General accounting
Likom Presto XL works in line with Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and Turkish Accounting Standards (TMS). Charts of accounts and financial statements can be tracked in more than one language and currency. Alongside standard financial statements, users can prepare financial statements with the formulas and design they want. Journal vouchers can be classified as collection, payment, offset, opening and closing vouchers. Journal vouchers can be created automatically with allocation and balance-closing templates. With flexible reporting, users can prepare and analyse all financial reports in the desired format.
With Likom Presto XL Budget Management software
- Flexible budget periods (monthly, quarterly or free) can be defined for accounting and income and expense management; these periods can be revised and locked.
- A budget chart of accounts can be created; by defining a formula on the budget account card, the accounting codes that make up the budget account are set and budget data can be generated automatically.
- Planned and revised budget exchange rates can be entered, and budget accounts tracked in the selected currency.
- When defining a budget, its share of the total income or expense budget can be seen.
- Estimated budget values and actuals can be tracked as a percentage or ratio.
- Consistency between planned budget values and actuals can be checked easily.
