One ledger and a one-step month-end close

What is inside

1. 01

   Entries are generated by the system

   Accounts and analytics for every entry come from reference data and settings. The accountant works with documents instead of composing entries by hand.

2. 02

   Chart of accounts under Instruction No. 291

   The chart follows Ukraine’s national standard and has 369 accounts, off-balance ones included. System accounts cannot be deleted or renumbered. Account attributes (quantity, currency, monetary) drive the calculations: for example, they decide whether a balance is revalued. Analytics come in 26 kinds, and each account has its own set.

   Screen O2Chart of accounts shown as a tree

3. 03

   A closed month stays closed

   In a closed month a document cannot be posted, changed or voided. The system will not reopen a month that later calculations already rely on, such as depreciation, output cost or profit tax.

4. 04

   A dated accounting policy

   Inventory valuation, the salary advance method, VAT registration and other settings are kept as a history of dated records. A change applies from its date forward and does not rewrite past months. A backdated record needs a separate permission and a reason, and it goes into the audit log.

   Screen O3Accounting policy in the legal entity card, kept as records with effective dates

5. 05

   Month-end close in one step

   Depreciation, payroll, cost of sales and output cost, currency revaluation, VAT apportionment, the bad debt allowance, profit tax and the financial result run in one transaction, in the right order. Reopening is a single step too.

6. 06

   See the result before you close

   Each step shows the amount it will post and anything that blocks the close. For example, a payment the bank has processed but the books do not yet show will stop the close.

   Screen O1Close assistant with the amount for each step and what blocks the close