Everything to do with SAP Business One, ERP projects and business software
There is no special module for managing loans and loan postings in SAP Business One. Nevertheless, companies, especially in the SME sector, need to record loans taken out and repaid in a clear and comprehensible manner. These processes relate to liquidity planning, reporting and tax valuation.
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Credit management initially sounds like a topic that only concerns banks - until you realise as a company that overdue receivables and long payment terms can quickly become a liquidity trap. This is exactly where SAP Business One comes in: The ERP solution not only offers traditional accounting functions, but also integrated credit management with a system.
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The Financial Cockpit extends the financial management of SAP Business One. It has been specially developed to make the management and analysis of financial data more efficient and user-friendly. The solution offers financial accountants a central, intuitive interface from which all subsequent stations can be controlled and viewed.
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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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In today's world, artificial intelligence has the potential to transform many industries and finance is no exception. One of the areas where AI could make significant progress is financial accounting.
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Users of SAP Business One must switch to the new ELSTER Rich Client (ERiC) version 37.2.6.0 from February 2023 in order to be able to submit the 2023 advance VAT return. To achieve this goal, a new iteration of the ELSTER add-on for SAP Business One 10.0 has been made available. The brand new ELSTER add-on for SAP Business One is now available for download.
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Initially, "only" a bidirectional interface to DATEV Finance was planned. When we then came into contact with more and more users from the SAP Business One finance area through this development, the ideas came and the interface became the Versino Financial Suite.
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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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In itself, the term "consolidation" simply means that a certain set of facts is put into context. In the world of accounting, however, financial consolidation is a clearly defined process that involves several special features and accounting principles.
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Today, all companies must comply with the GoBD-compliant storage of certain documents. However, correct archiving alone is not enough. The specific measures and procedures to be taken must be set out in procedural documentation.
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