Navigating through SAP Business One Modules (3)

With this blog we conclude the introduction to modules. Let us dive deeper into the last two categories of modules.

·       Financial:-

The two modules that come under financials are banking and Financials.

1.      Financials module manages all your accounting data and the chart of accounts is created and managed in this module. Some of the additional features available in this module are fixed assets management, budget setup, cost accounting, financial reports.

2.      Banking modules takes care of all transactions related to incoming and outgoing payments of the organization. Manual and automatic creation of incoming and outgoing payments for various payment means, Manual and automatic performance of internal and external reconciliation, Post-dated and cash deposits of checks and credit card vouchers & Batch and single check printing are some of this module’s functions.

 

·       Production:-

Modules like MRP, Production & Resources come under this category.

1.      MRP (Material Requirements Planning) effectively manages your material requirements in the manufacturing process. The Material Requirements Planning (MRP) module enables you to plan material requirements for a manufacturing or procurement process based on the re-evaluation of existing inventories, demands, and supplies on changing planning parameters (such as lead time determination, make or buy decisions, and holiday planning).This is achieved through an MRP Wizard.

2.      Production module is mainly used for two purposes, Bill of Materials (BOMs) - specifies the quantities of components that make up a product, Production Orders - a set of instructions for planning and assembling a production item. It tracks all the material transactions and costs involved in the production process, as well as additional costs, such as labour overhead. In addition to the BOMs & production orders, this module contains various reports to track the production process.

3.      If your company provides support services to its customers, or receives support services from your vendors, you can manage all activities related to those services using the service module. To support your services operations, you work with the following objects, Equipment cards, service call, service contract & service reports.

To know about all the features and individual screens of SAP Business One keep following my upcoming blogs. Stay safe and follow social distancing.