Accounting and Tax

In 1C:ERP an enterprise is described as an organizational structure consisting of companies and departments. Each company’s profile contains necessary data from constitutional documents and information about its valid accounting policy determining taxation parameters and cost evaluation.

Intercompany Sales

Enterprises represented by several legal entities can use functionality allowing to sell goods belonging to another company.

The intercompany sale feature records the processes:

  • Sales of goods from other companies;
  • Intercompany transfer of goods;
  • Intercompany return;
  • Company remaining goods control;
  • Registration of intercompany operations via intermediary (indirect settlements).

One can diagnose detailed balance by company goods using real-time reports or on month-end closing.

Accounting of Fixed Assets and Construction Objects

In 1C:ERP, the special Facilities list specifies all inventory units that can be used to monitor their operation.

The solution supports the full life cycle of equipment:

  • Purchase;
  • Installation and commissioning;
  • Operation (including repair);
  • Amendment;
  • Partial and total liquidation (sale).

1C: ERP supports rented and leased fixed assets, including those recorded on the lessee balance sheet or on off-balance sheet accounts. In the solution, one can generate lease agreements and customise GL account settings for obligations, security payments, repurchase and lease payments.

The Lease agreement Registry report helps control lease obligations.

Intangible Assets

The solution supports the full life cycle of intangible assets objects:

  • Purchase / creation;
  • Operation;
  • Full and partial write-off;
  • Outflow (sale).

Value Added Tax

The VAT accounting reflects business activity recorded based on:

  • Tax invoices provided by counterparties;
  • Tax invoices generated by the company;
  • Accounting detailed calculations.

To reconcile VAT accounting data with counterparties, you can use the Issued tax invoice registry report that can be sent to a customer by e-mail or received from a vendor.

Other Taxes and Charges

The solution provides parallel accounting and tax accounting in compliance with the principles:

  • Accounting and tax accounting are kept independently;
  • Comparability of accounting and tax accounting data is provided;
  • Amount and quantitative indicators are equal if there is no objective reason for discrepancy.

Accounting data is recorded in tax ledgers. The result of corporate profit tax calculation is confirmed by detailed calculations and used when filling in the corporate profit tax declaration.