Manage Accounting, Cash Flow and Banking Transactions

Rather than investing in a small business accounting software only to find you have increasing functional requirements and have to go through the hassle and disruption of changing software again later you should consider investing in SAP Business One. You can gain the accounting functionality that your business requires while at the same time integrating and more efficiently managing all other critical business functions.

The SAP Business One solution is built around its Financial module. The entire application feeds into the system in real time. The Financial module has the ability to drill down from any journal to the transaction.

SAP Business One Accounts

SAP Business One has the ability to create a standard chart of accounts or a segmented chart of accounts depending on the needs of individual companies. For companies with offices in different locations each general ledger account code can be based on any currency setup within the system.

SAP Business One Stock Module

The stock module is completely integrated into the general ledger and all stock transactions post in real time to the Financial. No more need for accruing goods received that have not yet been invoiced. SAP Business One’s integrated stock and general ledger does the accrual for you.
Other features within the general ledger include Budgeting, Profit centre reporting, Project reporting and Multi-company consolidation.

SAP Business One Financial Reporting

SAP Business One allows you to create a significant number of financial reports. Financial reporting and analysis permits you to create a wide range of standard or customised financial reports from real-time data for business planning and audit reviews.

SAP Business One Banking

Within SAP Business One you can track all banking processes such as cash receipts, cheque writing, deposits, advance payments, credit card payments and account reconciliation and overall Cash Flow Management.

Month End Closing

SAP Business One has many features to support efficient month-end cycles including:

 Activity window allows you to assign tasks and create reminders.
  
 Assign control accounts and ensure the general and subsidiary ledgers remain synchronised.

 Create posting templates to save time and improve accuracy.

Automated processes

SAP Business One automates virtually all key transactions. For example: Journal entries are created on the General Ledger from sales, Purchase and Banking areas; and users can automatically allocate each transaction to a project or profit centre.

SAP Business One Drill-down

The system offers users high speed drill-down to complete information. For example from Journal entries for a sales transaction, drill-down to view the chart-of-accounts information or from the Chart-of-Accounts you can drill-down to view balance transactions.

Handling International Financial Reporting Standards (IFRS) with SAP Business One

As IFRS becomes more prevalent in small and midsize companies users are looking for simple ways to handle the challenges of using parallel general ledger accounts to support reporting in both local and IFRS standards. SAP Business One provides the functionality to support the need of recording and reporting transactions in parallel general ledger accounts and then provides the reports you need to create your financial statements in accordance with IFRS.

Multi-dimensional cost centres managed by SAP Business One

SAP Business One allows the management of cost centres in multiple dimensions providing the ability to analyse financial information the way your business needs to. Businesses can easily structure their cost centre structure in hierarchies for sophisticated and accurate reporting.

Budgeting with SAP Business One

This feature helps users define and manage budgets against accounts. 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. In addition, users can define an on-line alert that notifies them whenever a transaction is about to exceed a monthly or annual budget.

Intelligent Intrastat and Intelligent Meter Billing provide enhanced features to the financial elements of SAP Business One allowing for the creation of Intrastat/VIES statements from within the application and catering for the billing and profitability of services.