United Elements Group Automates Accounting with 1C Solutions

2022: Accounting Automation

On June 21, 2022, 1C-Rarus announced the automation of accounting, the formation and delivery of IFRS reporting in the United Elements Group holding through the implementation of 1C: Enterprise Accounting and 1C-Rarus: Financial Management. Mechanisms for exchange between solutions and current customer configurations have been developed, which made it possible to implement the project, taking into account the peculiarity of customer accounting.

United Elements Group is a major distributor of climate equipment in Russia, which includes several enterprises engaged in design, procurement, installation and maintenance of split systems. Prior to the project, operational accounting in the customer's company was carried out in 1C: Integrated automation 1.1. From the operational circuit, data were sent to the base of regulated accounting 1C: Integrated automation 1.0. Due to the removal of current 1C solutions from support, the holding's employees had to submit reports through third-party online services. IFRS reporting and reporting were also performed in a third-party configuration. Such a scheme of work made it difficult to form and submit reports, analyze activities and make management decisions. There was a need for a software product for maintaining full-fledged regulated accounting. With this task, the holding's employees turned to 1C-Rarus. Upon completion of the survey of business processes, it was decided to leave the maintenance of the operational circuit in 1C: Integrated automation 1.1. Integration mechanisms have been developed by 1C-Rarus experts for correct data exchange between the operational accounting base and the solutions "1C: Enterprise Accounting" and "1C-Rarus: Financial Management." As a result of the project, it was possible to automate the regulated circuit, taking into account the individual requirements of United Elements Group employees:

• The exact exchange of documents and figures between 1C: Integrated automation 1.1 and 1C: Enterprise Accounting and 1C-Rarus: Financial management is arranged.
• Due to improvements and changes in the rounding mechanism, it was possible to achieve the transfer of data on product batches by series and characteristics. These parameters were not taken into account in the basic configuration "1C: Enterprise Accounting."
• A special management register of cost accounting for additional analysts that are not in the standard solution has been implemented. Ledger entries are generated according to different conditions for most business transactions.
• Holding carries out purchases of imported equipment, which passes customs. In basic 1C: Enterprise Accounting recorded the total cost of production. The mechanisms for broadcasting information from 1C: Enterprise Accounting to 1C-Rarus: Financial management for correct breakdown of amounts, taking into account the cost of goods and additional costs for transportation, broker and customs, have been improved.
• In 1C: The accounting department of the payment enterprise was reflected in the sales of goods, and in the IFSO block it was required to see payments for orders. As a result of improvements in IFRS accounts, accounting for payments for customer orders was implemented.

Holding United Elements Group thanks 1C-Rarus for the next automation project. The contractor's team promptly and in a short time carried out work on the implementation of updated solutions and the development of exchanges. The transition itself took place in a rather comfortable mode and without restrictions for the main activity. At the same time, all our requirements, including the IFRS area, are taken into account. commented on Komarova Valeria, CFO.

Correct formation of regulated reporting is ensured. As a result of the project, employees of the company's financial departments work in a single information space and do not use third-party applications and services for submitting reports. An important factor is that all project deadlines were met and there were no serious errors in the transfer or exchange of data, said Orsha Victoria, Chief accountant.

The full translation of transactions under RAS into IFRS is set up, taking into account all the analysts we need and the difficult conditions for the transformation of accounting accounts. The process of translation of transactions itself began to be carried out several times faster, which reduced the time for the formation of final reports, noted Ter-Nersesyants Karina, Head of Financial and Economic Department.