Everything to do with SAP Business One, ERP projects and business software
Every year, it's time for the turn of the year in SAP Business One. Everything you do only once a year is of course little practiced. That's why we've put together a small series on year-end closing in SAP Business One. Without claiming to be complete, it should be a little support for the rare routine year-end closing in SAP Business One.
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All kinds of requirements are placed on SAP Business One reporting by a user after the implementation of SAP B1. Rich reports based on integrated data management are usually at the top of the list of requirements for an SAP Business One implementation. There are various options and tools available to the SBO user for such reports.
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Initially, „only“ a bidirectional interface to DATEV Financial Accounting was planned. When we then came into contact with more and more users from the finance department of SAP Business One about this development, ideas also emerged, and the interface became the Versino Financial Suite.
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As an SAP Business One partner with over 20 years of experience in the successful provision, maintenance and servicing of SAP Business One solutions, we often hear from companies who are struggling with the fact that their existing SAP Business One system is not working as they expect or had planned. This ranges from unresolved change requests to system restrictions or modules that were never fully implemented.
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Accruals and deferrals are a key accounting task when it comes to the period-end closing, for example when preparing the annual financial statements.
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A consignment warehouse is a warehouse of a supplier on the company premises or
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Current studies such as the "ERP in Practice 2020/2021" study by Trovarit show that many companies often underestimate the implementation costs of an ERP system: This mainly concerns data migration, which is described by ERP users as by far the most frequently cited problem point in ERP implementation.
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MRP (material requirements planning) and ERP are a pair of siblings, and it is not entirely clear which of the two is the older. Even the latest ERP variants cannot deny their roots, which go directly back to MRP. It's basically about determining what is needed, how much is needed and when.
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Anyone who is interested in the current ERP market knows that there is no way around offers from the data cloud. Of course, this also applies to the market leader. The SAP Cloud offering is becoming ever larger and more complete. There is also a lot on offer for SMEs that can be accessed via the network. However, the nature of SMEs is very diverse and requires a different SAP Cloud platform.
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On its own, the term „consolidation“ merely means bringing a particular situation into context. In the world of accounting, however, financial consolidation is a precisely defined process involving several specific features and accounting principles.
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