Welcome to SAP Business One Certification Exam Practice Test #2. Developed by the German company SAP SE, SAP Business One is business management software designed for smaller companies and enterprises, which automates key business functions in financials, operations, and human resources. What do you know about it?
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If you enter the Local currency in the currency field. You can enter the line items in local currency and the system manages the account balance in the local currency and the system currency in parallel.
If you enter any specific Foreign currency in the currency field. You can enter the line items in the specified foreign currency or local currency. The system manages the account balance only in the specified foreign currency and local currency.
If you enter multi- currency in the currency field. You can enter the line items in any currency. The system manages the account balance only in the system currency and local currency.
For multi-currency account account you can conduct external bank reconciliation in the local currency.
At any point you can change multi-currency account to a particular currency account.
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Posting of external reconcillation of bank debits and credits
Creating, posting and internal reconciliation of Business partner incoming and outgoing payments made by direct debit or bank transfer and already entered in SAP B1
Posting and internal reconciliation of interim account used in payment with payment means of bank transfer.
External reconciliation of transaction that is not already posted in SAP B1.
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