There are important functions in the SAP Business One account determination for that simplify financial management considerably. By presetting accounts for various posting processes such as payments, reconciliations and opening and closing postings, you can efficiently increase efficiency. This feature can be found in the "Administration" module under "Definition", "Financial accounting" and "G/L account determination".

SAP Business One credit card account determination

Important accounts can be configured in the "General" tab of the "Account determination" window in particular. For example, the "Deposit fee credit card" account is essential for posting bank charges incurred when submitting credit card receipts.

Dealing with rounding differences

To handle rounding differences, which often occur when posting supplier invoices, it is necessary to set up a rounding account in the profit and loss area. Please note, however, that this account is only displayed in SAP Business One account determination if the Rounding method "by currency" in the voucher settings. This setting can be found in the "Administration" module under "System initialisation" and "Voucher settings".

Difference automatic tuning

The "Automatic reconciliation difference" account is also crucial for carrying out automatic reconciliation runs, as the reconciliation differences are recognised here. The "Period-end closing account" plays a central role in the annual accountsas the balances of the profit and loss accounts are temporarily transferred here before they are reclassified to equity.

Document settings SAP business One

Reconciliation of foreign currency transactions

The accounts for "realised exchange rate gains and losses" are decisive for the reconciliation of foreign currency transactions, for example when transferring foreign currency accounts to local currency accounts.

Opening balance sheet account

The "opening balance sheet account" serves as the standard contra account for the Opening balances of G/L accounts and business partners as well as for initial values of inventories.

Bank transactions in SAP Business One account determination

Finally, the "bank charges account" is important for posting bank charges for manual and automated bank transactions. These functions not only make accounting work easier, but also ensure more precise and transparent financial management.

GoBD and GoBD myths

GOBD and GOBD myths

The basics of the GoBD The GoBD comprises a large number of requirements that are intended to ensure that bookkeeping is correct and unalterable.
IFRS & HGB with SAP Business One

IFRS & HGB with SAP Business One

HGB and IFRS pursue different objectives and approaches in accounting. While the HGB focuses on prudence, creditor protection and a narrow ...
APPENDIX DETAILS Automatic Journal Entries in SAP Business One

Automatic journal entries in SAP Business One

Automatic journal entries in SAP Business One is one of the daily benefits that can be realised with every entry through the integration of the financial accounting ...
Bank statement processing

Bank statement processing in SAP Business One

Bank statement processing in SAP Business One enables the creation and management of deposits and withdrawals as well as the execution of internal and external ...
SAP Business One Currencies

SAP Business One and dealing with currencies

In today's globalised business world, dealing with different currencies is an unavoidable challenge for companies. SAP Business One, a ...
SAP Business One Accounting-Accounting

Accounting & bookkeeping with SAP Business One

SAP Business One enables proper bookkeeping by the accounting department and is therefore not only the answer to a legal ...
Wird geladen ?