Keep track of your financials with SAP Business One
Meet the changing financial requirements, use business intelligence
SAP Business One helps you control your accounting consistently by managing data automatically and keeping track of incoming and outgoing invoices and the cash flow. All data is bundled centrally, postings are done directly in the system. All postings are linked to the G/L accounts in the chart of accounts so that you can view the complete journal entries.
The aging report gives you an up-to-date overview of the age of unpaid customer debts and unpaid liabilities. To reduce outstanding receivables, you can set up an effective dunning procedure with dunning status and any applicable fees.
You can plan your business based on a solid data base, such as the balance sheet or the P&L statement. The up-to-the-minute reports help you control budgets at any time.
SAP Business One ensures transparent, legally compliant processes, for example single European electronic payments (SEPA) or electronic financial statements so that you can plan investments ahead.
You can use data from different sources to create new reports. You gain new insights with the Drag & Relate and Drill-Down functionalities in SAP Business One, and you enhance your reports with meaningful visualisations that help you make informed decisions.
Payments and banking communication
With SAP Business One safe payment transactions are guaranteed. You can completely track all banking activities, including cash withdrawal, advance or credit card payment, bank transfers, direct debits, account reconciliations and check writing and check encashment. Also electronic account statements can be imported and managed in the system.
SAP Business One supports single European electronic payments (SEPA) for bank transfers, direct debits and business to business direct debits.
Electronic financial statement
SAP Business One enables you to draw up rule-compliant financial statements and to depict fiscal reconciliations. In addition, SAP Business One provides templates for all relevant types of reports and converts the financial data into the required XBRL format.
Fixed asset accounting
Companies need to provide meaningful information about their fixed assets at any time. Especially in this field, SAP Business One helps you save time and work with an effective asset accounting. Nevertheless, acquisitions or disposals and corresponding write-ups or write-offs of fixed assets are consistently transparent.
You can easily keep track of your fixed assets. Changes in the values are clearly documented and presented. If necessary, you can apply multiple cost rates to a fixed asset. The transactions are booked at the same time in different areas. In this way, you can manage your accounting, for example, according to local and international financial reporting standards (IFRS).
Fixed assets can be calculated on a monthly or daily basis and can be depreciated. Also extraordinary depreciations are possible. A multi-stage method ensures transparency: In the general ledger you calculate impairment in accordance with procurement and production costs, useful life and posting. All transactions related to fixed assets are entered in a subsidiary ledger. In addition, you can evaluate your asset-specific data at any time.
Financials under control
Learn more about the financial accounting, dunning and financial planning with SAP Business One.