As businesses expand globally, accounting and tax compliance become increasingly complex. This is especially true in Ukraine, where the government imposes a variety of regulations that can be difficult to navigate. Fortunately, Innoware developed a special module for Microsoft Dynamics ERP which delivers bookkeeping and tax accounting according to the Ukrainian legislation.
By leveraging the features of Microsoft Dynamics ERP and the Innoware Microsoft Dynamics localization module, businesses can manage their finances with ease and focus on growth.
Tax accounting and bookkeeping in an international ERP-system
Integrated system for business management
Consistent with the Ukrainian legislation
Integrated with state certified e-reporting systems for local tax reporting
User actions tracking ("audit trail")
Updated when legislation changes
Microsoft Dynamics Platform
Cloud enabled
Functionality
The chart of accounts and dimensions
Ability to set up an unlimited number of sub-accounts and analytical dimensions.
Non-current assets
Maintains bookkeeping, tax and managerial accounting of non-current assets in the same system. Printing forms and reports according to the legislation.
Payables and receivables
Accounting of payables and receivables for local and foreign contractors, calculation and accounting of difference in rates of currencies exchange. Posting of Customs Declarations for foreign trade operations.
Cash
Accounting of cash and bank payments, purchase and sale of currency, payments schedule/payments calendar. Supported integration with banking software.
Tax accounting
VAT calculation and posting in accordance with "first event" legislative requirement, VAT Invoices and Corrective VAT Invoices generation. Supported integration with certified e-reporting systems for local tax reporting.
Reporting
Set-up Financial Statements according to meet local accounting requirements.
The system has a large amount of additional modules that support specifics of different industries.
Select business processes which system should cover