The configuration of cash-book "IFRS" is designed to build a system of parallel accounting for the purpose of generating financial statements according to international standards and/or generating consolidated statements.
Parallel accounting according to IFRS

The method of parallel accounting is used in cash-book in order to get reports according to international standards; the essence of the method is that each basic source document is registered and processed in two parallel financial systems - IFRS and Russian accounting system.

The method of parallel accounting is used in the following cases: a) when financial reporting according to IFRS is done on a regular basis; b) when high accuracy of IFRS reporting is required. It is more reasonable to use the method of conversion of financial statements when one-time reporting according to IFRS is needed and/or low accuracy of reporting is allowed (+ -10% and worse in terms of determining the amount of net profit). FinBook does not support the method of conversion of financial statements.

Importing data from other accounting systems

To reduce accounting costs, cash-book makes it possible to import data from programs on 1C: Enterprise software platform or other systems supporting data exchange in XML format. Source business transactions (documents), not account entries, are uploaded from accounting systems, as, in compliance with the accounting policies, they are used for generation of account entries in the chart of accounts according to IFRS.

Automation of accounting in case of differences between IFRS and RAS (Russian Accounting Standards)

In some accounting areas where the principles of accounting according to IFRS and RAS differ, cash-book provides necessary tools for automation of accounting: management of fixed assets and intangible assets, inventory control unit, automatic calculation of realized and unrealized exchange differences, automatic closing of advances, etc.

Setup for any accounting policy and all types of corporate reporting

FinBook system: IFRS allows you to customize accounting policy of IFRS in accordance with any corporate standards, as well as generate all types of required corporate reporting.

Besides standard reports (balance sheets, profit and loss statements, cash flow statements, turnover balance sheets) you can create your own reporting forms that can include financial accounting data, planned financial indicators, automatically calculated key performance indicators (KPI), non-financial indicators (for example, population in the region).

The possibility to use graphs and charts, different types of data grouping allows you to create colorful and visual reporting.

Feature overview
Flexible customization of accounting policy
The chart of accounts according to IFRS
Register of typical business transactions and account entries
Hierarchical financial structure
Customizable indicators for the analysis of the company's activity
Hierarchical financial structure
Data conversion
Import of documents from 1C: Enterprise or other accounting systems
Flexible customization of data conversion rules
Accounting of transactions performed among the companies of one holding
Uploading of grouped data for a certain period
Online uploading (data is uploaded immediately when documents are posted)
Financial Accounting
Manual registration of business transactions and any corrections of imported transactions
Saving changes in imported transactions when the follow-up uploading is done
Segment and project accounting
Multi-currency accounting
Maintaining a base of non-financial indicators to be used in reporting
Closing accounts and periods for change
Financial reporting
Balance Sheet
Profit and Loss statement (P&L)
Statement of cash flow
Report on changes in owner’s equity
Consolidated report
Turnover balance sheets
Reports builder
Budget and reporting plan/fact
Forecast balance, profit and loss statement, cash flow statement
Comparison of plan-fact in the analysis of the balance sheet, profit and loss statement, cash flow statement
Use of key performance indicators in custom reports
Merchandise inventory
Inventory accounting at historical cost, cost accounting (FIFO method)
Fixed assets and intangible assets
"One-button click" depreciation
Linear and non-linear depreciation methods
Revaluation of fixed assets
Restricting users access to system interfaces
Restricting users rights to access accounts of the chart of accounts
Restriction users rights to access information from other FRC (Financial Reporting Centers)
Restricting users rights to view, change and delete information
Access log
Backup and restore management