General Accounting Management
Journal vouchers, chart of accounts, inventory valuation, inflation accounting and accruals.
Solution by business need
Accounting and tax processes
The General Accounting and Tax Management modules are included in all packages. In ERP packages, accounting and tax are offered in the classic management model; in ABM packages, in the autonomous management model. The KKEG, SGK, valuation and cancellation modules complete this process.
Who it is for: Accounting managers, financial advisors and finance teams
From challenge to solution
Typical challenges and the modules and features Factorbooks uses to address them.
Challenge
Period-end accrual and allocation entries take a long time.
Factorbooks approach
Accruals of income/expenses for future months, expense distribution and allocation entries are part of General Accounting.
Benefit
Period-end steps are carried out in the same module.
Challenge
Tax returns are prepared with the same manual steps every period.
Factorbooks approach
VAT, SCT (ÖTV), withholding and premium service, corporate and provisional tax returns in Tax Management; in ABM, with the autonomous tax management model.
Benefit
The tax return process runs on the same platform as the accounting records.
Challenge
Exchange rate valuation and inflation accounting are done in separate spreadsheets.
Factorbooks approach
Exchange rate, asset and securities valuation and inflation accounting are included in all packages.
Benefit
Valuation entries stay connected to the accounting records.
Featured capabilities
- Inflation AccountingGeneral Accounting Management · Included in all packages
- Perpetual Inventory SystemGeneral Accounting Management · Included in all packages
- VAT Return (KDV-1)Tax Management · Included in all packages
- Digital Tax OfficeTax Management · Included in all packages
- Tax OptimizationTax Management · Included in all packages
- Exchange Rate ValuationValuation Management · Included in all packages
Process chain
Period end and tax
Period-end steps from accounting entries to valuation and accruals, and from tax returns to e-Ledger and financial reports.
- Accounting entriesGeneral Accounting Management
- Journal Voucher Management
- Prepaid Expense Accruals
- ValuationValuation Management
- Exchange Rate Valuation
- Securities Valuation
- Tax returnTax Management
- VAT Return (KDV-1)
- Corporate Provisional Tax Return
- e-LedgerDigital Transformation Management
- e-Ledger
- ReportingBusiness Intelligence (BI) Reporting
- Financial Reports
- Fiscal Reports
Related modules
Tax Management
VAT, special consumption tax, withholding and premium service, corporate and provisional tax returns.
KKEG Management
KKEG transactions and the KKEG report.
SGK Management
SGK premium payments and BES payments.
Valuation Management
Exchange rate valuation, asset revaluation and securities valuation.
Cancellation Management
Cancellation transactions list and cancellation reports.
Other solutions
Financial visibility and cash flow
Bring bank, cash, current accounts, loans and cheques/promissory notes together in one place; see your forecast cash flow in advance.
Sales and customer processes
Connect the sales process from lead to quotation, and from order to invoice and shipment.
Purchasing and procurement processes
Keep purchasing under control from purchase request to quotation evaluation, and from order to goods receipt.
See Factorbooks with your own processes
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.