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.
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.
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.
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.