Software product for accounting automation and report formation according to IFRS
The system is designed for:
- building IFRS accounting on a separate chart of accounts;
- organization of multicurrency accounting;
- automated formation of accounting entries according to IFRS o the basis of mapping;
- organization of parallel accounting for a range of segments (fixed assets, intangible assets, financial leases, financial instruments etc.);
- forming reports on comparing RAS and IFRS data;
- formation of the whole IFRS reports package.
Report formation according to IFRS
Tasks that you can solve with BIT.FINANCE.IFRS
- Maintaining both regulated financial and tax accounting records as well as IFRS records in a single base;
- Forming accounting entries according to IFRS chart of accounts online while entering source documents;
- Performing parallel accounting of fixed assets according to IFRS: permanent assets, intangible assets, financial leases, investment property, fixed assets for sale);
- Performing parallel accounting of financial instruments according to IFRS;
- Calculating deferred taxes according to IFRS by a balance method;
- Fast close according to IFRS;
- Calculation of income and expenses according to IFRS, that are not reflected in RAS due to the different representation rules (Accruals);
- Reports formation on comparing RAS and IFRS data;
- Report formation in any foreign currency and in any language;
- Formation of the whole IFRS reports package.
The results of the implementation
- Reduction of time needed for preparation of IFRS accounting reports;
- Automated IFRS accounting system;
- Decreased labor costs of report formation;
- High accuracy of data due to the decrease in the number of errors;
- High detalization of data.
- 1C:Accounting PROF,
- 1C:Accounting CORP,
- 1C:Complex automation,
- 1C:Manufacturing enterprise management (1C: ERP),
- 1C:ERP 2
Other BIT.FINANCE products
BIT.FINANCE.Management accounting. A universal financial management tool for the corporate sector. Learn more >>
BIT.FINANCE.Prof. A full-function solution for budgeting the activities of a company.
BIT.IFRS case. The solution includes a range of ready-made settings and methodological guide for prompt implementation of IFRS accounting system.
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