Finance

Prepare finances

A well-prepared financial system automatically transforms operational processes into traceable postings, reliable evaluations and secure closing.

Why this point is crucial for key users

For the key user, finance is not a downstream control room, but rather the invisible set of rules behind sales, purchasing, storage and payment. Every clean preset saves manual corrections later.

How to prepare for the process safely

1. Check years, periods, chart of accounts and company currency as a temporal and technical basis.
2. Define tax logic, dunning levels, cost accounting and automatic account determination.
3. Assign accounts to reporting groups and prepare bank, transfer and foreign currencies.
4. Test a complete process from document entry to financial evaluation.

Check before sharing

• Posting periods and accounts are open and complete for the trial period.
• Tax, partner, and item groups generate the expected accounts and tax codes.
• Balance sheet, income statement, BWA and open items can be plausibly explained from the test case.

What your team gets out of it

The result is a financial logic that works quietly in everyday life and provides clear information during audits.

In this chapter

• Check data
• Year-end procedures
• Define tax groups
• Prepare dunning
• Prepare cost accounting
• Use account determination
• Preparation of financial reports
• Preparation for transfer
• Company bank accounts
• Currencies
• Use continuous inventory value postings

Related topics

1. For key users – understand and prepare processes › Finance › Check data
2. For key users – understand and prepare processes › Finance › Define tax groups
3. For key users – understand and prepare processes › finance › use account determination
4. For key users – understand and prepare processes › Finance › Preparation of financial reports

Frequently asked questions