Knowledge Base: Financials Module

Manages all your accounting data and chart of accounts, general ledger, current accounting posting, and reporting. In addition, you can define budgets and profit centers for better management of company revenues and expenses.

Inventory Audit Report Does Not Match GL Account Balance

At some point working with SAP Business One you are going to get a question about GL account balances not matching the inventory audit report. Generally this is related to the year-end-closing process. Unlike accounts receivable and accounts payable, inventory…

Posted by: Michael Taylor

Matching Account Balances with Aging Reports

When running your year-end-closing reports it is common that your trial balance and your aging reports not to match initially. I frequently receive support requests claiming that something must be wrong with the system because the two balances do not…

Posted by: Michael Taylor

Journal Vouchers in SAP Business One

Journal vouchers are a way to create a draft of a journal entry. The voucher signifies intent to make an adjustment to the journal. Think of journal vouchers like a draft sales order or other marketing document in the SAP Business One system. Using vouchers is critical for maintaining a audit trail of your financial transactions and is included for use in SAP B1.

Posted by: Peter Canale

Running An Accounts Receivable Aging Report

The aging report is a critical analytical tool in any business. It helps measure the financial health of your companies customers. In SAP Business One this is a very easy report to run with straightforward selection criteria. If your aging report is showing that receivables are being collected slower than normal it could be a warning sign that business is slowing down or your company is exposed to too much risk.

Posted by: Peter Canale

Adding a New Account in the Chart of Accounts

Adding a new account in the SAP Business One chart of accounts is super easy. There are a few things to know about this process and we're going to give you the low down right here.

Posted by: Peter Canale

Posting Period Status in SAP Business One

Posting periods in SAP Business One are periods of time that define your company's fiscal year. They are used in generating financial reports and segmenting your financial postings. Periods can be setup in a multitude of ways depending on your company's processes surrounding reporting and financials. Managing the posting periods in SAP B1 center around their five possible statuses.

Posted by: Peter Canale