Payment Accounting

The purpose of this subsystem is to provide centralized and automated day-to-day corporate accounting functions based on the information registered within the "Enterprise's Accounts Receivable and Payable Management" information system. The "Payment Accounting" subsystem is an extension of the corporate Financial Management System. The subsystem comprises the whole document management cycle related to payment accounting and enables automated generation of accounting transactions, as well as generation and printing of main accounting documents, primary accounting documents, various analytical and synthetic reporting forms.

Description of Subsystem

The subsystem "Payment Accounting" consists of the following modules fully integrated with the "Enterprise's Accounts Receivable and Accounts Payable" information system:

Settlements with buyers/clients and suppliers/contractors, settlements with other debtors and creditors

This module supports complete accounting of settlements with external contractors taking account of VAT.
The module supports the following functions:

Automatic generation of accounting transactions to record settlements based on data from primary accounting documents registered and accepted within the database
Generation of registers of issued and received invoices
Generation of purchase and sales ledgers
Generation and printing of accounting registers
Generation and printing of analytical record card for accounts 66, 67; analytical record card for account 68; analytical record card for account 69; analytical record card for account 76

Cash Settlements (Cash)

This module provides the functionality for the accounting of cash flows within the enterprise, processing of cash payment documents, analysis of the results of the enterprise’s cash flows.
The module supports the following functions:

Automatic generation and printing of the cash book, register of debit and credit cash documents and register of targeted cash uses
Generation, accounting and printing of cash payment documents
Generation and printing of accounting registers related to cash payment records

Settlements with Advance Holders

This module supports:

Complete accounting of settlements with advance holders
Maintenance of regulatory and reference data
Generation of all required primary and accounting documents related to settlements with advance holders
Generation and printing of advance payment reports, analysis of turnover and opening and closing balances of imprest amounts by advance holder for any analyzed period
Generation and printing of accounting registers related to settlements with advance holders

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