Released on: March 23, 2008, 1:40 pm

Press Release Author: Alba Spectrum Group

Industry: Computers

Press Release Summary: ERP implementation term itself suggests something hard or at
least not easy or not pleasant things to do. However if you are installing SB1 it
is more likely not going to be the case, as installation, initial balances entry and
modules settings are relatively intuitive and users or trainees are quick in getting
basic SAP BO interface navigating skills

Press Release Body: ERP implementation term itself suggests something hard or at
least not easy or not pleasant things to do. However if you are installing SB1 it
is more likely not going to be the case, as installation, initial balances entry and
modules settings are relatively intuitive and users or trainees are quick in getting
basic SAP BO interface navigating skills. In this small article we would like to
give you highlights on Financials module
1. General Ledger. Accounts. Each account you can classify as Title or Active
account. Titles are simply to say headers of the groups and active account is the
one, where you can post your transactions. Active accounts you associate with
category (such as Balance Sheet->Cash for instance), categories as you can see allow
you to build P&L, BS and Cash Flow reports automatically. Plus you can include the
account into Analytical accounting by making it associated with the Project. If you
select the Project, then account transactions will be included into project
financial and managerial reporting. If you ask how it is possible - the answer is
this - SB1 also requires you to specify account type: Other, Sales or Expenditure -
this is how you can include the account in Project P&L

2. Journal Vouchers. In SAP Business One you do not have direct mechanism for batch
processing, however on the level of the modules you can use various transactions
grouping and saving. In GL, for example you save transactions for future review and
posting in Journal Voucher

3. Business Partners. As in SB1 you have business partners, such as customers,
vendors and leads in the same functionality (which by the way enables
customer/vendor consolidation via internal reconciliation for multiple partners in
one screen) - they are typically reviewed in Financials training

4. Financial Reporting. Here, besides standard and expected Balance Sheet, Profit &
Loss, Cash Flow and Trial Balance, you have such cool features as Comparison reports
(BS, P&L and Trial Balance only). Comparison report allows you not only compare two
different periods, but also compare two different companies, which is not what you
commonly find in other ERP packages

5. Collection management. In SB1 you have up to 10 levels of dunning or collection
letter formats, which you can setup for the delinquent account in sequence of
collection attempts. Collection management is not a separate module, it is
integrated in Financials, as Financials itself is tightly integrated with Business
Partners section, where customers are.

6. Multicurrency. This functionality is really on the advanced level, comparing to
other small business MRP packages in US. This is probably attributable to the fact,
that SAP Business One is very popular in international environment. Multiple
versions of currency revaluations are very impressive.


Web Site: http://www.albaspectrum.com

Contact Details: Andrew Karasev, Alba Spectrum Group, http://www.albaspectrum.com
help@albaspectrum.com 1-866-528-0577, we serve you USA nationwide, first by
providing web presentation and if required sending our Sales Engineer onsite at no
cost to you. We have local reps in Chicago, South Carolina, Atlanta. However we
send our consultants to you again at no travel and lodging cost for implementation
onsite. Please visit our media portal http://www.pegasplanet.com