Offsetting Account Determination
The law requires you to break down all accounting documents so that each debit posting is matched to exactly one credit posting, and vice versa. For example, when you record a vendor invoice in the system, there is only one credit item for two debit items:
Vendor Invoice
According to Russian law, you are required to break down the debit item to create pairs of debits and credits:
Vendor Invoice as Per Russian Law
In the system, accounts clerks post all accounting documents as normal, and determine the offsetting accounts later on. The system offers functions that automate this procedure.
However, the above example is fairly simple, since you only divide one credit between two debits. The system also processes complex accounting documents that contain multiple debits and multiple credits, but you have to check them manually afterwards.
Features
Business Transactions
Accounts clerks post all accounting documents following the standard procedures. In order to process the documents so that they meet Russian legal requirements, however, you run the Automatic Offsetting Account Determination program at regular intervals (for example, every night). This processes most of the accounting documents. You process the rest manually (see Determining Offsetting Accounts Manually).
Process all documents before you close a fiscal period.
Note
As well as the programs described here, the system offers another program for determining offsetting accounts (see RFHABU10). However, we recommend that new customers use the solution described here, not RFHABU10.
The system stores the information from the processed documents in tables separate to the standard accounting document tables.
Reports
To help you control and check which documents you have processed, the system provides a number of reports.
Statutory Reports
You can use the system to prepare copies of the General Ledger Report, as required by law.