Automating of the Accounting (ERP)

Form over Substance in Ukrainian accounting

Since Ukrainian accounting is mainly influenced by tax regulations, it is highly formalistic. This contributes to the fact, fact that no reliable conclusions concerning the economic status of the company can be drawn on basis of usual accounting documents.

Accounting Software 1C

The company 1C offers an accounting software, which also includes Ukrainian tax regulations. Thereby the company holds a quasi-monopoly. However, in its standard version the program is not well-suited for financial analysis.

In order to extract a useful business analysis from accounting, the software needs to be adapted and the adaptation needs to be automatic.

Our IT-business analysts can offer several solutions:

• Adaptations of the Ukrainian software 1C to give you the possibility to extract your required business reports. We can create parallel account structures and connect them automatically, so that besides the pre-defined Ukrainian structure you can also use another one, for company’s internal use. In the company’s internal accounts structure corrective booking may be done in order to obtain an accounting report following Western standards.
• Another parallel approach is to create the interfaces between the program 1C and other programs within some ERP-system.

We will be delighted to provide you with advice on an individual solution for your company.

Office in Kiev