In SAP Business One, financial report templates enable customised financial reporting that meets the specific requirements of companies and their subsidiaries. By customising templates, companies can create reports that provide a precise and differentiated presentation of financial performance.
One scenario could be, for example, that a parent company receives monthly Profit and loss accounts for its related branches to show the total value for each branch in the books. In this context, the parent company can create an income statement template for a branch, which is a simplified version of the parent company's income statement, and create similar templates for the other branches.
The flexibility in designing financial report templates in SAP Business One means that companies can customise the formatting and presentation of reports without changing the chart of accounts. This is particularly useful as financial reports need to be presented to different parties for different reasons.
When creating a new template, companies can change the structure of the Chart of accounts You can display the chart of accounts, remove accounts that are not required and arrange the required accounts as required. A special feature is that, although the chart of accounts can include accounts on more than four levels, a financial report template can only contain accounts from up to four levels. The accounts on the fifth level or below are arranged under the parent element of the fourth level.
Once a new template has been added to the database, it becomes available in the selection criteria of the report for which the template was created, allowing for an intuitive and user-friendly selection. For example, if a balance sheet template with the name "My balance sheet" is created, this option is displayed in the template selection field in the balance sheet - Selection criteria displayed.
Through this financial reporting template feature, SAP Business One can provide companies with customised and effective financial reporting that adapts to their specific reporting requirements.
Versino Financial Suite
the Versino Financial Suite improves the use of financial report templates in SAP Business One through centralised access, flexible filter and export functions and automated plausibility checks. It ensures high data quality, legal security and accelerates financial reporting, enabling companies to analyse their financial data more transparently and efficiently.
