Financial Accounting (FI) 

Purpose

The Financial Accounting (FI) component covers the most important laws and business practices specific to Poland. The following documentation describes these aspects of the component.

Features

The Financial Accounting component (FI) contains a number of features that allow you to carry out day-to-day activities following Polish requirements.

For example, it automatically calculates VAT (value-added tax) at the local rates; and in the cash journal, you can print out receipts for cash disbursements and cash receipts in the approved format. In conjunction with add-on programs, you can also make payments by generating electronic files in a range of formats supported by different banks.

At month-end, you can calculate depreciation on assets using Polish depreciation methods. You can also prepare a copy of the VAT register for submission to the tax authorities.

At year-end, you can prepare general purpose financial statements and other statutory reports (lists of postings to the general ledger and subsidiary ledgers) in the approved format.