Fchain characteristics: 1C Accounting 8 for Azerbaijan, revision 3.0
The configuration is designed to automate accounting and tax records including preparation of mandatory (regulated) reporting in a commercial organization that applies the chart of accounts in line with legislation of the Republic of Azerbaijan.
The configuration provides a solution to accounting service of an enterprise, if the accounting service is fully responsible for accounting in the enterprise including, for example, the issuance of initial documents, sales records and so forth.
The composition of the accounts, organization of analytical, currency and quantitative records in the accounts are consistent with the requirements of the accounting legislation and data reporting. If necessary, users can independently create additional sub-accounts and analytical sections.
The configuration uses the 8.3 version capabilities of the “1C:Enterprise” platform including:
- Support for the new “taxi” interface, which is characterized by modern design, maximized workspace on monitors with different resolutions, large fonts, simple navigation, ability to adjust workspace;
- Thin and Web Client support
- Transfer of the main computational load to the server and saving the client’s resources.
The main way to reflect business transactions in accounting is to input program documents that correspond to the initial accounting documents. Input of individual accounting entries is also possible.
The program can be used to maintain accounting and tax records for the business activities of several organizations. Each organization can be accounted for in a separate database. At the same time, the configuration provides a capability to use a common database to record several institutions – legal entities. This is convenient, if their business is closely inter-connected: one can use common lists of products, counterparts (business partners), staff, warehouses (storage locations), etc.
- Inventory Accounting
Accounting of goods, materials and finished goods is carried out according to DBT 5, inventory accounting, and methodological guidelines for its application. The following methods are supported for estimating inventory when they are retired:
- average production cost,
- production cost of the first inventory acquisition time (FIFO method).
A batch accounting is maintained to support ways of estimating the FIFO in the inventory accounts. Various estimation methods can be applied independently for each organization.
- Warehouse Accounting
Warehouse accounting can be quantitative or quantitative and amount accounting. In the first case, one can see balances in warehouses only in quantitative terms, and the valuation of the items and materials for accounting and tax purposes does not depend on the warehouse location from which they are received. Quantitative and amount accounting estimates cost of goods and materials for accounting and tax accounting purposes for each warehouse separately – each location will have its own average. Warehouse accounting feature can be disabled, if it is not needed.
The program can reflect the inventory results that are automatically verified against the accounting data. The inventory reflects surpluses and written-off shortfalls.
- Accounting of trade transactions
Accounting of delivery and sale of goods and services is automated. When goods are sold, invoices, overhead expenses and VAT receipts are issued. All wholesale trade transactions are accounted against contracts with buyers and suppliers. For imported goods, the country of origin and the customs declaration number are recorded.
The configuration supports use of several price types, for example: Wholesale, small-scale, retail, procurement and so on. This makes it easier to reflect delivery and sales operations. There is option for accounting by item number.
- Banking and cash transactions accounting
Cash and non-cash flow and currency transactions accounting is supported. One can input and print payment orders and requests, receipts and disbursement cash orders. Cash documents accounting is supported.
Template-based cash book is generated based on cash documents.
Automated transactions include settlements with suppliers, buyers and accountable persons, cash transfers on settlement accounts and cash receipts, purchase and sale of foreign currency. When payment amounts are reflected, they are automatically split into advance and remaining payments.
Official exchange rates are automatically uploaded from the central bank of the Republic of Azerbaijan.
- Accounting of settlements with counterparts
Analytical accounting of counterparts, contracts, settlements documents is done for settlement accounts of counterparts. Advance payments for both the contract at large and the specific offset document are automatically recorded. Contract arrear payment method can be specified in the payment documents. Accounting method of advance payments is specified in delivery and sales documents.
Accounting of settlements with suppliers and buyers can be done in AZN and foreign currency. Exchange rate differences for each transaction are calculated automatically.
- Accounting of fixed assets and intangibles
Basic accounting operations are automated: Receipt, recording, depreciation, modernization, write-off, inventory.
- Accounting of basic and auxiliary production
Cost of products and services made in the basic and auxiliary production is calculated automatically. During the month, the inventory of released finished goods is maintained at the planned cost. Actual cost of products and services rendered is calculated at the end of the month.
- VAT accounting
Automated calculation and generation of accounting entries for invoiced and presented VAT. Different VAT rates are available and the VAT invoices are accounted.
- Salaries accounting
Full-scale accounting of salaries is automated. Recruitment, transfer, dismissal, leave of employees are available.
Automatic calculation of salaries takes into account basic salary, work schedule (including individual schedule), regular and lump-sum allocations, regular and lump-sum deductions, vacation (including different types of leave), and sick leave.
Based on the accrued salary, payments can be made through a bank or a cash desk. Each employee’s personal accounts are supported.
- Closing monthly operations
Automated regular month-end operations including re-evaluation of currency, write-off of deferrals, determination of financial outcomes and others. The month closing assistant allows defining the required regular month-end operations and implementing them in correct sequence. Additional validation checks are performed during the regular operation and, in case of error, detailed error messages pop up specifying document or settings that need modification to resolve the problem.
- Standard reports
Configuration provides the user with a set of standard reports that allow analyzing data for balances, circulation of funds on accounts and accounting entries in different aspects. Reports can be generated with setting grouping, filtering and sorting the reported data based on the specifics of the organization and functions of the user.