A set of rules that are also followed in SAP Business One that determine how income and expenses are reported in the accounts and in the income tax return.
There are two basic methods - cash accounting and accrual accounting. Companies using the cash method report on revenue received during the tax year. Companies using the accrual method of accounting generally report on the income
when they are earned, even if the corresponding payments are not received until a later date
Finance in SAP Business One
The financial system in SAP Business One contains the entries that you are legally obliged to make and enriches them with ...