Financial accounting - SAP Business One/ Accounting Software/ Software Review-2020software.com

SAP Business One - Financial accounting

Module

SAP Business One’s Financial Accounting module provides tools and reports that will help you in managing the financial activities of your small business. These tools include:

Chart of accounts - enables you to label all accounts and define hierarchical relationships.
Journal entries - enables you to enter and locate manual journal entries and automatically allocate each transaction to a project or account.
Transaction templates - saves time and reduces the chance of error when entering manual journal entries.
Recurrent journal transactions - allows you to establish a custom set of recurrent transactions, including automatic frequency reminders.
Exchange rate differences - conveniently adjusts foreign currency accounts to your local currency.
Trial balance report - shows account balances and transactions, allowing you to see all financial reports in the currency and detail you specify.
Profit and loss report - displays income and expenses in the straightforward way used by accountants.
Balance sheet - shows assets and liabilities in the straightforward way used by accountants.
Comparative reports - allows all reports to be compared by month, quarter, year or other period.
Budget - lets you define and track your budget in any currency, and view a summarizing budget report, enabling you to compare actual versus planned figures.
Financial reports designer - lets you build an unlimited number of financial reporting templates.