And Also Our SAP

And also, "our SAP"...

For every company, alongside the technological capabilities of the ERP system, ensuring compliance with local accounting regulations is a crucial issue. In this regard, SAP has a significant advantage, as it includes a range of adaptations for Ukraine that ensure compliance with Ukrainian financial and tax accounting regulations. In ERP terminology, these adaptations to local legislation are called localization.

The key functions of SAP's Ukrainian localization include:

Accounting according to National Accounting Standards (NAS):
● Compliance with Ukrainian accounting standards.● Support for parallel accounting under International Financial Reporting Standards (IFRS).
Tax Accounting and VAT:
● Automated VAT accounting and registration of tax invoices.● Generation and printing of tax invoices, as well as XML-format exchange.● Preparation of VAT returns Declaration with all required annexes.
Financial Reporting for Government Authorities:
● Generation of mandatory reports: Balance Sheet, Profit and Loss Statement, Cash Flow Statement, Statement of Changes in Equity, etc.
Chart of Accounts:
● Adaptation to Ukrainian standards, facilitating the integration of local financial data.
Foreign Exchange Differences Accounting:
● Automatic calculation of exchange rate differences in compliance with legal requirements.
Support for Electronic Document Management:
● Integration with Ukrainian systems to streamline reporting submission and document exchange.
Fixed Assets Accounting:
● Depreciation, asset classification, currency revaluation, and support for standard printed forms (OZ-1, OZ-2, etc.).
Business Partner Data Management:
● Monitoring tax status, residency, and automation of tax accruals.
Cash Transactions:
● Cash book maintenance, cash limit control, and automation of advances and expense reports.
Tax Reporting:
● Support for corporate income tax, VAT, and controlled transactions (transfer pricing) reporting.
Standard Printed Forms:
● Acts, invoices, payment orders, accounting statements, and other forms compliant with Ukrainian standards.