SAP Business One | Banking & Reconcilliation

Banking and Reconciliation

The banking and reconciliation functionality in SAP Business One ERP software delivers a streamlined financial management solution for manufacturing and distribution businesses. Effectively manage all incoming and outgoing payments with ease. Process all payment types including credit cards, debit cards, checks, cash, and bank transfers. Accurately reconcile accounts with full automation options.

SAP Business One banking and reconciliation module enables payments to be reconciled both manually and automatically. For maximum efficiency, the payment wizard allows for reconciliation of multiple accounts receivable and accounts payable invoices in batch mode, which then automatically posts the transaction to the journal. The solution supports electronic bank statement reconciliation — data received from the bank can be imported and automatically posted into applicable balance sheets.

SAP Business One ERP solution provides the following capabilities:

  • Efficiently and accurately manage payables and receivables.

  • Integrate multiple forms of payments such as cash, checks, credit cards, debit cards, and electronic funds transfers.

  • Automatically reconcile customer and vendor payment transactions.

  • Print check batches.

  • Easily generate check and payment reports.