BARS Cloud (Borlas Accounting Reporting System)

BARS Cloud is the "cloud" application for formation of accounting and tax statements based on Borlas Accounting Reporting System (BARS).

2018: Announcement

On November 26, 2018 the Borlas company announced creation of the "cloud" BARS Cloud application for formation of accounting and tax statements based on Borlas Accounting Reporting System (BARS).

According to the company, BARS Cloud is the designer of different types of the reporting on the basis of booking and managerial data with analytics from subsystems and a packet of ready reports located on the protected remote cloud server. The cloud solution for the reporting from Borlas has all functions of the usual accounting platform: here it is possible to create documents, to prepare all types of the reporting and a message account correspondence. Moreover, the BARS Cloud interface like a financial auto pilot if necessary will prompt when to prepare the necessary internal reporting or the declaration.

The mobility and speed of changes during our digital era becomes that valuable advantage which has a considerable impact on success and financial wellbeing of the company. Therefore essentially important such key organizational tasks as accounting and tax statements "pack" into reliable and modern IT solutions. Rasil Tukhbatov, deputy CEO of Borlas LLC

Key features of BARS Cloud:

• The effective mechanism of data exchange with ERP systems (in particular, Oracle ERP Cloud)
• Turnover sheets and magazines orders with corresponding accounts (according to methodical instructions the MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION)
• Technical accounts
• Exception of the reporting of turnovers on standard transit/subsidiary accounts
• Correct turnovers on debit and the credit of accounts
• Flexible configuration of "red reversal"
• Dependent on the accounting account of the analyst (sub-account)
• An opportunity to create managerial reports and forms
• A set of the ready and approved reports (for November, 2018 more than 100)
• The complete solution on income tax
• Ready statutory financial statements and tax declarations
• Subscription to updates of the regulated reporting

Technical features:

• Reliable technology
• The instrument of incremental replication Oracle ERP Cloud in BARS Cloud
• The return interface from BARS Cloud in Oracle ERP Cloud
• Integration of BARS Cloud and Oracle BI Cloud