The chart of accounts is the backbone around which all your fiscal information is organized. In the Netsis general ledger system you can constitute a fully comprehensive and controlled chart of accounts. You can define the number of levels in your chart of accounts, the number of digits in each of the levels, and prevent that any other account codes get created contrary to this standard. You can further define in the chart of accounts that these accounts are to be processed only in source processes, record foreign currency and quantity related definitions, their debit/credit indicators, and audit the information in specified details.

You can free yourself of the strenuous efforts to prepare and print the general ledger, the journal book, VAT statement and the financial tables that are legally required. The Netsis general ledger module will prepare and print these documents in a very short time in the legally correct way. With the ability to list the financial tables comparatively by periods you will furthermore have actual command of the current fiscal situation, and automatically create all of the period-end reflection, closing, opening vouchers.

The General Ledger Module features a flexible design with the purpose of enabling sectoral adjustments. The abilities to run periodic accounting by indicating a different fiscal year start date, optional foreign exchange and quantitative accounting, monitoring the cost centers in the chart of accounts or in the journal on reference codes, the ability to run a project-based system are only few of the system’s abilities you might want to exploit.

The system supports the applications of inflationary accounting or foreign currency accounting at IAS 29 (International Accounting Standards 29), FAS 52 (Financial Accounting System 52) standards.These characteristics of the system enable the automatic evaluation of adjustment profits and losses and net monetary profits and losses. While records in foreign currencies is possible in all of the operations of accounting and journal vouchers, foreign exchange or inflationary adjustments according to the behavior of monetary and non-monetary accounts, automatic calculation of exchange differences, reporting at IFRS standards are also possible.