General Ledger

SAP Business All-in-One Financials provides core accounting and reporting capabilities with scalability to support the requirements of multinational companies. The general ledger simultaneously supports parallel books of accounts, including those for local GAAP, IFRS, US-GAAP, and tax. The solution integrates accounts payable and receivable applications in high-volume environments. Complete integration with the general ledger ensures the most up-to-date balances and reporting accuracy.

SAP Business All-in-One also provides the following:

• Supports legal, managerial, and segment accounting and reporting
• Supports multiple real-time ledgers for local GAAP, IFRS, tax, and US-GAAP processes
• Achieve faster closes with SAP Business All-in-One, you can streamline consolidation, process scheduling, workflow, and collaboration.
• Improve corporate performance SAP Business All-in-One gives you the ability to quickly read, evaluate, and respond to changing business conditions with effective business strategies such as defining financial targets, developing a suitable business plan, and monitoring costs and revenue during execution.
• Improve corporate governance and transparency SAP Business All-in-One provides broader support of accounting standards, federal regulations, and improved administration of internal controls.
• Improve financial and managerial reporting SAP Business All-in-One gives you the flexibility to report performance by business unit, organization, or cost center.