That Banking module in SAP Business One provides functions for managing all finance-related transactions that are processed via bank accounts. It supports the processing of payments, the management of bank accounts and the poll of account statements, making financial processes more efficient.
Central functions of the banking module
- Creation of incoming and outgoing payments:
- Payments can be entered manually or automatically, e.g. via the Payment wizardsare generated.
- Support for various payment methods:
- Includes cheques, bank transfers, credit cards and cash.
- Management of house bank accounts:
- Corporate bank accounts can be stored as house bank accounts.
- Definition of payment methods:
- Various payment methods can be configured and assigned to business partners.
- Bank statement processing:
- Import and automatic synchronisation of account statements with bank entries.
- Management of credit cards:
- Recording and administration of credit card payments.
- Preparation of bank reports:
- Reports such as the cheque register or the Cash flow report provide detailed insights into the financial flows.
Advantages of the banking module
- Efficient payment processing:
- Automated processes reduce the manual workload Effort and minimise sources of error.
- Improved transparency:
- Centralised management of all bank transactions ensures a clear overview of financial flows.
- Simplified account reconciliation:
- The reconciliation of bank entries with account statements is facilitated by the integrated account statement processing.
Add ons
- Add-ons such as the Versino Financial Suite optimise and extend the banking module in SAP Business One by providing automation, central overviews and extended evaluation options
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 ...