SAP Business One: Finance and Banking

2h 46mIntermediate2020-12-04

Authors

Steven Lipton

VP of Special Projects at Scientific Device Laboratory, Developer

Course details

Join instructor Steven Lipton as he dives into the finance and banking module of SAP Business One. Steven delves into the many features of this module, which is used for tracking money and assets throughout SAP Business One. After setting up the general ledger, he covers topics like setting budgets, running budget reports, tracking bank accounts, making payments to vendors and receiving payments from the customer, and working with 1099 tax reporting. Steven also covers a series of report tools for communicating the overall financial health of the business. By the end of this course, you’ll have a solid foundation for using Business One to help streamline your business’ financial matters.

Topics include:
Review the components of financial statements in SAP Business One.
Determine errors that occur when running reports in SAP Business One.
Explain how the SAP Business One Payment Wizard functions.
Define terminology relating to fixed assets.
Identify required information when setting up and reporting tax information in SAP Business One.
Describe the process of setting up budgets in SAP Business One.

Skills covered

Small Business ManagementSAP ERPSAP SEPersonal FinanceCorporate FinanceSmall Business and EntrepreneurshipFinance and AccountingProfessional DevelopmentDeep Dive (X:Y)

Concepts

0. Introduction

01 - The power of SAP finance
02 - What you should know
03 - Posting periods

1. Utilizing Finance and Banking Reporting

04 - Financial reporting
05 - Cash flow
06 - Aging
07 - Comparison reports
08 - General ledger reports
09 - Exporting reports to Excel

2. Accounting Features

10 - Chart of accounts
11 - Business partner accounting tab
12 - Adding a journal entry
13 - Recurring postings
14 - Reverse transactions
15 - Drafting journal vouchers

3. Performing Banking Tasks

16 - Invoice payments
17 - Incoming payments
18 - Making deposits
19 - Credit cards
20 - Outgoing payments
21 - Printing checks
22 - Payment wizard

4. Working with Fixed Assets

23 - Set up fixed assets
24 - Asset master data
25 - Depreciation runs
26 - Retirement of assets
27 - Running reports on assets

5. Working with Tax Issues

28 - 1099 setup
29 - 1099 reporting and editing
30 - Sales tax

6. Setting and Using Budgets

31 - Set up budgets
32 - Running budget scenarios
33 - Budget warnings
34 - Running budget reports

Conclusion

35 - Takeaways