SAP Business One B1 Advance Training With Lifetime Software

Explore SAP Business One basics to advanced training with practical company projects, free software installation, remote access, and hands-on setup of chart of accounts and business partners.

Explore SAP Business One as a leading ERP for small and medium organizations, covering its versions, ease of use, mobile and browser access, and a remote desktop demo.

Download, install, and run the SAP Business One virtual machine on a standalone PC, enable a one-month trial, reverse system date to extend access, and verify SQL and SAP connections.

Explore the SAP interface and its two core areas—masters and transactions—through administration and general settings, with hands-on insights into login, demo company setup, and basic customization.

Explore SAP master data in the business partner module to manage customers and vendors. Identify the four modes—create, find, view, update—and how yellow fields and plus/minus denote debit and credit.

Retrieve customers and vendors with static, then use the find function that follows column sort order to locate records, open and edit them, and apply name and ending digits searches.

Create a new customer in SAP by using the business partner master data, entering code, name, group, currency, contact details, and payment terms.

Learn how to delete a business partner in SAP Business One, ensuring no accounting transactions affect final accounts, and distinguish between deletable and inactivated records.

Create a new SAP Business One company from scratch, configure the database and chart of accounts, set posting periods, and establish opening balances for a trading setup.

Configure date format and currency in a new SAP Business One company by using system initialization, adjusting display settings, and defining local and system currencies, including creating Pakistani rupees.

Learn how SAP's chart of accounts uses four levels—from assets to cash on hand—alongside title and ledger accounts to enhance balance sheet and profit and loss reporting.

Identify green linked versus black unlinked accounts and master COA coding rules, where assets start at 1 and costs of sales begin at 5; SEPI automates background journal entries.

Describe how to rearrange chart of accounts categories in SAP Business One by moving categories up or down, affecting assets and cash balances, then save changes.

Learn to create and delete a ledger in SAP by adding a new bank account under assets, entering the code sequence, naming it, and deleting only if no transactions exist.

Edit the chart of accounts using the US chart of accounts, renaming ledgers and updating currencies. Delete duplicate accounts, adjust asset and liability ledgers, and create an equity adjustment account.

Enter opening balances in SAP Part 1 using system initialization paths, G/L account opening balances, and the equity adjustment as a temporary equity account, guided by the accounting equation.

Learn how to configure SAP Business One GL account determination to automatically link the opening balance to the equity adjustment account, replacing the default extraordinary expenses link.

Enter opening balances in SAP Business One, ignore the three control accounts - debtors, creditors, and stock - using an opening balance column for debits and credits, with proper currency.

Extract and review opening balances in SAP Business One by navigating financial reports, selecting trial balance options, and viewing level four ledgers with closing balances.

Extract and reconcile the SAP B1 trial balance by analyzing debit and credit balances in the opening balance equity adjustment account. Export to Excel to separate level four balances.

Enter customer and supplier balances in SAP Business One by creating customers and vendors with opening balances. Then update the trial balance with account receivable, account payable, and equity adjustment.

Configure the price list in SAP Business One by using cost price as the base, defining sales, wholesale, and export prices with factors, and duplicating records for faster item setup.

Enter inventory opening balances for all items, adjust prices from item cost to buy prices using the cost base, set equity adjustment as open inventory account, and verify trial balance.

Export and review the opening trial balance in SAP Business One for 1 January 2019, then split and reconcile debit and credit columns in Excel to match the assignment.

Apply non-trading cash-based transactions by recording them in the banking area with cash on hand, review journal entry impact via preview, after setting opening balances in SFP.

Learn to handle prepaid expenses in SAP by recording six months of advance rent as an asset and converting portions to rent expense as benefits are received, with bank payments.

Learn to record a cash security deposit in SAP Business One as an account payment under non-trading activities, including creating a new ledger account and selecting cash.

Enter a cash payment for non-trading repair and maintenance expenses in the maintenance account in SAP, recording a five thousand rupees transaction for premises upkeep.

Process a full cash payment from a customer against their opening balance as trading activity from inventory. Use banking to record incoming payments and select the payment means.

learn how to change a ledger category in sap business one by navigating to financials, chart of accounts, and reclassifying a security deposit from current asset to other long-term assets.

retrieve the most recent incoming payment record in the banking area, then open its journal entry to see the background effect of the transaction.

Learn to enter a purchase invoice in SAP part 1, selecting a vendor, adding multiple items, creating new items, applying tax codes, and reviewing the journal entry.

Configure tax code determination to automatically apply exempt tax codes based on item groups by setting conditional rules in SAP Business One, improving tax accuracy for new items.

Learn to enter a purchase invoice in SAP Business One with tax determination settings, including creating a new vendor, adding line items, verifying totals, and viewing the journal entry.

Learn how SAP handles gas sales as a two-step process: create an invoice plus payment receivable, then record cash receipt, adjust price lists, and update inventory and revenue.

Learn to handle customer advances in SAP by recording cash in advance against a sales order and treating advances as a liability. Visualize document linkage with the relationship map.

Learn how to enter direct sales invoices in SAP Business One, including selecting customers, item details, and creating the background journal entries for receivables, inventory, and cost of goods sold.

Enter purchase orders by setting the document number to 49, selecting vendor Mr. Right, and itemizing quantities and rates; purchase orders are non accounting.

Learn the proper treatment of bad debts in SAP by performing internal reconciliation and linking a journal entry to an invoice to settle the Aboubacar balance to zero.

Enter a service invoice in SAP from a vendor for packing charges, treat it as cost of goods sold, and review the journal entry preview before posting.

Execute an outgoing payment to vendor Ali against a service invoice, processing a partial payment by check, then configure bank transfer options and draft the payment for later completion.

Configure banks in SAP by navigating to administration, setup, banking to create banks and house banks, then link to the G/L account and enter IBAN details.

Record a partial payment to a vendor against a service invoice in sfp, selecting cheque as payment means, handling currency, and posting the related journal entry.

Convert sealed orders to sales invoices while settling advance payments, using either full transfer or partial item selection, and reconcile with down payments via relationship maps and journal entries.

Enter a purchase return against the AP invoice in SAP Business One, link it to the original invoice, and post a credit memo to adjust inventory and payables.

Learn to process a sales return in SAP by converting invoices to credit memos with copy from, adjusting down payments, and using reconciliation and a relationship map of related documents.

Learn to process customer payments against invoices, allocate partial payments using first in, first out, and clear invoices via banking and incoming payments in SAP Business One advanced training.

Remap ledger links in SAP by adjusting account determination in financials, linking cash on hand to Standard Chartered Bank and validating with incoming payments.

Convert a purchase order to an invoice in SAP by using copy to for partial transfers, verify journal entries, and review the relationship map.

Explore how to handle loss of inventory in SAP Business One, distinguishing normal from abnormal losses, recording administrative mishandling damage during loading, and posting adjustments via inventory counting and expenses.

Convert the consumed portion of advance rent into rent expense via a non-cash journal entry debiting rent expense and crediting advance rent (prepaid expenses) when the month's benefit is used.

Extract the closing trial balance from SAP Business One by navigating to financials and financial reports or via search. Export to Excel for formatting and validation of debits and credits.

Extract profit and loss and balance sheet reports for the 2019 period, validate them against the trial balance, and export to Excel for comparison and assignment submission.

Celebrate completing the sap business one b1 advanced training and learn to apply the tools in professional and personal life, while inviting reviews and questions.