Financial Reports

Every module, excluding the administration module, has in-built reporting functionality in SAP Business One. In this blog we are going to look at the different types of standard reports that come under finance module.

 

·       Accounting Reports: The major purpose of accounting type reports is to display reports that provide an overview of the objects and data in your accounts & Tax reports that you must submit to the tax authorities. Example: (G/L Accounts & Business Partners Report, Tax Report…)

·       Financial Reports: Financial reports is required to present the organization’s financial position. The reports that help in achieving this are: Balance Sheet, Trial Balance, Profit & Loss Statement, Cash Flow, Statement of Cash Flows.

·       Comparison Reports: These reports let you review the results of business activities of two posting periods or compare two companies. The financial reports that can be compared are: Balance Sheet, Trial Balance and Profit & Loss Statement.

·       Budget Reports: If your company manages budgets, you can create a budget report to review business activities from a budget perspective. Example: (Under Budget, the first report available is Budget Report, this report analyses the business activities that took place during a defined period, with reference to a selected budget scenario.)

 

SAP Business one has a comprehensive set of reports for an SME to function smoothly. In the case where your organization requires additional reports that are not available as standard, you can make use of a reporting tool called Crystal Reports to create personalized reports to cater your organization’s needs. More on Crystal Reports in the upcoming blogs