SAP Business One – Financial Management Course

SAP Business One – Financial Management Course

SAP Business One – Financial Management – The Core of your ERP.

 

 

SAP Business One Finance Training

If you are considering SAP Business One then you have come to the right place!  As part of our assistance we feel that a two day workshop should be an investment of our mutual time as we are looking for a partnership for life, so what is two days to us both?

So here goes!

Unit 1: SAP Business One Standard Financial Processes

We will cover

  • Finance Basics
  • Financial Settings
  • Automatic journal
  • Entry value

Putting the Unit in Context

In this unit Inecom will discuss the automatic entries created behind the scene during the sales, purchasing and inventory processes. Also, there will be some tests of your knowledge to give Inecom a feeling about the participants’ financial accounting background.

Inecom will discuss the effect of the sales and purchasing documents on control accounts and other default G/L accounts. Also, Inecom will review and demonstrate the automatic entries created in SAP Business One.

Topic 1: Standard Financial Processes

Topic objectives:

Discuss some general accounting conventions

  • Give examples of the automatic journal entries created during the sales, purchasing and inventory processes
  • Review the financial settings that affect the processes of automatic journal entries.

Unit 2: Banking Process

We will cover

  • Handling payments: incoming and outgoing
  • Payment Means
  • Deposits
  • The Payment Process in SAP Business One
  • Working Methods
  • The Payment Wizard

Putting the Unit in Context

The sales and purchasing processes include also banking documents that close the processes and increase or decrease the company bank account balance and the business partner accounts. The Handling Payments topic deals with the tasks a business take to document incoming and outgoing payments and their influence on the involved accounts.

Topic 1: Handling Payments

Topic objectives:

  • List the steps of the payment process and perform them in SAP Business One.
  • Explain the consequences of each step on the involved G/L accounts.
  • Adjust the appropriate payment scenario to the customer needs and localization.

Unit 3: Financial Process

We will cover

  • Define and manage the chart of accounts
  • The chart of accounts structure
  • Default G/L accounts
  • Journal Entries file and the Journal Entry Form
  • Reverse Transactions
  • Posting Tools
  • Posting Template with Percentages
  • Recurring Postings
  • Journal Voucher

Putting the Unit in Context

Until now we have looked at the automatic entries created by documents in the sales, purchasing and inventory processes. Now we review the accounting steps required to control the financial accounting processes. We make sure that the books are accurate and that basic accounting rules are followed.

Topic 1: Manage the Chart of Accounts

Topic Objectives:

  • Set up a Chart of Accounts adapted to the company type
  • According to accounting conventions discuss:
  • The Chart of Accounts structure
  • The effect of the standard processes on the Chart of Accounts
  • Manage the Chart of Accounts
  • Discuss the options for defining default G/L accounts

Topic 2: Post a Journal Entry

Topic Objectives:

  • Explain the ways to post journal entries in SAP Business One
  • Enter a manual journal entry
    • From a journal voucher
    • Using a posting template
    • Set up a recurring posting

Unit 4: Posting Periods Process

We will cover

  • Define periods and post transactions
  • Internal Reconciliation Definition
  • System Reconciliations
  • Full and Partial Reconciliation
  • User Reconciliation
  • Reconciliation Currency
  • Period End Process
  • Period-End Closing Utility
  • Posting Period Status

Putting the Unit in Context

A regular recurring process in financial accounting is managing posting periods.

We review the steps of this process.

Topic 1: Process Overview

Topic Objectives:

  • How to define and manage posting periods

Topic 2: Internal Reconciliation

Process Topic Objectives:

  • Utilize the process of internal reconciliation in G/L accounts and business partners
  • Review system reconciliations
  • Perform internal reconciliation (manual type)

Topic 3: Period-End Closing

Topic Objectives:

  • Prepare for Period-End Closing
  • Perform Period-End Closing

Unit 5: Controlling Reports

We will cover

  • Financial Reports
    • Balance Sheet
    • Trial Balance
    • Profit and Loss
    • Statement of Cash Flow
  • Cash Management Reports
    • Cash Flow
    • Aging Reports
    • Dunning

Putting the Unit in Context

We review and demonstrate some of the standard financial accounting controlling reports in SAP Business One. We show the connection between documents in the processes (sales, purchasing) and their influence on the specific report.

Topic 1: Financial Reports

Topic Objectives:

Discuss the effect of standard processes in SAP Business One on Financial Reports:

  • Balance Sheet
    • Trial Balance
    • Profit and Loss
  • Describe when to use each report.
  • Interpret typical report data.

Topic 2: Cash Management Reports

Topic Objectives:

  • Discuss the effect of standard processes in SAP Business One on monetary reports.
  • Describe when to use each report.
  • Interpret typical report data.

Unit 6: Additional Financial

Topics We will cover

  • Currencies in the company level
  • Local and System Currencies
  • Account Currencies
  • Currencies in the Pricelist
  • Exchange Rate Differences
  • Conversion Differences
  • Fixed Assets Terminology
  • Fixed Assets – Introduction
  • Review the life cycle of a fixed asset master record

Putting the Unit in Context

For the above topics, we will mention the preliminary definitions that a consultant should define in order to ensure proper controlling.

Topic 1: Working with Currencies

Topic Objectives:

  • Define currencies in the implementation process.
  • Explain the consequences of the currency definition choices in your company on the financial accounting process.
  • Give examples of some currency issues in SAP Business One.

Topic 2: Fixed Assets

Topic Objectives:

  • Explain the process of managing fixed asset items.
  • Recognize key terms in the Fixed Assets solution.
  • Identify the relevant sub-menu and windows in SAP Business One.

So how do you schedule this review for SAP Business One – Finance?

Simple! Contact us or Call us to discuss your project and then we can get the project review underway, Click here to contact the Inecom Team!