Sap Business One Consolidated Profit And Loss Statement How To Build

Business One is good solution when you are midmarket organization with attributes of multinational corporation, such as branches in foreign countries and headquarters and research facility in the United States. SAP B1 is popular in international business scenarios as it is localized in such popular regional powers as China, Brazil and Russian Federation. There are known cases studies when companies with non-SAP Corporate ERP applications launched Business One for their branches in Brazil and later one switched to it in the headquarters as well. There are some challenges however and one of them is consolidated financial reporting. As you may know such popular tools as Microsoft Management Reporter and FRx do not have GL connectors to SAP BO. Some customers are doing GL trial balance export to Excel and then prepare it to fit consolidation template. This is definitely possible way but you may mention that it is time consuming and open to human errors. In this publication we recommend old-good-days method of GL consolidation:

1.How does it work conceptually? You have to create new company with account structure matching your template. Then you schedule regular GL entries migration into this company General Ledger. This company obviously doesnt represent legal entity but it has all your branches GL activity and ready for consolidated Balance Sheet and P&L. You can use internal reporting

2.How does it work technically? You can deploy several tools. First of all it is possible to pull GL records via Data Transfer Workbench when it has integrations for each company SQL database via ODBC. Second method is programming with Software Development Kit. This second method might seem like something challenging. However it is only one type of transactions and code samples in VB and C# are straight forward. There are ISV products working with SAP B1 SQL database via direct data feed. They are usually expensive and require learning curve. But if you are ready to deploy luxury solution then you should probably make your homework

3.International Business Specific multicurrency. Business One is multicurrency enabled so in our opinion it is just one additional factor to incorporate into the solution. We have done it for the company which operates in Brazil and USA with respectively Real and Dollar

4.Standard for Chart of Accounts. This might be additional challenge as often company deploys the same system in several countries but contracts different consulting partners to do from ground up implementation without coordination with central office. In consolidated financial reporting Chart of Accounts should be reviewed and unified in all business entities. In any case this is good exercise in order to understand you foreign country branch operations and finances or in other words strengthen central control

5.Other aspects of multinational environment and Business One. It is generally good idea to host all the installations on the server located in the Headquarters. There are definitely some specifics associated with foreign company regulations and tax code. But these compliances should not be the central emphasis. Instead you should think about your new Corporate ERP system as the tool allowing you to exercise tight central control over all of your overseas subsidiaries. General advice is to assign chosen consulting organization here in the United States for picking subcontractors for each country to implement just compliance related functionality. Compliance is just a small part of what the system is for

6.Please call us 1-866-304-3265, 1-269-605-4904 (for international customers, where our representative pick up the phone in St. Joseph, MI call center). [emailprotected] We have local presence in Chicagoland, Southern California, South West Michigan and Houston and Dallas areas of Texas. We serve customers USA, Canada, Mexico and Brazil nationwide and internationally via web sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish, Portuguese, Russian and Chinese. We feature our expertise is in International Business. We provide second opinion in SB1 data migration, customization and reporting

Sap Business One Implementing Notes Adding New Fields And Tables

In comparing to other ERP and Small and Midsize Business Accounting applications, SB1 is more flexible and where traditional system may require programmer to code the custom logic and then integrate it with existing user interface and the database – SAP BO may have this custom logic to be easily set up in User Defined Tables and User Defined Fields, and SAP B1 software developers already supplied simple user interface to work with newly created objects, let’s us show you how. We will be assuming that you are on SAB BO version 2007A, international version 2007B should be the same if you translate our article to you local language, and if you are on SB1 2005A/B, you should be able to find the same functionality in slightly different menu paths:

1.OK, let’s assume that you need few new fields to be associated with Business Partner, such as Statement Type: email or mail. You will need new field on the Business Master table, the field should be named Statement Method, it should be Drop Down List with two options: Email and Mail. Please, open Tools->User Defined Tools->User Defined Fields-Management. Expand Master Data, Business Partner, highlight it and click add button at the bottom of the form. Name the field Statement Method, give appropriate description, alphanumeric, Structure: regular, mark Set Valid Values for the Field and click new to create Email and Mail options in this new DDL. Now, open Business Partner and pull out existing customer, for example. in Menu: View->User Defined-Fields and you should notice that New Small Windows is now open to the right of the Business Partner Master Data window, here you may select Email or Mail from DDL, when you will click on OK (or Add, if you are adding new Business Partner/Customer), Statement Method will be saved together with the regular Business Partner info. For those of you who are IT people or Software Developers, please click on View->System Information and then place your cursor over new field – you will see that it is created in OCRD table (Business Partner Master Table)

2.Let’s come out on the fresh air and between us, who are Corporate ERP consultants discuss, what we just saw. In other more traditional Corporate ERP, MRP, CRM, Sales Order Processing systems, etc., this is legitimate so-called “customization”, where programming is required or at least recommended. SAP Business One does the job in out-of-the-box install with five minutes long setup procedure. Please, relax and expect more surprises, let’s move on to new custom table creation

3.User Defined Tables. Tools->Customization Tools->User Defined Tables Setup, here give it the name, description, and select No Object if the table will be stand alone, or select Master Data if it is supposed to be linked to Master Data table, or Master Data Rows (in you plan to link it to Business Partner Address, which is Master Data Row classified table), Document (if you plan to link it to AR Invoice, or other legitimate document header), or Document Rows (if you plan to link it to AR Invoice Inventory Item or Service Line, for example). In our example, let’s try to be moderate and give you just simple example, we would like to create Non-Inventory Item Monthly Cost table, which is No Object. Give it the name, description, and then Tools-> Customization Tools->User Defined Fields Management, expand User Tables, highlight Non Inventory Item Monthly Cost and click Add: Add Year, Month and Cost fields (feel free to apply your judging on the type). Now, let’s enter the rows into newly defined table. User Defined Windows, select your newly created table and feel free to enter data there. Small comment, SB1 designers looks like were trying to make our life easier, so the created two mandatory fields: Code and Name, we recommend you to enter unique values there

4.SAP Business One Executive Demo or technical presentation. Via Web Session and Phone Conference you can request this service being USA, Canada Nationwide, in Europe, Brazil, Latin America and Internationally

5.Second Opinion on SB1 implementation or modules selection. This service is popular if your local SB1 reseller failed in challenging implementation, when you have to do complex Data Conversion, Integration to Legacy Systems, including Lotus Notes, Oracle Custom DB, legacy ecommerce

6.SAP B1 as Publicly Traded Multinational Corporation local branch ERP. SB1 licensing is relatively cheap and considering the fact that it is localized (translated to local languages in the majority of the countries: Brazil, Mexico, Venezuela, Colombia, Israel, Russia, China, to begin the long list; plus it is certified with foreign countries tax agencies). Special considerations to the customers, where their corporate ERP is not localized in the overseas branches. Good example is Dynamics GP Great Plains, it is only supported in USA, Canada, UK, Australia, New Zealand, Arabic countries, Spanish Speaking Latin America and English Speaking South East Asia. If you have Dynamics GP Great Plains as your Corporate ERP in USA or Canada, please consider SAP Business One in such country as Brazil, Russia, Poland, Lithuania, Latvia, etc., for your local branch with GL or even full data consolidation to Dynamics GP via Great Plains Integration Manager. SAP Business One allows simple data export to Microsoft Excel, or you can do exported data marking on SB1 SQL DB level

7.How to get help? Please, call us: 1-866-528-0577,

Brazilian Rainforest And Climate Change Connections

Brazilians are well aware of how human actions can affect the climate and environment not only in personal proximity also but worldwide, according to a 2010 study by the National Confederation of Industries (CNI).

The survey revealed that nearly 80 percent of Brazilians think global warming is caused by human activities. In comparison, similar surveys said 70 percent of Britons and less than 50 percent of Americans believe similarly. Additionally, the study said that roughly 90 percent of the 2,000 Brazilians interviewed believe climate change is real and is a serious issue. Approximately the same percentage of Europeans think this as well, while only 54 percent of American believe climate change is a major problem.

If action follows belief in Brazil, this could be a step in the right direction for climate change mitigation.

Brazil is the eighth largest greenhouse gas emitterthe third largest among developing countries, lagging behind China and India. Yet its causes differ from most countries: in Brazil the number one cause of greenhouse gas emissions is deforestation. Brazil is home to about one-third of the worlds rainforest. Most of this is located in the Amazon Basin. Since 1970, over 15 percent of this regions total surface area has been destroyed by deforestation. Main causes of deforestation in Brazil continue to be: clearing land for cattle grazing, slash and burn agriculture, construction projects, commercial agriculture, and logging.

In a dangerous cycle, higher amounts of deforestation lead to more emissions that lead to accelerated climate change, which will return to hit the rainforest in a double whammy. The Amazons delicate biodiversity balance supports more than 56,000 species of plants, 1,700 species of birds, 578 mammals, and over 12,000 types of amphibians and reptiles, making Brazil the most biodiverse country on the planet.

But the future is not necessarily bleak. Brazil is a leader in renewable energy sources and has put programs in place to protect its valuable environment. Half of Brazilians in the CNI survey said they have a positive outlook for the future, saying that environmental conservation and market development are not mutually exclusive and can improve together.

The preservation of the Amazon rainforest is vital for keeping our planets climate in check; and the knowledge of the areas global importance only makes a trip to the Amazon even more awing and inspiring. A Brazil tour is one way to fully understand the great biodiversity this region has to offer, and a Brazil trip is a great way to learn about Brazilian people and culture.

Brazilian Rainforest And Climate Change Connections

Brazilians are well aware of how human actions can affect the climate and environment not only in personal proximity also but worldwide, according to a 2010 study by the National Confederation of Industries (CNI).

The survey revealed that nearly 80 percent of Brazilians think global warming is caused by human activities. In comparison, similar surveys said 70 percent of Britons and less than 50 percent of Americans believe similarly. Additionally, the study said that roughly 90 percent of the 2,000 Brazilians interviewed believe climate change is real and is a serious issue. Approximately the same percentage of Europeans think this as well, while only 54 percent of American believe climate change is a major problem.

If action follows belief in Brazil, this could be a step in the right direction for climate change mitigation.

Brazil is the eighth largest greenhouse gas emitterthe third largest among developing countries, lagging behind China and India. Yet its causes differ from most countries: in Brazil the number one cause of greenhouse gas emissions is deforestation. Brazil is home to about one-third of the worlds rainforest. Most of this is located in the Amazon Basin. Since 1970, over 15 percent of this regions total surface area has been destroyed by deforestation. Main causes of deforestation in Brazil continue to be: clearing land for cattle grazing, slash and burn agriculture, construction projects, commercial agriculture, and logging.

In a dangerous cycle, higher amounts of deforestation lead to more emissions that lead to accelerated climate change, which will return to hit the rainforest in a double whammy. The Amazons delicate biodiversity balance supports more than 56,000 species of plants, 1,700 species of birds, 578 mammals, and over 12,000 types of amphibians and reptiles, making Brazil the most biodiverse country on the planet.

But the future is not necessarily bleak. Brazil is a leader in renewable energy sources and has put programs in place to protect its valuable environment. Half of Brazilians in the CNI survey said they have a positive outlook for the future, saying that environmental conservation and market development are not mutually exclusive and can improve together.

The preservation of the Amazon rainforest is vital for keeping our planets climate in check; and the knowledge of the areas global importance only makes a trip to the Amazon even more awing and inspiring. A Brazil tour is one way to fully understand the great biodiversity this region has to offer, and a Brazil trip is a great way to learn about Brazilian people and culture.

Brazilian Agriculture Increases Export Share

Over the last year or so there’s been a major change in world agriculture. It concerns the comparative power and market shares of two main players, the US and Brazil.

The main reason for the changing situation is the severe drought this year in farming areas of North America. This has of course led to drastic reductions there in the production of important crops of all kinds. One major example is corn (maize) an absolutely vital food for both humans and animals and one of the five main crops cultivated world-wide. There’s been nearly a fifty per cent drop in American output this year, due to the weather conditions there. Another important crop seriously restricted is soy (soya or soybeans) almost as vital as corn, with a one-third fall in production in the US.

Needless to say all this has had a severe knock-on effect on food prices worldwide, with many of the world’s poorest people bearing the brunt of the increases. According to the United Nations, world food prices experienced a six per cent rise overall in July this year. A huge amount for just one month.

Brazil has managed to redress the shortages to a considerable extent, without such severe weather conditions as the US and its own exports boosted by increased demand from countries such as China. Evidence of this points to the fact (according to the International Grains Council at least) that Brazil will overtake the USA as the world’s biggest soy producer this year.

Corn (maize) producers in Brazil are also seeing record growth in sales as they strive to fill the gap caused by widespread ruined harvests in their northern competitor. A significant feature is that this year, for the first time ever, the USA is actually importing corn from Brazil.

All this increased activity in Brazilian agriculture is of course due to the misfortunes of the North Americans, a situation that is regrettable for them. However, it is certainly good news for the southern hemisphere BRICS nation. According to Luiz Antonio Pinazza, the President of Brazil’s ‘Sectoral Chamber of Agricultural Inputs (‘CSIA’); “The US situation has created an atmosphere of euphoria in our own countryside”. However, so far the main beneficiaries of the boost seem to be the large food producers in Brazil with working class and middle class consumers much less enthusiastic over rising prices.

None the less, as regards providing opportunities for domestic or foreign short term investment or long term investment in Brazilian agriculture, the present situation is an attractive one. In the long term the private and public sectors both say that the benefits will ‘trickle down’ to everyone. In any event the view is that the general market economy in Brazil will benefit.

This is especially remarkable when one looks at the Government’s recent easing of restrictions in developing new agricultural land, especially in the rainforest areas. This is a controversial measure, to be sure, but one that President Dilma Rousseff and her government say is economically necessary. Environmentalists and conservationists don’t agree and say that the steps are actually not needed. The investment community in Brazil and well a Investment News websites tend not to sympathise with them and general investment in Brazil continues to grow year after year and with the upcoming Fifa World Cup in 2014 and the Rio Olympics in 2014 there has never been a better time to invest in Brazil and turn a modest profit.

Discovering Untapped Investment Opportunities In Paraguay

The hit of the global economic crisis coupled with the harsh and extended drought has transformed the once-vulnerable Paraguay, with its rich agricultural industry and extensive hydro-electricity resources, into an attraction for foreign investors

Canadian entrepreneurs and investors Neal De Florio and Daniel Wang, Principals of Monarca Capital, are smitten with Paraguays stable economy, high incentives, low taxes and abundance of water, extensive arable land and clean electricity, oil and gas. The strategic geographic location of Paraguay, nicknamed the Heart of South America is at the heart of the highest income region of the continent, which accounts for almost 50% of South America`s GDP, say the investors.

Wang and De Florio are in for the long run. They have worked diligently to identify a number of investment opportunities in Paraguay in the banking, agricultural, real estate ,and infrastructure sectors. De Florio says, Our first priority is to find the right partners in Paraguay, then we focus on the opportunities that are available to us in each of the specific sectors we have earmarked. Doing business with honest and ethical people is paramount to long-term success in foreign markets.

Monarcas long-term aim is to develop funds for multiple sectors with foreign equity combined with traditional debt and/or fixed income securities. According to Wang, investments into Paraguay would be best suited for the mid-sized institutional investor or high net worth private investors. He says, You wont necessarily find deep discount opportunities as you would in the United States after the financial crisis, but you will find exceptional opportunities below their intrinsic value and at discounts compared to its neighbouring countries of Argentina and Brazil.

The stigma of corruption in its banking sector cant be easily dismissed, but Wang believes the Paraguayan banking sector is solid due to much improved and notably stricter regulations under the direction of the Central Bank. The development of inter-banking systems has resulted in increased interest from international banks such as Banco Regional, which is 40% owned by Rabobank, HSBC, and Citbank, he says. The entrepreneurs are also encouraged by a recent press release announcing Paraguays two largest banksInterBanco, a unit of Brazils Ita Unibanco (NYSE: ITUB), and the local subsidiary of Spains BBVA (NYSE: BBV)both posting the biggest profits in the system from January to August of this year.

While Paraguay enjoys the backing of its international banking partners, it cannot be denied that only 20% of its population has access to financial services due to its extensive rural areas. De Florio and Wang have identified an opportunity in the very need to shift banking from the current 75% dominant sight deposits (similar to that of chequing accounts) to medium- to long-term financing and broaden banking participation. There are plenty of development opportunities to fill that gap. Paraguayan banks and the government are committed to achieving widespread access to financial services in the country, says De Florio.

In the real estate sector, De Florio and Wang strongly believe developing low- to middle-income housing is an opportunity to cash in on a strong demand to alleviate the housing shortage.

Nothing could be more surprising than Paraguays recent historical milestone. After a decade, Brazil decided to increase Paraguays compensation from $120 million to $360 million for its share in operating the worlds largest energy-generating plant, the Itaipu Hydroelectric Power Plant, jointly owned by Paraguay and Brazil on the Parana River. Paraguay will soon enter into the Brazilian energy market as the agreement will allow Paraguay to sell its unused power in Brazil. Investors can look forward to infrastructural developments with the replacement of obsolete electric transmission lines by 2012. The powerful lines will increase Paraguays current 10% generating capacity to correspond with its industrial growth. While other emerging agricultural sectors could account for a deficit because of inadequate water supply, Paraguays advantage of having extensive water reserves and arable land together with low energy costs will continue to boost agricultural investment incentives.

For Monarca, Paraguay is a country with unlimited growth potential and unrivaled benefits. With Paraguays equidistance to Brazil and the Atlantic Ocean and to Chile and the Pacific Ocean, and with Rio Paranas natural borders to Brazil and Argentina, Paraguay enjoys access to main commercial centres, free ports, regional ports, barges and transatlantic ships.. It is a land where the VAT is, at 10%, the lowest of all South American countries; a land where 0% is applied to import tariffs on capital goods, capital transfer for investments of more than $5 million, and payments of interest on foreign loans. And, Paraguay is the ideal country for a business platform for logistics and distribution centres, IT, call centres, financial services, light manufacturing, vehicle and machinery yards and tourism offices.

For other foreign investors, Paraguay awakens an anxious attraction. Moving in the direction of greater investment transparency, stricter guidelines and minimized risks and costs, Paraguay is positioned to break down its barriers and could prove to be among the first in Latin America to emerge as paradise found.

Priti Ramjee is the President of Stratagem North, Ltd., a Canadian company. Priti has been specializing in global opportunities for asset based lending for eight years.

Emerging Market Investment Advice Tips

The emerging market describes a broad range of markets from second and third world countries. It encompasses economies such as China and Brazil, together with countries in Africa and Asia. Generally, the term emerging markets represents economies which are as yet not fully developed, and subsequently an investment in an emerging market can often be high risk but has the potential to yield great returns as their economies are still developing.

If you are considering investing in emerging markets, these advice tips are worth considering.
Do not put all your eggs in the one basket: No financial portfolio should be tied up with just one investment, and any investment in the emerging market should not comprise a dominant percentage of a portfolio.

Long term view: The emerging market has been likened to investing in America in the 1920s as over forty years an investor would have gained a substantial return on any investment. In that time he would have seen prices drop through the floor. This is similar to emerging market investment today, so be prepared to take a long term view to good returns.

Advice: Obtaining general advice on the emerging market is essential, especially if you are new to financial investment. Financial advisors, banks, and other institutions seem like good places to gain valuable advice on the surface. More often than not however, the investor who seeks guidance from these places often pays for advice they do not need, as many of the best decisions can and should be handled by the investor.

A few financial investment companies have realised this and take a hands off approach and only step in with general advice if needed. These are the companies to turn to when guidance is needed.
Commissions: It goes without saying that any financial investment company is going to charge commissions, and subsequently it makes sense to look for a company that charges low rates. Some offer 0% commission initially, and this is a good place to start.

Risk vs. Return: Any investment into the emerging market is high risk. The returns however, have the potential to be considerable and subsequently an emerging market investment becomes a viable option. It is possible to invest in a country or into a fund which in turn is managed by a fund manager.

The latter becomes a question of faith and trust in that manager to do the right thing with your money, so the decision to choose a financial investment company with a view to fund management should not be taken lightly.

Currently, China and Brazil are often seen as good choices for emerging market investment.

Ultimately it is important to realise that as an investor you need to be in control of the fund, even if it is supervised by a fund manager. Some financial companies give you that control, and it is worth spending sometime to find a financial investment company like this.