Accelerating the Financial Close Process

829 results

  1. An Introduction to Posting Journal Entries in SAP BusinessObjects Planning and Consolidation

    Learn how to post journal entries for audited and controlled adjustments to planning data with SAP BusinessObjects Planning and Consolidation, including how to post, unpost, and delete journal entries. Key Concept All functionality in SAP BusinessObjects Planning and Consolidation is designed with the business user in mind, and Journals is no exception. Traditionally, tasks such…...…
  2. Managing the Journal Entry and Approval Process in Your SAP Systems: Live Q&A with Brian Shannon

    To quickly and efficiently complete the financial close process, accounting teams require solutions that enable them to create and approve multiple journal entries in a very tight time frame. Standardizing and streamlining journal entry processes is essential, as every delay in journal entry processing delays the company’s ability to report its financial results. Dolphin’s Brian…...…
  3. Regain Control of SAP Journal Entries

    Many companies struggle with a variety of problems regarding their journal entry processes — such as approval procedures, accounting requirements, and complex workflows — that are unique to their business. A good number of these are SAP customers that continue to collect, route, and manage their journal entries with manual processes, emails, and spreadsheets, which…
  4. How to Automate and Streamline the Financial Close Process in Your SAP Systems

    In this Q&A, experts provided tips and best practices for automating and streamlining the financial close process, including deep insight into suggested tools ways to leverage those tools for improved error management, faster data extraction, and greater efficiency.  If you missed the chat or need a refresher, we welcome you to view the online chat…...…
  5. Navigating Manual Journal Entry Challenges in SAP for a Streamlined Financial Close

    In SAP, every transaction is a journal entry. The system doesn't differentiate between manual and automatic entries, making it hard to analyze them in the general ledger. Even though SAP ERP can create many journal entries automatically, manual corrections and inputs are still essential. Manual entries are often made for unique or irregular transactions that…
  6. Set Up a Cash Journal to Enhance Your Internal Controls

    See how to set up a cash journal and how to use it to record cash transactions and monitor your cash position. Key Concept Many companies have a petty cash account for small cash payments and receipts. To integrate petty cash with the SAP R/3 system, SAP developed the cash journal. The cash journal enables…...…
  7. Accelerating the Financial Close Process

    Reading time: 4 mins

    In this article, you'll explore how solutions like FS2 JournalEntry automate processing, review and approval of all manual journal entries (recurring, intercompany, FX, etc.) and enables accurate and transparent reporting. The solution validates accounting information (e.g., cost centers) at initial upload/creation, automates the processing of non-PO invoices and expenses, enables touchless payment processing and provides…
  8. Leverage Automation and Simplification for Better Journal Entry Transparency

    While digital transformation has been a revolutionizing force for many aspects of the organization, this isn’t always the case for the journal entry process. Routings and approvals are still often handled manually through emails, spreadsheets, and physical signatures, which can cause delays and a lack of transparency into financial close processes. And when it is…
  9. An Introduction to SAP BusinessObjects Planning and Consolidation: The Planning and Consolidation Features

    Learn some of the different features and functions to support planning and consolidation requirements in SAP Business Planning and Consolidation (BPC). This includes creating input schedules for planning, posting journal entries, and using script logic for creating planning functions and consolidation logic in BPC. Key Concept Different clients are available to users in SAP Business…...…
  10. How to Use the Extension Ledger Functionality in SAP S/4HANA Finance

    Learn how to configure and implement the new Extension Ledger functionality in SAP S/4HANA Finance. Find out how to deactivate a ledger in a company code. Key Concept The Extension Ledger, which is only available in SAP S/4HANA Finance, helps you to save space in the database. You can use it to avoid duplication of…...…