Sap Business One Consolidated Profit And Loss StatementHow To Build

Business One is good solution when you are midmarket organization with attributes of multinationalcorporation, such as branches in foreign countries and headquarters and research facility in theUnited States. SAP B1 is popular in international business scenarios as it is localized in such popularregional powers as China, Brazil and Russian Federation. There are known cases studies whencompanies with non-SAP Corporate ERP applications launched Business One for their branches inBrazil and later one switched to it in the headquarters as well. There are some challenges howeverand one of them is consolidated financial reporting. As you may know such popular tools asMicrosoft Management Reporter and FRx do not have GL connectors to SAP BO. Some customersare doing GL trial balance export to Excel and then prepare it to fit consolidation template. This isdefinitely possible way but you may mention that it is time consuming and open to human errors. Inthis publication we recommend old-good-days method of GL consolidation:

1.How does it work conceptually? You have to create new company with account structure matchingyour template. Then you schedule regular GL entries migration into this company General Ledger.This company obviously doesnt represent legal entity but it has all your branches GL activity andready for consolidated Balance Sheet and P&L. You can use internal reporting

2.How does it work technically? You can deploy several tools. First of all it is possible to pull GLrecords via Data Transfer Workbench when it has integrations for each company SQL database viaODBC. Second method is programming with Software Development Kit. This second method mightseem like something challenging. However it is only one type of transactions and code samples in VBand C# are straight forward. There are ISV products working with SAP B1 SQL database via directdata feed. They are usually expensive and require learning curve. But if you are ready to deployluxury solution then you should probably make your homework

3.International Business Specific multicurrency. Business One is multicurrency enabled so in ouropinion it is just one additional factor to incorporate into the solution. We have done it for thecompany which operates in Brazil and USA with respectively Real and Dollar

4.Standard for Chart of Accounts. This might be additional challenge as often company deploys thesame system in several countries but contracts different consulting partners to do from ground upimplementation without coordination with central office. In consolidated financial reporting Chart ofAccounts should be reviewed and unified in all business entities. In any case this is good exercise inorder to understand you foreign country branch operations and finances or in other wordsstrengthen central control

5.Other aspects of multinational environment and Business One. It is generally good idea to host allthe installations on the server located in the Headquarters. There are definitely some specificsassociated with foreign company regulations and tax code. But these compliances should not be thecentral emphasis. Instead you should think about your new Corporate ERP system as the toolallowing you to exercise tight central control over all of your overseas subsidiaries. General advice isto assign chosen consulting organization here in the United States for picking subcontractors foreach country to implement just compliance related functionality. Compliance is just a small part ofwhat the system is for

6.Please call us 1-866-304-3265, 1-269-605-4904 (for international customers, where ourrepresentative pick up the phone in St. Joseph, MI call center). help@efaru.com. We have localpresence in Chicagoland, Southern California, South West Michigan and Houston and Dallas areasof Texas. We serve customers USA, Canada, Mexico and Brazil nationwide and internationally viaweb sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish,Portuguese, Russian and Chinese. We feature our expertise is in International Business. We providesecond opinion in SB1 data migration, customization and reporting

About the Author:Andrew Karasev is SAP Business One Consultant and Great Plains Certified Master, MVP,help@efaru.com 1-866-304-3265, 1-269-605-4904. He is also the initiator of eFaru projecthttp://www.efaru.com and founder of Alba Spectrum information space. By the nature of our servicewe are helping customers USA, Canada nationwide and internationally with consulting forcespeaking in English, Russian, Spanish and Brazilian Portuguese