#SAP BUSINESS ONE REPORTS HOW TO#
#SAP BUSINESS ONE REPORTS TRIAL#

The trial balance shows all the account types.ДЄll these reports are typically issued for the last day of each financial year or period.ДЄll financial reports will appear in the Financials Reports menu which is found in the Financials module The different reports run on the account balances relevant to a selected date or date range and the reports present them according to their drawer, level and type.ДЇor example the balance sheet report is based on the balance sheet accounts, and similarly the profit and loss statement is based on profit and loss accounts.

Remember how in the General Ledger you distinguish between Balance Sheet Accounts and Income Statement Accounts, which are also called Profit and Loss Accounts. This subject is discussed in the Chart of Accounts вЂ“ Concepts topic.ДЄlthough the chart of accounts will vary according to a companyвЂ™s localization, the structures are very similar around the world. Let us go back and examine the Chart of Accounts Structure in association with Financial Reports. You present the report in a summarized form.ДЇor the Assets Drawer you see the following result.ДЇrom a financial controllerвЂ™s point of view where is most of the money invested?ДЄre they assets that can be converted into liquid funds at short notice or property that a firm owns and uses that is not expected to be consumed or converted into cash in the near future? We start by talking about the strong connection between the chart of accounts structure and the different financial reports.ДЄt the end of the year you issue the Balance Sheet report. Therefore, they also issue the reports for the closing period, during the following period. Note that the company usually gets last yearвЂ™s related documents after the end of the financial year or period. You demonstrate the financial reports in SAP Business One. This is because you usually issue the Financial Reports for the last day of each financial year or period to get the financial status of the company. Maria mentions that you discussed the influence of Period-End Closing on the Balance Sheet and Profit and Loss reports. Imagine that you are reviewing the Financial Reports with Maria the company accountant of OEC Computers:

#SAP BUSINESS ONE REPORTS HOW TO#

We describe when to use each report and how to interpret typical report data. We will explore the effect of standard processes in SAP Business One on Financial Reports: such as the Balance Sheet, the Trial Balance, and the Profit and Loss report.

Sap business one reports