What’s new in SAP Business One v9.2 and how it’ll affect you

As a Christmas present to us all, SAP recently released SAP Business One v9.2 which contains some exciting new features and improvements to help your business.

We’ve highlighted four key areas of change that will simplify the way you work.

1. New web browser interface for SAP Business One

Yes, in SAP Business One v9.2 it’s now far easier to access on-premises SAP Business One thanks to the new web browser! This new browser access allows users to login securely without a desktop installation interface.

2. New Project Management module

The new Project Management feature will now let you manage your projects more effectively, by centralising all project-related transactions, documents, resources, and activities.

Consequently, you’ll be able to monitor the progress of tasks, stages, phases, and the overall project, as well as analyse budget and costs, and generate reports on various aspects of the project—such as stage analysis, open issues, and resources.

3. Financial management

The virtual asset concept:

This new feature has been designed to make managing your fixed assets more efficient—freeing you from manually entering large amounts of repeated information when, for example, your company purchases identical fixed assets in large quantities.

Journal entry posting alignment with marketing documents:

You now have the option of splitting journal entry postings by their origin document lines, which provides strong support for tax auditing. This feature means that document lines posted to the same G/L account are not consolidated into one journal entry line—each journal entry line has a reference number that can trace back to the origin document line.

Accounting improvements:

Activation of the Shipped Goods Account: The Shipped Goods Account is enabled for perpetual inventory companies. So when the delivery of goods and the issue of invoices occur in different financial periods, this account is used for postings instead of the COGS account.

Extension of G/L Account Levels: It’s now possible to define a chart of accounts for your company with G/L accounts up to 10 levels.

Rename Chart of Accounts Drawers: You should now be able to rename the drawers in the Chart of Accounts window. While the updated drawer names can be reflected in reports and other functions application-wide. 

4. Standard Production Cost Management

The standard production cost update routine gives you the option to periodically synchronise the budgeted standard production costs with the actual valuation cost of the item.

The standard production cost rollup routine for parent items gives you the option to roll up the budgeted costs of item and resource components into the parent’s production standard cost through all bill of materials levels. The breakdown of a parent’s production standard cost is then fully visible in the Bill of Materials window and can be used as a benchmark to compare with actual production costs. 

These are just some of the highlights of the new version. To find out more about these and others included in v9.2 – and how they might be able to help you – click on the button below to request a free demo.

{{cta(‘a70d54fe-b69a-417f-b205-a930c0e2508f’)}}