Financial Accounting represents the central module within the PORTOLAN cost accounting suite of applications. It consists of the primary components General Ledger Accounts, Accounts Receivable, and Accounts Payable. The application’s overall design allows depicting business processes in such a way that different accounting principles can be met in parallel. The idea of the Basel II regulations is that companies have to prepare their financial statements in conformity with both national (e.g. HGB) and international accounting principles (IAS/IFRS).
FIA has been certified by a renowned international auditing company. This certification confirms that FIA provides all functions that are required to meet the Principles of Accounting (POA).
In order to fulfill the principles of adequacy, the responsible accounting department has to carry out additional application dependent and independent measures as well as internal controls.
FIA supports these tasks by providing extensive help and control tools:
The most significant features of FIA are as follows:
Country versions for Germany, Austria, Switzerland, France, Spain, Italy, Hungary, Slovakia, the Czech Republic, Chile, Peru, Ecuador, Venezuela, Mexico, Croatia, Norway, Slovenia, China. Contact us for the availability of other country versions.
You require an application that allows you to perform your daily tasks easily and quick. To ensure this, FIA provides a number of automated services for postings:
up to ledger account/costing object level)
General Ledger Accounts
General ledger accounting is the basis for external accounting. The list below gives an overview of the most important functions:
Accounts Receivable Accounts receivable accounting has been consistently linked to the General ledger. The list below gives an overview of the most important functions:
Accounts payable accounting has been consistently linked to the General ledger. The list below gives an overview of the most important functions:
FNR Financial Reporting provides a powerful reporting tool with integrated report generator that allows you to create management analyses and key figures, such as balance sheets, profit and loss statements, and cash-flow statements.
Financial statements according to HGB, IAS/IFRS, and US-GAAP can be generated in parallel. The reporting data are taken from the period-end revenues of the stored fiscal years in Financial Accounting, as well as the cost accounting data and planning values, if available. PORTOLAN’s well-known top-down technology allows you to trace the reporting data down to the voucher level. Automatic transfer of all data into spread sheets (e.g. MS Excel) is provided, too.