares actual and planned figures.
SAP Business One offers extensive integrated reporting tools for creation of business, accounting, warehouse, and financial reports, account statements, and creation of customised reports. Reports can be exported to a variety of different formats including Microsoft® Excel®, Microsoft® Word® and PDF.
“Management of the business has been transformed; we are no longer operating blindfolded. Cash flow and profitability have improved and we have visibility of profit on a customer by customer basis.”
Group Finance Director, Sunraysia