The booking of goods as the result of an inward transaction.
Incoming postings in SAP Business One: overview and important aspects
the Incoming booking in SAP Business One covers all steps of the goods procurement process ? from the Goods Receipt from the incoming invoice to payment to the supplier. It maps the entire process from order to payment and has a direct impact on both stock levels and financial accounting.
Key points for incoming postings
- Continuous inventory management:
If continuous stock management is activated, the stock level and value are updated in real time. When goods are received, the stock increases and the stock value is adjusted accordingly. The incoming invoice, on the other hand, only posts the liability to the supplier. - Document flow:
The typical document flow for incoming postings begins with the purchase order, followed by the goods receipt and the incoming invoice. Finally, payment is made to the supplier. Each of these documents automatically generates postings in the ledgerin order to present the portfolio and financial values correctly. - Tax code:
The correct determination of the tax code is essential in order to calculate and pay VAT correctly. The tax code is determined automatically according to the rules and sequences defined in SAP Business One. - Rounding account:
Rounding differences that may occur during the incoming posting are posted to the previously defined rounding account. This ensures precise posting even for more complex calculations. - Data ownership:
That Data ownership concept ensures that only the Owner of the document and authorised users have access to the corresponding data. This ensures the security and confidentiality of the information, even for incoming bookings.
Finance in SAP Business One
Financial accounting in SAP Business One contains the entries that are required by law and enriches them with ...