Financials_YEnd

8/6/2019 Financials_YEnd

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New Features SAP Business One 6.5

4. Financials Year-End ProcessCountry version Italy, Spain, Portugal

Welcome to Train the Trainer Session

Note: Doubtful Receivables will be available in SBO7.1 SP1

Closing for B/S accounts are not open to APA countries


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SAP AG 2002, Train the Trainer for SAP Business One, K.Coulibaly 2

Year-End Process

Doubtful Receivables Period-end Closing

Business Process Description

Relevant Definitions and Masterdata

Process Steps in SAP Business One

Features of Reports


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Year-End Process Doubtful Receivables

Business Process Description:

Doubtful are receivables which are at risk to be not paid When this risk exists the company has to post on acrual

When the receivable is finally not paid, the credit will be cancelled

against the accrual,

Options: general estimation of bad debts or based on individual

receivable

Relevant Definitions and Masterdata:

Doubtful Receivables: definition of day limits and percentages

Primary Account definition for business partner


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Year End Process

Command Center: Administration p Definitionsp Financialsp Define Doubtful Receivables

Command Center: Administration p Definitionsp Financialsp G/L Account Determination


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Year-End Process Doubtful Receivables

Features of Doubtful Receivables Report

(report: Customer Receivables Aging)

Selection screen

consider reconciliation date

Report List column doubt debt shows amount calculated and to be posted to

alternative reconciliation account

a journal entry with the calculated amount can be posted

directly from the report list


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Year End Process Doubtful Receivables


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Year-End Process Period-end Closing

Business Process Description

Closing of financial accounts at year-end for Balance Sheet and Profit

and Loss Preparation

In Italy, Spain and Portugal it is necessary to close not only P+L

accounts (standard functionality) but also close B/S accounts

Relevant Definitions and Masterdata

G/L accounts for closing transactions


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Command Center: Administration p Definitionsp Financialsp G/L Account Determination


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Features of Period-end Report

Selection screen

Retained earnings account

Period-end account

Business Partner (Closing and opening of accounts payable and receivable)

Closing of P+L accounts Closing and Opening of B/S accounts


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Year End Process Period-end Closing

Command Center: Administration p Utilitiesp Period-End Closing


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Year End Process Period-end Closing

Command Center: Administration p Utilitiesp Period-End Closing


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New Features SAP Business One 6.5

4. Financials Year-End ProcessCountry version Italy, Spain, Portugal

Welcome to Train the Trainer Session

Documents

Financials_YEnd