Accounting

Today parallel bookkeeping according to different accounting systems is standard practice

The Accounting Rules Engine, a component of FlexFinance, supports the audit-compliant preparation of end-of-period statements based on multi-GAAP (for Local GAAP, US GAAP, IFRS). Continuous processing of business transactions, business events and credit/debit entries guarantees maximum traceability while considerably simplifying reconciliation work for balance sheet compilation.

One central Accounting Rules Engine for all accounting standards

The Accounting Rules Engine enables parallel entries to be posted in any number of national and international accounting systems (Local GAAP, US GAAP, IFRS). Business-event-driven financial accounting on an individual transaction level is ensured. A separate set of accounting entries is triggered for each accounting event in each accounting system.

• Business event-driven, double-entry financial accounting provides effective audit compliance.
• Support of full independent parallel accounting as well as adjustment accounting.
• Ready-to-go Business Templates with legally compliant pre-formatted accounting logic.