The parallel creation of Balance sheets for various financial periods.
This function allows users to directly compare balance sheets for different time periods.
Of the Balance sheet comparison in SAP Business One is a powerful tool that enables companies to analyse the development of their financial situation over different periods of time.
Functionality
The balance sheet comparison compares the balances of the balance sheet accounts at two defined points in time and calculates the differences, both in absolute figures and as a percentage.
Selection criteria
In the window Balance sheet comparison - selection criteria you can:
- Determine the periods to be compared.
- Determine which companies or subsidiaries are to be included in the comparison.
- Select the display level for the balance sheet accounts, e.g. Account, Account type or detailed accounts.
Presentation of the report
The report shows the balances of the balance sheet accounts for both comparison periods side by side, including the differences. The display can be in absolute values or as a percentage, depending on your requirements.
Advantages of the balance sheet comparison
- Identification of trends: The report makes changes in the asset and financial position visible, allowing long-term trends to be recognised.
- Early detection of problems: Deviations between the comparison periods help to recognise potential problems such as unexpected cost increases or liquidity bottlenecks at an early stage.
- Well-founded decisions: The insights gained provide a solid basis for strategic and operational decisions within the company.
Possible applications
- Comparison of annual financial statements: The balance sheet comparison is often used to analyse successive financial years.
- Analysis of subsidiaries: In companies with several subsidiaries, the report enables the evaluation and comparison of the financial performance of the individual units.
- Benchmarking with competitors: If data is available, the balance sheet comparison can also be used to compare your own balance sheet with that of competitors.
Additional notes
- Combined analysis: The balance sheet comparison should always be considered together with other reports and key figures such as the income statement or cash flow analyses in order to obtain a complete picture of the company's situation.
- Data quality: The informative value of the report depends on the accuracy and completeness of the underlying accounting data. Regular data maintenance is essential.
- Extended reporting options: SAP Business One also offers the report Comparison profit and loss accountwhich analyses the company's earnings performance over several periods.
The balance sheet comparison in SAP Business One is a versatile tool for financial analysis that creates transparency, provides strategic insights and helps to optimise corporate management.
The Versino Financial Suite enhances the balance sheet comparison of SAP Business One with more transparency, flexibility and automation. With real-time data, interactive analyses and improved reporting functions.
Finance in SAP Business One