The new SocrateCloud version includes new functionalities in the utilities, accounting and open items module. The new functions help in automating costing adjustments, in order to decrease the time spent by accountants for reporting and cost corrections. SocrateCloud is now integrated with Urgent Curier software, and was updated according to the latest legislative changes.
Some of the new SocrateCloud functionalities are detailed below:
Accounting
- 394 Statement – SocrateCloud provides all the necessary data in order to fulfill the 394 Declaration regarding deliveries and acquisitions according to the latest changes in legislation
- VAT at payment – the new version applies the changes regarding the mandatory cancellation of VAT payment after 90 days.
- Reporting – SocrateCloud provides accountants the aggregated data for financial reporting also in the base currency of the primary documents. So reports like Balance sheet or P&L will provide also the values in the base currency of the primary documents.
- Costs – the new version comes with a new document called Costs Adjustments. The document calculates and registers the values not included at the time of discharge, it balances them in terms of costs and posts them in accounting. Being an automated process, significantly lowering the time spent by accountants to make this corrections.
Utilities
- Multi-user data import – data from external sources can now be imported not only by the application administrator, but also by other users with access rights, each user having access only to his imported data. This lowers the operating time and helps users be more efficient
Open Items
- SocrateCloud – Urgent Curier Integration – automated process, that takes over, using web services, the cash on delivery from customers that bought goods delivered by Courier. The process automatically brings all the payments split by customers. In this way the operating time of payments and conciliation with invoices is reduced, but also the operating mistakes are eliminated. Moreover, the information is processed with a higher frequency than the bank statements, meaning that the information is available almost in real time.
SocrateCloud is the business platform developed by BITSoftware which delivers a complete ERP, CRM and BI solution for medium and large companies activating in different verticals. For development or VAR partners, SocrateCloud provides the possibility to rapidly extend and develop new applications for different business niches. The platform provides flexibility, agility and performance, combining low costs with easiness of development, implementation and use.
For discovering and using SocrateCloud, there is the possibility to register for free on our site (account with 2 users) at the following link SocrateCloud.
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