E-invoicing - The flexible EN 16931 standard
13 Nov

E-invoicing - The flexible EN 16931 standard

With the mandatory introduction of e-invoicing, based on the EU-wide EN 16931 standard, companies are faced with the challenge of not only optimising their processes, but also remaining flexible in the long term. What initially appears to be a compulsory technical task reveals a key question on closer inspection: how can companies prepare for future changes without ending up in a technical dead end?

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International e-invoices: differences and global developments
1 october

International e-invoices: differences and global developments

Although the introduction of e-invoices is progressing worldwide, the legal requirements vary greatly from country to country. However, companies that operate internationally need to familiarise themselves with the specific requirements of the respective markets in order to avoid legal risks and fully exploit the benefits of digitalisation.

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GOBD and GOBD myths
16 July

GOBD and GOBD myths

The GoBD includes a large number of requirements designed to ensure that bookkeeping is proper and unalterable. This applies to both the actual bookkeeping and the storage of the corresponding data. A key component is the procedural documentation, which describes in detail how the accounting processes run and how the data is managed.

Every taxable company in Germany, regardless of its size, must fulfil these requirements. This applies to both sole proprietorships and large groups such as DAX-listed companies.

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IFRS & HGB with SAP Business One
28 June

IFRS & HGB with SAP Business One

HGB and IFRS pursue different objectives and approaches in accounting. While the HGB focuses on prudence, creditor protection and a close connection to tax law, IFRS emphasises shareholder value and a more optimistic, future-oriented presentation. These differences have a major influence on how companies present and value their financial results and positions. In a globalised business world, IFRS offers a more standardised and internationally comparable information basis, which is particularly advantageous for globally active companies and their investors. SAP Business One offers advanced functions to fulfil the requirements of both local HGB and IFRS and supports companies in overcoming the systematic challenges of IFRS.

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Automatic journal entries in SAP Business One
22 June

Automatic journal entries in SAP Business One

Automatic journal entries in SAP Business One is one of the daily benefits that arise with every posting thanks to the integration of financial accounting into the ERP processes. This ensures that when accounting-relevant documents are created, the software automatically generates the corresponding journal entries. Accordingly, this can significantly relieve the accounting department in its daily work and frees up time for other activities.

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Bank statement processing in SAP Business One
2 June

Bank statement processing in SAP Business One

Bank statement processing in SAP Business One enables the creation and management of incoming and outgoing payments as well as internal and external reconciliations. By automatically or manually entering bank statement details, previously unrecorded transactions such as customer payments or supplier notifications of payments made can be recorded. Bank statement processing supports various scenarios. This includes the creation, posting and internal reconciliation of incoming and outgoing payments to business partners that were made by direct debit or bank transfer and have not yet been recorded in SAP Business One.

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