A system of tax accounting and control

ERP-based tax accounting

ERP systems are increasingly used by businesses for the automation of financial functions. ERP systems are usually customised to suit the requirements of each company, taking into account industry specifics, business processes and tax accounting arrangements. None of the current ERP systems contain ready-made solutions for Russian tax accounting; therefore, customised settings bring up several difficult methodological questions.

The automation of tax accounting requires both skills in ERP systems and advanced knowledge of tax legislation. It also requires specialised experience in the development and design of system requirements as well as adjustments to data calculation algorithms for the tax accounting of each business transaction under current Russian law to the selected ERP system as well as specific architectural solutions. Therefore, qualified methodological support is required during ERP implementation.

We provide ERP-implementation services at different stages of the implementation process. We offer methodological support (in the business analysis and ERP system design stages), test software and ERP settings (in the project’s final stages), and evaluate the results of implementation upon the project’s completion.

Methodological support for the automation of tax accounting during implementation of ERP systems

To provide methodological support for projects to automate tax accounting, we perform the following:

• perform a diagnostic review of tax accounting principles in use within the company;
• develop a methodology for tax accounting;
• develop a framework for ERP-based tax accounting;
• establish tax accounting requirements for the ERP system;
• develop forms for tax ledgers and algorithms for their generation in the ERP system;
• test and control the quality of configurations and solutions implemented by IT specialists;
• develop tax accounting guidelines in the ERP system;
• develop controls to check the accuracy of tax data calculation;
• transfer knowledge to ERP system users.

Testing and assessment of the results of automating tax accounting in ERP systems

To test and assess the results of automated tax accounting, we perform the following:

• analyse project documents;
• test algorithms and solutions configured in the ERP system, based on detailed testing scenarios in line with the company’s business processes.