The value of a financial quantity or value at the beginning of an accounting period.
For example, an opening balance sheet is prepared when a new company is founded. It shows the assets, liabilities and the equity of a company at a certain point in time. The opening balance sheet is of great importance as it shows the company's initial financial situation and serves as a point of comparison for later analyses. Balance sheets serves. It helps to monitor and evaluate the financial development of a company.
The following steps are required to create an opening balance sheet in SAP Business One:
- Select "Finance > Balance sheets > Opening balance sheet" in the main menu.
- Select the start date for the opening balance sheet. As a rule, this is the date on which the company was founded.
- Give the assets, Liabilities and the company's equity. Liabilities and equity components are recognised in the equity and liabilities section of the balance sheet recognised in the income statement, while the assets are reported in the assets section.
- Save the introductory balance sheet. You can call it up again at any time by selecting "Finance > Balance sheets" in the main menu.
- It is crucial that the opening balance sheet is prepared carefully and accurately, as it serves as a benchmark for future balance sheets and can help to strengthen the confidence of investors and creditors in the company.
Versino Financial Suite V09.2025 for SAP Business One
Since the introduction of the Financial Cockpit at the start of 2025, it has been clear that the strategic focus of the Versino Financial Suite is shifting ...
Accounting outsourcing: Why it pays off for SMEs
Medium-sized companies are under increasing pressure to work efficiently, comply with regulatory requirements and remain competitive at the same time. In this constellation ...
CANDIS for SAP Business One
Intelligent document recognition: when AI wins the paper warThose who work in the accounting department of a medium-sized company today are familiar with the challenge: the incoming mail ...
Convert SAP Business One to camt.053 now
From 1 November 2025, the widely used MT940 format for electronic bank statements will no longer be supported. Companies that use SAP solutions such as ...
Loan postings in SAP Business One
There is no specific module for managing loans and loan bookings in SAP Business One. Nevertheless, companies, especially ...
Credit management with SAP Business One - control meets consistency
Credit management initially sounds like a topic that only concerns banks - until you realise as a company that overdue receivables and ...
