Accounting & Financials
(Custodian of your Accounts & Finances)
Accounting & Financials
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With the growth of business, challenges also grow in managing accounts and finances. An automated and integrated accounting & financials management solution which SAP Business One is, promises for a real time accounting. This is a core component of SAP Business One covers all key processes such as ledger and journal entries, accounts receivable and accounts payable.
SAP Business One delivers the tools and reporting capacity you need to manage your company's finances effectively and according to Generally Accepted Accounting Principles (GAAP). SAP Business One can bring your financial accounting to a new level of automation:
Real-time, really. Every time you add (or post) a transaction, your general ledger is updated. No need to batch journal entries for later posting - unless that's what you want to do.
Automatic journal entries. Perhaps the largest productivity boost in SAP Business One is its ability to create various journal entries automatically - greatly reducing the need to make journal entries or corrections manually.
Drill-down functionality. SAP Business One gives you the ability to drill down using the orange navigation arrows, not only to the general ledger but all the way to the source documents of a transaction - another powerful labor- and time-saving feature.
Task automation. You can automate redundant tasks by using recurring postings and avoid posting mistakes by using posting templates.
Data integrity. To prevent users from posting manual journal entries to certain accounts, you can set up control accounts. In addition, alerts help you manage expenses by informing you when expenses reach their budget threshold.
Audit trail. SAP Business One provides a complete audit trail, allowing you to track who made changes to all data or documents - and when.
Streamlines financial operations.
Faster closing process.
Improves decision making.
All functions and reports required for accounting and financial operations of the company.
All tax-related reports according to the regulations in each country.
Enabling with documentation of all financial and accounting-related transactions.
This module includes:
Chart of Account
Journal Entry
Posting Templates
Recurring Posting
Reverse Transactions
Exchange Rate Differences
Conversion Difference
Working with Fixed Assets
Budget
Cost Accounting
Revaluation
TDS:INDIA
Financial Reports
Incoming Exercise Invoice: INDIA
Outgoing Exercise Invoice: INDIA
