An account used to record currency losses resulting from a negative change in the exchange rate.
Financial accounting in SAP Business One contains the entries that are required by law and enriches them with ...Continue reading ?
The annual financial statement work is one of the most important requirements for analysing the development of a company. Therefore, before auditing the ...Continue reading ?
Every year the turn of the year in SAP Business One is coming up. Anything you only do once a year is...Continue reading ?
Initially "only" a bidirectional interface to DATEV finance was planned. But when we talked about this development with more and more ...Continue reading ?
Accruals and deferrals are an essential accounting task when it comes to the period-end closing, for example when preparing the annual financial statements...Continue reading ?
Taken by itself, the term "consolidation" simply means that one brings a certain fact into context. In the world ...Continue reading ?
A balance confirmation makes it possible to check the correct amount of receivables and payables to your business partners. With the Versino...Continue reading ?
Manually entering and processing paper-based invoices is a time-consuming and costly process in accounts payable...Continue reading ?
A new reference book on SAP Business One (B1) has been published. With "Quick Start in SAP Business One - Finance" all ...Continue reading ?
At the beginning there is the outstanding idea and/or the unique selling proposition that promises big profits. After founding the start-up, there is ...Continue reading ?
The financial module of an ERP software is the component that performs almost all of the most important accounting and financial management functions of a company within the ...Continue reading ?
Sectors such as plant engineering or the construction industry usually provide contractually agreed services over a longer period of time. The client will...Continue reading ?
The fact that the upcoming conversion of VAT will not be as easy for companies to handle as it was announced should ...Continue reading ?
In a lengthy statement, the German Association of Tax Advisors commented on the temporary reduction in VAT rates. The content of the text...Continue reading ?
The reduction in Value Added Tax (sales tax) is a measure to mitigate the economic impact of the Corona crisis that has taken many by surprise. Formal...Continue reading ?
The GoBD, especially the archiving of documents, has already undergone some changes since January 2020. The principles of proper management ...Continue reading ?
If a company finds itself in economically difficult waters, it is the first and foremost task of the company management to control the flow of money or...Continue reading ?
From a ten-man operation to a large corporation? All companies have one thing in common: the legal requirements that require orderly accounting ...Continue reading ?
The annual accounts of a company provide an overview of all profits and losses of the past financial year. Business accounting tool...Continue reading ?
In addition to the balance sheet, the income statement is an important report within a company's annual financial statements. In this report, yields ...Continue reading ?
A totals and balances list provides a list of all accounts posted within a selected period. It includes all accounts with...Continue reading ?