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This document clearly lays out the specific GL journal entries created when as you move the the Quote to Invoice process so that new users can understand the basic accounting principals involved. Click below for the PDF.
‘Financials’ Category
SAP Business One – General Ledger Transactions Generated from Order to Invoice
Thursday, February 18th, 2010See our New SAP Business One Resource and Demo Center!
Friday, February 12th, 2010
We’ve just posted up a comprehensive sub-site at Clients First focusing around SAP Business One. This site covers technical information, customer reference videos, demonstration and how-to videos, and business goal achievement.
It also has information and materials on Crystal Reports and Xcelsius for true business intelligence. Everything is wrapped up in an entertaining and visual video and avatar presentation format.
Click HERE to go to our sub-site.
SAP Business One 2007 – How to continue legacy system invoice number sequences
Tuesday, July 21st, 2009
In some cases a company wishes to continue A/R invoice numbering from a legacy system in SAP Business One. In order to do this you would open Document Numbering under Administration >> System Initialization >> Document Numbering. On the line for A/R invoices click in First No. field and enter the number of the first invoice that will be created in SAP B1.
You may find however that you are unable to change this number nor the Next No . This is due to an invoice having already been created. SAP will not let you increment the First No. after invoices have been created in the system. So what to do now? You can either use manual invoice numbering or create a new number series for A/R Invoices and set it as the default.
SAP Business One – More Tips, Tricks and Hints
Thursday, May 14th, 2009Are 2 newsletter entries that contains numerous useful tips and tricks for SAP Business One
Sap Business One Tips & Tricks
The second is here:
Sap Business One Tips & Tricks -2
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SAP Business One – Landed Costs, How do Customs Groups Work?
Wednesday, April 29th, 2009Custom Groups are used to hold information when using a Landed Cost in the Purchasing section. They are set up in the Administration -> Setup -> Stock Management -> Customs Groups. In this window, the expected custom duty percentages, allocation and expense accounts are defined.
The Customs Allocation Account is often setup as a Balance Sheet (Liability) account to temporarily hold the accrued landed cost postings. When you receive the actual invoice from your vendor, say freight forwarder, this account should be offset on that AP Invoice entry.
The Custom Expense Account is typically defined as a Profit/Loss account. This is the posting account used for custom duties that the company decides not to capitalise (add to the stock cost) and hence charge them to full expense as they occur.
We’ll now review the transactions
1. Define a ‘Custom Group’ for the Item. For Item A2000 for example, the ‘Custom Duty’ is set. For this item, a (more…)