kVASy-General Ledger

kVASy - General Ledger aggregates information from the entire system and makes it available for user defined reports. This module can access the data from the areas of Accounts Receivable, Accounts Payable, Consumption Billing, Job/Order Management, Fees Management and Assets Accounting online. The time-consuming tasks of creating and maintaining interfaces can be completely dispensed with. Due to its capability of segmented representation of data, kVASy - General Ledger is excellently tailored to the needs of the utility industry.

High performance segmented accounting (Unbundling)

All needs of the utility industry with respect to unbundling are completely reflected in kVASy - General Ledger. Even in the case of the combined billing of different utility types, separate receivables can be represented in the balance sheets according to individual business areas. The balance and sums posted are able to be viewed according to segment in the information masks in the form of a tree diagram.

Integrated cashbook

The cash balance is managed in the cashbooks. The entry of the individual records occurs in sequential order and the balance is immediately updated. The automatic generation of receipts and bills is possible. The posting of cash transfers from the cash book can take place to personal or impersonal accounts.

Parallel accounting

Easy tools are available in General Ledger and Assets Accounting with which to balance accounts according to different regulations. In Assets Accounting, after the initial definition of the amendments, all subsequent transactions and the corresponding entries occur automatically.

Account interest charges

The functionality enables the day exact calculation and optional entry of interest on the basis of balances of each individual impersonal account. Similar to a bank account, the daily credit and debit balances of impersonal accounts are determined and then the interest for each account, according to the give interest rates, is calculated. The calculated sums can then be booked optionally on the impersonal accounts planned for that purpose.

Easy reporting and adjustment tools

In the master data, the possibility exists to define groups and positions for any number of report lists with differing hierarchies. An open item manager of impersonal accounts enables the user to easily balance offset accounts such as money transfer accounts, materials purchasing accounts or intermediate asset accounts. Additionally, the possibility exists to make control statements with freely defined sections (statement of provisions, statement of equity capital) for certain impersonal accounts.

Provision of data in accordance with basic regulations for digital archiving

kVASy offers the possibility of exporting the data relevant for taxation purposes comfortably via standardised export features. Additionally, freely definable exports can take place with the help of the report manager. These features are available both in the productive system and also in the archive system, also allowing historical data to be exported and released from the system without any time restrictions.

Sales tax declaration

The monthly sales tax declarations are generated and compiled in kVASy. Documentary evidence of the entries can be made at any time (including later audits) for each sales tax declaration or adjustment filed. This function in kVASy also provides for cases in which the posting period and the declaration period may not coincide (non-deductible input tax).