New Application of Financial and Accounting System Based on 1C 8.3

The company Ultra Tecnologies started cooperation with JSC Baku Metro to automate financial and accounting based on 1C 8.3.

According to the information on the website of the structure, the new program allows accounting records of fixed assets, intangible assets, materials and low-value items, to prepare statistical and other reports, to calculate and pay the salaries of employees within the agency and, in general, to organize financial data. In addition, the project creates functionality to make estimates of construction work, manage and monitor funds, group expenses, prepare balance sheets and estimates, take objects on balance, etc.

This system will allow a single center to manage the work of the Main Department and 26 institutions subordinated to the Underground. The company's analysts said that as a result of the introduction CJSC Baku Metro will receive benefits such as the formation and optimizing the efficiency of the accounting policy, the transition to international reports IFRS and others.

The automated system for financial and accounting based on the platform 1C 8.3 for budgetary organizations, based on many years of experience at the company Ultra, was introduced in the Ministry of Economy and Industry, the Ministry of Justice, the Examination Office of the Ministry of Justice, the Center for International Relations and Calculations (IRAC) under the Ministry of Communications and High Tech, in the service Asan Kihdmet, the state commercial insurance company Azersigorta and the Central Bank of Azerbaijan. --17D-