the Debit entry in SAP Business One covers the entire process of goods sales ? from order acceptance to the Goods issue and the outgoing invoice through to receipt of payment. It ensures that both the flow of goods and the associated financial values are correctly mapped in the system.
Key points for the debit entry
- Continuous inventory management:
If continuous stock management is activated, the stock level and value are updated in real time. When goods are issued, the stock is reduced and the stock value is adjusted. The revenue and the receivable from the customer are posted with the outgoing invoice. - Document flow:
The typical document flow for debit postings begins with a offer or a customer orderfollowed by the delivery and the A/R Invoice. Finally, the Receipt of payment. Each of these documents automatically generates the corresponding general ledger entries to correctly display the inventory and financial values. - Tax code:
The precise determination of the tax code is crucial for the correct calculation and payment of VAT. The tax code is determined automatically in accordance with the predefined rules and priorities. - Rounding account:
Rounding differences that may occur with debit postings are automatically reduced to the predefined Rounding account to ensure correct mapping even in the event of minor deviations. - Data ownership:
Through the Data ownership concept is used to control access to debit entries. Only the owner of the document and authorised users can view the associated data, which ensures security and confidentiality.
Finance in SAP Business One
Financial accounting in SAP Business One contains the entries that are required by law and enriches them with ...