Profit-W

Financial process management, inventory accounting

Updated on 2020-11-12 Back

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Functionality

All financial processes in a single system

Financial process accounting
  • General ledger
  • Foreign exchange operations
  • Accounting by Cost Centres
  • Accounting of payables/receivables
  • Accounting of bank and cash operations
  • Cash flow management
  • Payment orders
  • Accounting of accountable persons, advance reconciliation
  • Financial statements
  • Integration with the STI system
  • Main reports
Accounting of non-current assets
  • Accounting of movement
  • Accounting of repairs
  • Accounting of depreciation
  • Segmentation, separation of quantity
  • Inventory accounting
  • Accounting of appreciation/depreciation of value
  • Main reports
Accounting of tangible assets
  • Accounting of movement of current, low-value assets
  • Quantitative off-balance sheet accounting of inventory
  • Sales management, prepayments
  • Accounting by cost centres - dimensions
  • Purchase, sales contracts
  • Asset inventory
Production process accounting
  • Formation of production calculation cards
  • Calculation of estimated and actual cost of products
  • Automatic write-off of raw materials
  • Material liability management
  • Raw material shortage analysis
  • Distribution of direct and indirect production costs
Transport and fuel accounting
  • Formation of routes and travel documents
  • Description of vehicle fuel standards
  • Automatic fuel write-off
  • Vehicle inspection and insurance monitoring
  • Tire performance monitoring
Subscriber accounting
  • Generation of charges for provided services
  • Import of payments and declared readings
  • Import of compensations
  • Formation of payment notifications and VAT invoices
  • Accounting of meters
  • Accounting of heat, water, utilities
Accounting of contracts
  • Registration of contracts
  • Contract performance control
  • Main reports

System benefits

Profit-W system fully complies with the requirements of Public Sector Accounting and Financial Reporting Standards. Financial and business/activity accounting is performed in accordance with the Business Accounting Standards

Advantages of Profit-W
  • A unified business management system and automation of the entire accounting cycle
  • Easily adaptable to the specific needs of companies
  • Implemented integration with other IT systems
  • Possibility to create reports independently
  • Complies with all the laws and legal acts of the Republic of Lithuania regulating this field
Benefits of Profit-W

The system automates processes related to finances, tangible assets, non-current assets, budget, production, transport, subscribers, contracts, orders, etc.

Technical requirements

Hardware requirements depend on the scope of work with the accounting system, the number of jobs in the network, as well as the number of documents. That is why hardware requirements may differ in some cases.

Server

System software

Microsoft Windows Server 2012, 2016, 2019

Sybase Adaptive Server Anywhere 12.0.1*,

OpenOffice 3.2.x or newer version

Data protection

Regular database backup

Processor

4 Core, 3GHz and higher,

Memory

16 GB of random access memory (RAM), SSD disk

Workstation (local area network)

System software

Microsoft Windows 8, 8.1, 10, Sybase

Adaptive Anywhere Client 12.0.1*, system browser with the latest updates installed

Processor

Processor i5-5xxx or faster

Memory

4 GB of random access memory (RAM)

Terminal client workstation

System software

Microsoft Windows 8, 8.1, 10, system browser with the latest updates installed

Processor

Processor i5-5xxx or faster

Memory

4 GB of random access memory (RAM)

Network

Min. internet speed

1 Gbps

Protocol

TCP/IP

Recommended requirements for internet connection when working with terminal architecture

The client workstation of the terminal server should have an internet connection of 128 Kbps, the terminal server – 128 Kbps multiplied by the number of client workstations working with the terminal server at the same time. The client workstation of the terminal server must have terminal server connection licenses. The company's external IP address must be fixed.

NOTE: Technical requirements for servers and workstations apply only when using our specified operating system and software, i.e. without overloading the server and workstation with other software not specified by us. To export reports in xls or xlsx format, it is necessary to use Microsoft Office Excel (MS Office 2010, MS Office 2013, MS Office 2016, MS Office365). To export reports in doc or docx format, it is necessary to use Microsoft Office Word (MS Office 2010, MS Office 2013, MS Office 2016, MS Office365).

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