com.TRADENET extra „Accounting competence & IFRS“ – Mapping complex accounting processes.
Accounting competence & IFRS
As an established source system for financial accounting systems, com.TRADENET allows you to create periodic postings of costs and revenues.
Complex procedures such as accrual and provision postings as well as their use and dissolution are also depicted.
By using the year-to-date procedure, com.TRADENET achieves the greatest possible accuracy in determining accrual and provision values. Referenced document chains provide a quick and comprehensive overview of all postings made. The software supports the automated, batch-based transfer of accounting vouchers. This significantly minimizes the data management efforts and creates data parity between the department and accounting.
IFRS 16 with com.TRADENET
Accounting based on an international standard.
Companies that follow an international accounting standard have the option of managing IFRS16-relevant data and transferring these to accounting via an interface with com.TRADENET.
Balance sheets in accordance with the international reporting standard IFRS (International Financial Reporting Standard) are depicted in line with the globally valid financial reporting regulations for capital market companies in order to map leasing liabilities, e.g., for rental contracts, and generate cyclic receipts for posting interest and repayment.
The advantages for your lease accounting according to IFRS 16 with com.TRADENET:
- Provision of IFRS16-compliant financial information
- Active management of lease contracts, incl. evaluations, such as asset history sheets and liabilities
- Automated adjustments of the annuity value due to changes to the contract
- Direct access to relevant contract data and evaluations
- Unified recording, management, and monitoring of lease contracts
- Generation of monthly IFRS postings based on the latest data, with optional transfer to a financial accounting system
- Creation of automatic forecasts
- Automated calculations for posting overviews
- Automated evaluation of appendices to the annual statement, e.g., regarding maturity analyses or variable lease payments
Other com.TRADENET extras
As a com.TRADENET user, you benefit from lots of extras for more functionality and efficiency.
Analyses
By making comparisons with the past and simulating future developments, you can minimize your annual planning and analysis workloads considerably.
Evaluations
Thanks to standardized reporting, you can deliver recurring evaluations that contain the same form and content, such as deadline lists, expansion exposés, or rental contract data sheets.
Management & controlling
Overarching tasks call for quick and smooth procedures (e.g., document approvals). This often doesn’t require a full license for the respective specialist area.
Interfaces
As an integrated corporate real estate management (CREM) software solution, com.TRADENET already contains many core functions as a standard. On top of this, we offer comprehensive integration possibilities.
Document management
To ensure a consistent and error-free data exchange, com.TRADENET can be integrated into your existing IT structures thanks to the digital process for receiving documents.
Steffen Teufel – your contact for com.TRADENET
Do you have questions on the packages/extras, or would you like to know more about the varied range of applications of com.TRADENET? Then arrange an appointment now.