Finance is one of the crucial segments of a business. And, if you have knowledge of how to manage your finances, then you can take your business to a new height. To achieve this aim, SAP Business One ERP solutions proposes a lot of intuitive financial reports so that you can help prosper your business with rising revenues. Few examples are profit and loss statements, cash-flow analysis, balance sheets, profitability reports, etc.
SAP B1 has introduced a comprehensive module that helps in building financial reports. It is especially designed to enhance financial processes with a wide-range of reporting options. This means that you can easily create your own templates to meet your requirements.
SAP B1 has a report organizer that helps managing and distributing reports to all stakeholders effectively. This ERP module supports the following financial reports.
Cash Flow Report
This is a standard financial report, which provides detailed information about cash related income and expenses. It also details about cash equivalents during the stipulated period.
Customer Receivables Aging Report
This is a crucial report that assist you in handling the cash flow of your business. This reports helps you in determining the value of debt the customers have taken from you and the duration that the debt has remained unpaid.
You can view the results based on various selection criteria, such as Currency, Aging Data, Age By, Type, Number of Days Outstanding, etc.
Vendor Liabilities Aging Report
This report provides you the creditability information about vendors you are dealing with. It shows the size of the vendor liability and the duration of the unpaid debt.
Like Customer Receivables Aging report, you can view the results based on your selection criteria.
A balance sheet refers to the financial statement that provides a summary of a company’s assets, liabilities and shareholder’s equity at a desired time.
This report provides you details about the financial health of the company. It displays the total value of assets and liabilities of a company as per the defined date on the basis of the accounting formula: Total Assets = Total Liabilities + Equity.
The trial balance report displays a summary of all accounts and/or business partner balances for the defined period.
Profit and Loss Statement
A profit and loss statement (also known as income statement) delivers a summary of a company’s profit and loss during and G/L accounts. The result of the statement is the profit or loss for the company in the selected period.
Up-to-date financial information as well as analytical reports that help in financial decision-making can really help in driving revenues upwards as well as keep costs down. Tools like SAP B1 help you access all these features and make financial tracking and decision making a smooth process.