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.
