SAP Business One Year End Closing Instructions SAP kindly provide a 50 page document which provides in depth instructions on the Year End process but most people only need to know how to run the actual Year End process in SAP B1. Because it is a once yearly procedure, it is forgotten year to year. Here are the instructions for running the Year End process in Business One. Year End Process in SAP B1 To carry forward the balances of the P&L accounts to the corresponding account in the balance sheet (or several different balance sheets), you can use the period-end closing function. You can store the results initially as a report and then post them at a…
Category: SAP Business One Support
Down Payment Interim Account & Down Payment Clearing Account An explanation / definition of what the Down Payment Interim and Clearing Accounts are for and how they are used. When a company receives or makes a down payment, the payment amount is recorded in an interim account before it’s deducted from the final transaction. For period end auditing purposes, the transactions that make up the value of the interim accounts must be easily auditable. In SAP Business One, postings are made to the following two interim accounts in the down payment process: Down payment clearing account Down payment interim account The postings to these two accounts are automatically reconciled as follows: Down Payment Request ProcessWhen you create a…
SAP Business One – Date Deviates From Permissible Range The ever popular Date Deviates From Permissible Range error message appears for two reasons and IS easily solved! The usual occurrence is in the New Year when new posting periods need to be created. To resolve this simply create a new posting year/period in (and watch out for your sub-periods!): Within SAP Business One in the Main Menu or top menu Modules option go to – Administration –> System Initialisation –> Posting Periods The second occurrence is when you are trying to post documents with a due date that is not covered by the created Posting Periods Due Date range. This usually occurs towards the end of the year. You can solve this…