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How is the connection between operational and regulatory accounting organized in ERP?
sobes.tech AI
Answer from AI
In ERP systems, operational and regulatory accounting are linked through integrated processes and common directories. Operational accounting is responsible for current business operations — for example, movement of goods, production, sales. Regulatory accounting is accounting and tax accounting, which is formed based on operational data but taking into account legislative requirements.
The connection is ensured by:
- Automatic transfer of data from operational modules to accounting registers.
- Using a unified database and directories, which eliminates duplication and errors.
- Settings of conversion and data processing rules for reporting.
Thus, operational accounting ensures the relevance and completeness of information, while regulatory accounting ensures its compliance with regulatory requirements.