End of Financial Year Close Accounts are Ready – Right?

When you came in this morning and asked for the FY2011 final results your finance head pressed a button and the results popped out – right?

This means you can answer YES to the following:

  • All you have to do now is to get your accountant to audit and then sign-off the accounts?
  • Your sales targets go back to zero
  • New Sales targets are loaded in their Sales CRM systems
  • Your sales team’s compensation plans are automatically calculated
  • New Government legislation for HR systems now eg new parental leave rules
  • The company’s key metrics for this year’s strategic plan are loaded into the reporting dashboards

Answered NO to any questions?

One of the great benefit’s of ERP solutions are that the whole idea of the end of year ‘close’ can go away. The systems are right up to date, any day of the year – and today is not special!

Read more by downloading our Do you need ERP Guidebook and our rules on spreadsheets.

Accounting in ERP with SAP Business One

The core reasons for utilising ERP packages include getting better (and faster) results to Financial and Accounting areas of the business. This SAP Business One video discusses these.