Financial Management
Financial Management
SAP Business One is more than just a great ERP solution, it is a powerful and comprehensive Financial Management suite that includes dashboards, forecasting, self-service Excel reporting and a range of pre-built reports to get you up and running quickly.
SAP Business One offers powerful analytical capability. Analyse revenue and costs using combinations of standard and user-definable analysis dimensions such as brand, project, department, sales channel, location, employee etc. Whatever is appropriate for your business.
Streamline the management of multiple subsidiaries, business units, and legal entities. Automate financial consolidation across multiple levels of organisational hierarchies and consolidate entities with different chart of accounts and currencies.
Empower faster, more agile decision-making with dashboards that include pre-built components and KPIs such as graphical Cashflow Forecasting. Drill down to view the detail that lies behind headline figures. Reduce reliance on IT and enjoy self-service reporting delivered through the integrated Excel Reporting and Interactive Analysis tool.
Grow your business beyond UK borders. Manage the international aspects of your business with support for up to three levels of currency management:
System – default for the company or group
Local – that is used by local entities
Transaction – as the name implies.
Consolidate reporting based on your local/system currency at any time, with automated exchange difference postings at month end.
Maintain records for an unlimited number of assets with this integral component of the SAP Business One Financials module.
As transactions are entered to record asset acquisition or disposal, asset values and quantities are simultaneously posted to the register. Depreciation is calculated based on rules you define and automatically posted immediately to the register and relevant Profit & Loss and Balance Sheet accounts.
Automate everyday accounting tasks such as prepayments and accruals with recurring postings, supporting tax calculations, and enabling multi-currency transactions.
Conduct all your online banking activities – including electronic payments and bank reconciliations. Manage cash flow, track budgets, and compare actuals versus plans to see where your business stands at a moment’s notice.
Implementation Approach
The LAKE project approach is comprised of 13 steps ranging from Project Definition through to Project Closure. These 13 steps are grouped into four phases, as follows:
General Ledger
- Chart of Accounts
- Journal Entries with Posting Templates
- Recurring Journals / Postings
- Exchange Rates in Multiple Currencies
- Fixed Assets Register
- Budget Management
- Multiple Posting Periods
- Account Reconciliation
Reporting
- Intercompany Processing and Consolidation
- MTD Compliant VAT Reporting
- Cost Accounting and Transactional Analysis
- Financial Reporting – P&L, BS, Cashflow
- Sales & Purchase Analysis
- Advanced Cash Flow Forecast
- Dashboard KPIs
Cash Management
- Incoming and Outgoing Payments
- Automatic Bank Reconciliation
- Payment Run
- Cheques
- Credits
- Account Reconciliation
- SEPA Payments
Beginners Guide
SAP Business One
You’ve heard that SAP Business One is a market-leading ERP solution for small to mid-size companies. But is it suitable for your business? Download these guides to find out.