SAP Business One offers fully integrated financial and banking management where transactions automatically create journal entries in the general ledger without manual posting or batch processing. It provides features like automated accounting, journal entries, journal vouchers, posting templates, recurring postings, reversing journals, exchange rate differences, budgets, profit center definitions, and distribution rules. Reporting tools allow drilling down into transaction details and creating multilevel and customized reports for accounting and financial reporting. Control accounts can also be established to synchronize the general and subsidiary ledgers.