Version 2008 - ABAS Software AG

3.12. Financial accounting
Financial accounting encompasses the complete financial accounting
management of all financial transactions. Because the financial
accounting is a fully integrated abas ERP function, it is based on master
files as well as data in purchasing, sales, etc.
Financial accounting is an integral part of abas ERP, i.e. financial
accounting is not provided via attached interfaces but directly from the
processing of individual business transactions. In this way the generation
and posting of an outgoing invoice in sales is simultaneously connected
to the posting of data in financial accounting. The integration has the
advantage that the outgoing document can be accessed from the
financial accounting using a "drill-down" function.
Financial accounting provides a clear overview of all financial
transactions. This means, for example, that data from several fiscal years
can be accessed. You can use shifted and short fiscal years. Due to the
keeping of past transaction figures, monthly comparisons with past values
can also be made easily. Working with planned and actual figures using
any time period is useful for making planned and actual comparisons
over several years. Plausibility and completeness checks for P&L and
financial statements are incorporated in abas ERP, as is the ability to
automatically enter account statements.
3.12.1. Chart of accounts
A company specific chart of accounts can be set up in abas ERP. In the
case of a new installation the user receives the financial accounting with
a standard chart of accounts which is closely related to DATEV SKR 04 –
especially suitable for partnerships and incorporated companies. All
evaluations are in accordance with this chart of accounts. If one decides
to use this standard chart of accounts, the financial accounting can be
opened immediately. Individual adjustments to the standard charts of
accounts are, of course, possible.
The accounts can be structured hierarchically by means of the
summarization accounts. The accounts can be flexibly grouped via the
account ranges.
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