| ERP implementation term itself suggests something | | | | posting in Journal Voucher |
| hard or at least not easy or not pleasant things to | | | | 3. Business Partners. As in SB1 you have business |
| do. However if you are installing SB1 it is more likely | | | | partners, such as customers, vendors and leads in |
| not going to be the case, as installation, initial balances | | | | the same functionality (which by the way enables |
| entry and modules settings are relatively intuitive and | | | | customer/vendor consolidation via internal |
| users or trainees are quick in getting basic SAP BO | | | | reconciliation for multiple partners in one screen) - |
| interface navigating skills. In this small article we would | | | | they are typically reviewed in Financials training |
| like to give you highlights on Financials module | | | | 4. Financial Reporting. Here, besides standard and |
| 1. General Ledger. Accounts. Each account you can | | | | expected Balance Sheet, Profit & Loss, Cash Flow |
| classify as Title or Active account. Titles are simply | | | | and Trial Balance, you have such cool features as |
| to say headers of the groups and active account is | | | | Comparison reports (BS, P&L and Trial Balance only). |
| the one, where you can post your transactions. | | | | Comparison report allows you not only compare two |
| Active accounts you associate with category (such | | | | different periods, but also compare two different |
| as Balance Sheet->Cash for instance), categories as | | | | companies, which is not what you commonly find in |
| you can see allow you to build P&L, BS and Cash | | | | other ERP packages |
| Flow reports automatically. Plus you can include the | | | | 5. Collection management. In SB1 you have up to 10 |
| account into Analytical accounting by making it | | | | levels of dunning or collection letter formats, which |
| associated with the Project. If you select the | | | | you can setup for the delinquent account in sequence |
| Project, then account transactions will be included into | | | | of collection attempts. Collection management is not |
| project financial and managerial reporting. If you ask | | | | a separate module, it is integrated in Financials, as |
| how it is possible - the answer is this - SB1 also | | | | Financials itself is tightly integrated with Business |
| requires you to specify account type: Other, Sales or | | | | Partners section, where customers are. |
| Expenditure - this is how you can include the account | | | | 6. Multicurrency. This functionality is really on the |
| in Project P&L | | | | advanced level, comparing to other small business |
| 2. Journal Vouchers. In SAP Business One you do not | | | | MRP packages in US. This is probably attributable to |
| have direct mechanism for batch processing, | | | | the fact, that SAP Business One is very popular in |
| however on the level of the modules you can use | | | | international environment. Multiple versions of |
| various transactions grouping and saving. In GL, for | | | | currency revaluations are very impressive. |
| example you save transactions for future review and | | | | |