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SAP Business One Questions and Answers (Q&A)

What is the difference between AP and AR invoice?
John Adney
Answered: Jul 05, 2017
AP (accounts payable) invoices carry amounts company owes because it purchased goods or services on credit from a supplier or vendor. AR (accounts receivable) are amounts a company has a right to...Read More

2 Answers

960 views
What happens when you create an invoice for a customer, you reach an agreement with to accept payments in three installments?
John Smith
Answered: Nov 18, 2024
The system posts a single journal entry that contains a row for each installment with the relevant due date.

1 Answer

676 views
What is true concerning the Goods Receipt PO document?
John Smith
Answered: Nov 18, 2024
A journal entry for the increase in stock is created when a Goods Receipt PO is added when the perpetual inventory system is used.
When a Goods Receipt PO is created from a purchase order, the...Read More

1 Answer

607 views
What is true concerning the Item master data?
John Smith
Answered: Nov 18, 2024
An inventory item can be changed to a non-inventory item and vice versa only when the total quantity of the item is zero and the item has no open document.

1 Answer

522 views
Which Business Partner types can a quotation be created for?
Taseeb
Answered: Jan 14, 2017
We can also make purchase quotation for vendors.

Please modify question for Sales Quotation. Or change answer and includer All Vendors as well.

2 Answers

502 views
How would you define sales order in business?
John Adney
Answered: Dec 22, 2016
2. A sales order entered for a product will r...Read More

3 Answers

489 views
What did Janice forget to do?
John Smith
Answered: Nov 18, 2024

First thing that she forgot is that she did not include the new payment method in the vendor master data. Second thing, She did not include the new payment method in the payment run defaults.

1 Answer

470 views
What is the distribution rule in SAP B1?
Niladri_harichandan
Answered: Nov 18, 2024
When you create a profit center, the system automatically creates a distribution rule with the same name.
You can use Distribution rule for direct cost and revenues, which you can assign...Read More

1 Answer

462 views
What advice would you give chad if Chad of Blue Steel Inc. created a purchase order for steel tubes and after creating the order, he realized that he had ordered too large a quantity from his...
John Smith
Answered: Nov 18, 2024
He can reduce the quantity on the purchase order as longs as it has not yet been shipped and contact his vendor to let him/her know of the change.

1 Answer

397 views
What is true regarding user defined fields in SAP B1?
John Smith
Answered: Nov 18, 2024
Generally allow you to attach files,hyperlinks,or images.
2. If you select the create index option a search index is created in the data base level.
3. You can Link a user defined table to...Read More

2 Answers

383 views
Why do you need to define house banks In SAP Business One?
John Smith
Answered: Nov 18, 2024
In order to define Business Partner bank accounts.
2. In order to define house banks.

2 Answers

351 views
What are true to Dunning Wizard?
Niladri_harichandan
Answered: Nov 18, 2024
Dunning Wizard print letters to your customer of their overdue invoices.
Dunning wizard is identified by unique name and the date
Dunning Wizard specify selection criteria, such as General...Read More

1 Answer

338 views
What is the meaning of Account Currency?
Niladri_harichandan
Answered: Nov 18, 2024
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...Read More

1 Answer

298 views
Where does a first line item post the amount of a doubtful debt in the customer account of a journal entry?
L. Sevigny, Doctor
Answered: Jun 28, 2018
For those who are uninitiated in this area of fiance, the question looks a bit difficult to answer. The line item is an itemized piece of a budget on its own line. A doubtful debt is a debt that...Read More

1 Answer

265 views

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