You can also run multiple companies in SAP Business One, which would have a database for each company and then use other methods to consolidate them up. But this presentation focuses only on using a single database.
• You’re a small/midsize business that has just purchased SAP Business One, but haven’t implemented yet
• You have multiple companies/divisions/branches that you need to manage financially in the software and want to do so in one database
• You need to produce consolidated financial statements
• You also want to drill into the detail of revenues and expenses by branch, division, and department
Segmented Chart of Accounts
• Determine account segments based on business processes and financial reporting needs
• Use the 4 default account segments, or define up to 10
• Segments can represent divisions, departments, regions, lines of business, entities, branches etc.
• Once created, you cannot change the length or type of a segment later on
• Prevalent financial method used in Europe
• Reduces the number of general ledger accounts that need to be maintained
• Use dimensions to group cost centers together
• Use distribution rules to allocate direct and indirect costs and revenues to cost centers
• Create sales and purchasing transaction for a dedicated branch
• Reporting by branch, e.g. profit and loss statement per branch
• Warehouse management per branch
• Restrict usage of business partners by branch
• All financial transactions will be separated by branches
SAP Business One brings incredible power and flexibility to companies that need to easily break out their financials by company/division/branch, etc., and just as easily view them at a consolidated level.
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