SAP Business ByDesign | Financial Statements

Financial Statements

SAP Business ByDesign ERP system provides manufacturing and distribution businesses with a simplified accounting method for creating financial statements. All financial transactions are recorded according to a one-document principle and automatically posted to the general ledger as well as to all relevant sub ledgers providing a complete and transparent audit trail.

With SAP Business ByDesign enterprise resource planning system, businesses gain the ability to close books and create reports without the need for separate ledgers The fast-close functionality aids in speeding up the closing process and delivering more accurate and timely financial statements. Save time and reduce costs with the ability to create financial statements quickly.

SAP Business ByDesign ERP solution offers manufacturing businesses the following features and benefits for creating financial statements:

  • Process tax declarations and determine accounts for corresponding postings.

  • View analytics of all financial transactions.

  • Create periodic liquidity forecasts.

  • Streamline expense approvals with built-in workflows.

  • Create financial statements with ease.

  • Speed up closing processes.