Depending on the settings, the system automatically generates tax invoices on the basis of the “first event” or on a cash basis. Also, both accounting posting schemes for transactions with suppliers are provided, depending on whether the organization uses an advance payment account in its chart of accounts. Automatic invoice-to-payment matching is supported – you don’t have to manually define the invoice when parsing a bank statement.
To work with clients, localization offers the functionality of registering and exporting created tax invoices and adjustments to a single register. Also, a tax invoice can be created for a partial amount, taking into account the previously made prepayment.
Localization supports all directories necessary for VAT accounting, including a directory of reason codes. You can generate tax invoices for all possible transactions, including non-economic activities, purchase of services from non-residents, sales below cost, write-off of goods or fixed assets.
For each client or supplier, you can create an unlimited number of contracts, each of which can have a unique number and date of the contract, terms of delivery and payment, payment details, financial analytics. As part of the contract, automatic matching of invoices and payments can be configured. Also, in reporting on counterparties, you can see information not only in the context of the counterparty, but also in the context of its contracts.