Top 20 Business One Interview Questions
Q1. When is Business One released for commercial use?
Ans: Business one was developed by a company called Top Manage Financial system in 2002 and SAP succeeded buying from them.
Q2. Which type of companies use SAP Business One?
Ans: Business One is an ERP software developed to manage MSME(Micro Small Medium Enterprises) type of companies.
Q3. What is Endusers and how to manage them in SAP Business One?
Ans: Endusers are type of usres who has division of work in a certine functional module, we can manage them under human resource module and assign their rol under autorisations in administration module.
Q4. Type of business partners and how to create them?
Ans: Ther are three type of business partners in SAP B1,
Can craete all of them in Business partner master data under business partner module.
Q5. What is Blanket agreement?
Blanket agreements are long term contract betwwen either for the purpose of purchasing or sales.
Q6. Use of Payment means?
Ans: Payment means is used to function outgoing and incoming payments, there are four types of payment methods in paymnet means, ie Bank transfer, Cheque, Cash and Credit card.
Q7. What is master data and different types of master data in B1?
Ans: Master data are the data records keeps inthe syatem for a long period of time. Master data in Buisiness one are,
- Employee master data
- Business partner master data
- Item master data
- Resource master data
Q8. What is House bank and its function?
Ans: Company’s operating bank account is maintained as House bank in SAP B1. We use them to process the companies payment transactions.
Q9. How to do Multiple payments in one go?
Ans: Automatic Payment Program(APP) is the function used to do multiple payments at once. We can define conditions for APP in payment methods under banking configurations.
Q10. What is Dunning?
Ans: By using Dunning function we can send remainding letters to customers who have due or overdue invoice to pay.
Q11. What is Material Requirement Planning(MRP), and its use?
Ans: MRP in SAP B1 is used to forcate future material demand and helps to schedule manufacturing and procurement process accordingly.
Q12. Why do we maintain Reccurring Postings in Financial Module?
Ans: Reccurring postings are used to post frequent journal entry transactions easily, We can maintain templates for such frequent transactions and execute them when ever needed.
Q13. How to view Balance sheet of company in SAP B1?
Ans: Financial > Financial Reports > Financial > Balance sheet
Q14. Which function can be used to transfer Stock/Inventory from one warehouse to another.
Ans: Inventory transfer fucnction under inventory module.
Q15. What is Approval Procedure used for?
Ans: Approval Procedure can be used when an enduser requires authorisation from his consultant for an activity that he don’t have acces for.
Q16. Use of form settings?
Ans: We can edit fields to input/display in any documents available in SAP Business One.
Q17. How do we check stock in SAP Business One?
Ans: There are two ways to check incentory in SAP B1
- Use find mode in item master data
- Goto Inventory > Inventory reports > Inventory status
Q18. Why do we use pick and pack?
Ans: Pick and pack is a function used to automate the process of sales orders, Inventory transfer requestes, Production orders.
Q19. What is Landed cost
Ans: It is a fuction used to add additional charges(ie, carriage, customs, transportation and etc...) of procurement and allocate it to the materials procured.
Q20. State the path for internal reconciliation in SAP Business One?
Ans: Business Partners > Internal Reconciliations > Reconciliations.