Understand bookkeeping: totals and balance list (SuSa)

A totals and balances list provides a list of all booked accounts within a selected period. It therefore includes all accounts with opening and closing balances as well as account movements. The report, often referred to as Susa, provides information on requirements, Costsbank balances, etc.. At the same time, the list per se says nothing about the company's situation. For example, the current Stock of goods. With the Versino Financial Suite, SAP Business One is getting a new version of SUSA.

Why is a totals and balances list needed?

A totals and balances list is displayed within the financial accounting needed for a wide variety of occasions.
In the accounting department, the Trial Balance (Susa) is the starting point for various actions.
So deliver those depicted in the Susa bookings the basis for general statements on a company's business management. At the same time, this report is the basis for many analyses and therefore for meaningful controlling.
Important standards can be derived accordingly from these principles:

Versino Financial Suite: the added value for your finance department in SAP Business One

cash flow statement
source of funds statement
use of funds calculations
During the year balance sheet
accounts payable and accounts receivable Overviews
cash flow statements

Versino Financial Suite - Totals and balances list

The Versino Financial Suite totals and balances list extends the SAP Business One standard. In particular, the specifications and criteria of DATEV is fulfilled. This considerably facilitates the exchange and synchronisation with your tax office, which ensures that DATEV and SAP Business One synchronised are in your database. The totals and balances lists from SAP Business One and DATEV quickly provide comparable data sets and therefore save a lot of time and effort for enquiries and reworking.

Practical application and advantages

The new totals and balances list in the Versino Financial Suite offers numerous advantages:

User friendliness:

The reduction to a single input parameter greatly simplifies the report creation process.

Compatibility:

The report fulfils the DATEV criteria and thus facilitates cooperation with tax consultants and auditors.

Clarity and precision:

The clear structure and detailed presentation of account classes and values ensure precise reporting.

Flexibility:

The option to export reports as PDF or Excel files offers additional flexibility for further processing and archiving.

List of totals and balances Prerequisites

The balances of the balance sheet values must be Opening balance sheet values (EB values) of the active and passive stock accounts To be in harmony. All of the accounts in chart of accounts must be posted. This includes fixed and current asset accounts.

For whom is the SUSA interesting?

As proof of account for the BWA a bank wants to see the Susa as part of a credit analysis. It uses this to check whether the values in the lines of the BWA correspond to the lines in the totals and balances list. It is also used to calculate liquidity and evaluate the cash flows the report is used.

On tax consultant can use the SuSa to extrapolate income tax, corporation tax and trade tax. This can also be used to derive possible tax-saving tactics. At the very least, the entrepreneur is "forewarned" which Taxes at the end of the year.