BIT: Management accounting 8

"BIT: Management accounting" — the business application for complex control automation by corporate finances.

For holding structures of medium and large business, any activities and patterns of ownership, including geographically distributed structures; and also for the public companies, subholdings of the public companies, the companies with the foreign capital.

In addition to all opportunities of the version "BIT: Treasury and budgeting PROF" in "BIT: Management accounting" the setup subsystem at the user level of any models of financial accounting on the basis of mechanisms of broadcasting, independent economic transactions, universal settings of distribution and closing of accounts, interactive multidimensional accounting reports is implemented. It allows to conduct all types of accounting in one system making a start from some primary documents. In a system the accounting model according to IFRS is implemented. Also any model of accounting constructed on the principle of double record can be implemented.

Compatibility

• 1C: Accounting 8;
• 1C: Integrated Automation 8;
• 1C: Manufacturing Enterprise Management 8.

Advantages

• "BIT: Management accounting 8" consolidates in itself all necessary functionality which is necessary for business management of holding structures of medium and large business, any activities and patterns of ownership, including geographically distributed structures;
• A system is optimal in case management accounting is based on the MSFO, US/UK GAAP standards or own accounting standards, in situations when accounting data unambiguously insufficiently for formation of reliable managerial indicators;
• The solution allows to systematize process of preparation of agreements, to include in a common information space legal and control services, to use data on agreements at further planning and accounting; Allows to perform reporting for the analysis and acceptance of management decisions for all categories of users.

In BIT .FINANS: Management accounting 8 the following subsystems are in addition included:

• 1. Subsystem "Broadcast of data". This functionality allows using rules of a meping, to broadcast data from any accounting, in any accounting. For example, RAS in IFRS, RAS in UU, MSFO in UU, etc. At the same time rules of broadcasting, data source and a data sink can be any – postings, records of registers, details of documents.
• 2. Subsystem "Mechanism of economic transactions". This mechanism allows to set in a user mode algorithms and rules of carrying out primary documents by any charts of accounts and registers.
• 3. Universal mechanisms of closing of accounts and formation of any reports allow to keep in the solution full management accounting on models of any level of complexity.

The program solves problems

• Accounting within one system according to all necessary standards – RAS, NU, MSFO, US/UK GAAP, internal standards, based on one array of primary documentation;
• Creation of the NSI uniform base, including partners, agreements, articles, the CFD, projects, etc.;
• Multiscenario planning of budgets in necessary analytical cuts by methods "from top to down" and "from below up", "from the purposes" and "from reached", etc.;
• Implementation of the procedure of the sliding planning with regular budget update and expansion of planning horizons;
• Automation of work of treasury with ensuring operating control of execution of BDDS and multistage approval of payments;
• Automation of data acquisition of management accounting for an income and expense budget and the budget for balance from any accounting subsystem – RAS, MSFO, US/UK GAAP, internal standards;
• Obtaining the plan-fact reporting under all types of budgets online with a possibility of receiving all necessary interpretations;
• Obtaining the consolidated statements according to any standards;
• Receiving up-to-date financial information by company management in an evident graphic view with use of external dashbord.

• Support of the program is performed in the presence of the agreement of ITS.
• Delivery
• User guide, CD distribution kit, user license agreement.