SAP Business One Certification Practice Exam

What can be a result of creating an internal reconciliation? Choose two correct answers.

1. Copy a transaction from a business partner to an account

2. Remove an A/P Invoice from the vendor aging report

3. Remove an A/R Invoice from the open invoices list

4. Decrease the debit amount of the total balance of a customer

The correct answer is: Remove an A/P Invoice from the vendor aging report

Creating an internal reconciliation in SAP Business One involves reviewing and adjusting the internal accounts to ensure they accurately reflect the company's financial position. One of the results of this process is the ability to remove an A/P Invoice from the vendor aging report. This indicates that the invoice has been reconciled, which effectively updates the aging report to reflect that this liability is no longer outstanding, thus ensuring a more accurate representation of what is owed to vendors. Another potential result of an internal reconciliation can include the removal of an A/R Invoice from the open invoices list. When A/R Invoices are paid, reconciled, or otherwise resolved, they no longer need to be reported as open invoices. This streamlines financial reporting and provides clarity regarding the company’s receivables. Decreasing the debit amount of the total balance of a customer can also occur, but this is more of a consequence of making adjustments to the receivable accounts as part of the reconciliation process rather than an immediate result of creating an internal reconciliation. Similarly, copying a transaction from a business partner to an account is not a direct outcome of performing an internal reconciliation and does not typically represent a result focused on internal account adjustments.