SAP Business One | Accounting and Financials Overview

Accounting and Financials Overview

SAP Business One ERP system offers a comprehensive and completely integrated system to effectively manage all financial and accounting needs for growing manufacturing and distribution businesses. Simplify and streamline financial management processes with automation and real-time posting.

The accounting and financial tools in SAP Business One solution support the following business processes:

Financial Reporting — Easily access and create a broad range of standard and customizable financial reports such as balance sheets, cash flow analysis, profit and loss statements, multi-period comparisons, budget reports, and transactions reports.

Accounting — Manage all accounting transactions in one place including account setup and maintenance, journal entries, general ledger, and budgeting. Handle multi-currency transactions and simplify processes with automatic tax calculations.

Banking and Reconciliation — Efficiently reconcile accounts and process all payments including credit and debit cards, checks, and cash. Electronic bank statement processing allows account data received from the bank to be imported and automatically posted into relevant balance sheets.

Controlling (or Cost Accounting) — Effortlessly manage cash flow, track budgets, and compare actuals to planned budgets for an accurate and current view of the business. Set up distribution rules that enable automatic allocation of funds to profit centers based on predefined terms.