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Difference Between SAP ERP Financial & SAP Business One ERP?

Former Member
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Hi Everyone

I am very new in the world of SAP, I just want to know what is the difference between SAP ERP Financial and SAP Business One???

Thanks in advance

Cheers

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Answers (1)

Answers (1)

ferry_lianto
Active Contributor
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Hi Farooque,

Welcome to SDN.

<b>SAP ERP Financial</b>

SAP ERP Financial provides a complete financial management solution for a broad range of industries. It's the leading enterprise software solution for accounting, financial reporting, performance management, and corporate governance.

The software solution offers depth of functionality in accounting, reporting, analysis, financial supply chain, and treasury management. Robust financial and management reporting, plus internal controls and documentation of all financial processes and transactions, ensures the highest levels of business analysis and governance.

It provides industry-leading support for local market requirements, languages, and currencies. It also supports a broad range of industry-specific processes and is compatible with all SAP industry solutions. Its scalable and open architecture is built for multinational organizations and connects financial management with existing business systems.

<b>SAP Business One</b>

SAP Business One is is an integrated, affordable, business management solution built from the ground up to meet the immediate and long-term needs of small and midsize businesses (SMBs). From general ledger and banking activities to service, sales, and inventory operations, SAP Business One provides all of the functions you need to gain greater control over your company and succeed in today’s competitive business environment – all in one easy to use, customizable, and scalable solution.

SAP Business One Financial Accounting delivers tools and reports that enable you to manage all financial processes, including:

- Chart of accounts -- Allows you to define all accounts and their hierarchical relationships

- Journal entries -- Allows you to enter or find manual journal entries and automatically allocate each transaction to a project or profit center

- Transaction templates -- Enables you to save time and prevent mistakes when entering manual journal entries

- Recurrent journal transactions -- Lets you create your own set of recurrent transactions, including automatic frequency reminders

- Exchange rate differences -- Adjusts foreign currency accounts to the changes in your local currency

- Trial balance report -- Displays account balances and transactions, enabling you to view all your financial reports in any desired currency and in each detailing level

- Profit and loss report -- Displays income and expenses in the conventional way used by accountants

- Balance sheet -- Displays assets and liabilities in the conventional way used by accountants

- Comparative reports -- Allows all reports to be displayed in a comparative view between months, quarters, years, or any other period

- Budget -- Helps you define and track your budget in any currency and view a summarizing budget report, which compares the actual versus the planned figures

- Financial reports designer -- Gives you the power to create unlimited financial reporting templates

Hope this will help.

Regards,

Ferry Lianto

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