Periodic Activities
BizAps has developed a number of enablers that assist companies to carry out their periodic financial actitivities more effectively in SAP.These include but are not limited to:
SAP Intrastat & VAT Reporting
Accruals & Commitment Accounting
Inter-Company Reconciliation
SAP Intrastat & VAT Reporting
This solution enables you to produce intrastat reports from your SAP system both on paper and electronically. It is also possible to upload legacy information so that SAP will be able to produce intrastat reports covering transactions managed in SAP and third party systems.
Accruals & Commitment Accounting
A significant number of non-Stock Goods Receipts typically remain un-posted at month end in SAP, therefore the costs that have been incurred in the period are often understated. These costs exist across multiple cost objects.
The BizAps' solution for Accruals and Commitment Accounting is based on the standard Purchase Order cycle within SAP and provides a report on those items that may fall into this category, as well as the option to create a reversing journal for some or all of the items.
The solution allows for the individual or multiple selections of PO lines which can be executed to create a reversing accrual posting. These accrual documents can be displayed from within the Accrual Report.
Inter-Company Reconciliation
BizAps offers a solution to ease the burden of inter-company reconciliation. The diagram below demonstrates how this operates:
The primary objective of this package is to remove Inter-Company Reconciliation off the critical path at Period End and to facilitate easy:
- Routing of Inter-Company items for approval, to multiple entities
- Reconciliation across multiple Company Codes
- Automatic assignment of Inter Company postings
Please contact us to discuss your requirements for periodic reporting - we have an evolving range of enablers built as a result of customer's common business issues.
