Automated COA Conversion
What Is Automated COA Conversion?
Solution is designed for clients with multi-shore operations where the existing JD Edwards Enterprise Resource Planning Systems had to be modified to accept entries from India and America
US Gaap Accounting structure to be introduced without changing Indian Accounting Structure and with No customization
Challenges To Overcome
Date pattern are Different for US and India. (US –CY, IN - FY)
All the validation to be incorporated as required for normal accounting (in entry and postings)
Audit Trail has to be maintained for Audit Purpose.
All the computation and working should take place as usual e.g. depreciation, Leave encashment, provisions etc. as per US Gaap.
Solution designed to support daily operations on both structure India and US on daily base.
Designing & Deploying The Solution
“Designed US Gaap Accounting Structure”
Cyret solution was designed with help of Ledger Type, Allocation Transaction, Clearing A/c. Ledger types in Fixed Asset for US
Depreciation computations, Ledger Type for Provisions and other calculations.
Accounting set-up created for both Indian and US centers
Proper controls with Audit trails were created
Why Cyret - Passing The Benefits To Client
- Cyret's consultants can translate any challenge into the most suitable solution
- Technical teams at Cyret deploy the solution and keep customers informed throughout
- Solution is always tested by client and deployed within target timelines
- Clients are trained on utilizing the features seamlessly with minimal efforts