ARBES FEIS Areas Covered as Standar

Accounting Agenda

• Kept in two optional accounting areas using two different accounting methodologies with a different level of interconnection
• Entry in foreign currencies, including the automatic calculation of exchange rate gains and losses both realized and non-realized
• Online overviews of account balances, turnovers and related changes as well as of income from operations (using the drill-down method)
• Record keeping of accruals
• VAT management; independent of the accounting
• User definition and archiving of accounting reports and VAT tax returns
• Allows for the creation of consolidated reports of accounting entities

 Purchases and Sales Ledger Balance

• Well-arranged records within document series
• Management of purchase and sales ledger balance documents (invoices and advance and balance credit notes, contract installments, summary documents and payment schedules)
• Record-keeping and the generation of payments, payment orders, advance payment deductions, offsets, collection letters and penalizations
• Depreciation and adjustments for payables

Cash Operations

• Communication with banks in the form of manual inputs, “paper“ inputs and electronic data transfer
• Cash in hand record-keeping in various currencies
• Import of exchange rate lists
• Multi-level management of the payment order agenda
• Automatic and manual matching of bank statements and cash vouchers

Exchange Rate Gains and Losses

• Automatic and manual generation of realized and non-realized exchange rate G/L including their entry

Tangible and Intangible Assets

• Record-keeping and processing of long-term and short-term assets including gradual acquisition and subsequent capitalization using an optional number of price areas with the possibility of entry
• Record-keeping of price movements and depreciation schedules providing for own calculation formula definitions
• Interconnection with ledgers and stock records

Plan and Control

• Creation and record-keeping of plans in the form of a basic plan or a budget and its alternatives or changes; record-keeping and setting limit values for any combination of analytical attributes
• Summary accounting and tax reports
• Drill-down overviews of individual agendas with various functionality
• User tool for creating own overviews in the table or graph format

Purchase, Sale, Storage and Production

• Record-keeping of business transactions
• Agendas of orders and their fulfillment, stock statuses and changes, stock locations, production batches and expiry dates and stocktaking
• An arbitrary number of warehouses and optional stock appreciation methods
• Supporting work with supplier and sale price lists and various types of discounts
• Automatic entry of documents