SAP Business One helps you find the functions you frequently use and get back to what you just did via the ‘Recent Activity’ and ‘Frequently Used’ lists.
Can Balance Sheet reconciliations be performed in SAP? Within standard SAP functionality, the answer is unfortunately no. However, it is not all bad news, there is a new product on the market from BEST which offers automated Balance Sheet reconciliations in SAP.
Many companies have grown up having their own warehouse, processes and procedures in their own ERP to handle the business required. In the new world, companies are looking for 3PL providers to bring their expertise and scalable resources to effectively replace this part of the business, and provide significant business benefits.
SAP Business One allows you to create referenced documents in inventory documents, purchase requests, checks for payment and recurring postings.
As with other accounts payable processes, it is essential to digitise. A computer or automated supplier statement reconciliation will save personnel time, be more accurate and ensure proper audit controls. If you can implement an automated supplier reconciliation solution directly in your existing accounting package or ERP, this is preferable to an additional stand-alone system.
The billing and shipping addresses of each business partner are required to ensure that the place of delivery and invoice address matches.