Hi,

accounting requires support for calculating the present value of long-term receivables and payables. The requirement arises from international accounting standards IFRS. For receivables and payables, it is necessary to calculate their present value at the time the receivable arises and it is necessary to recalculate the value of the receivable at the end of the year. In individual years, the accounting entity increases the receivable/liability against the recognition of interest.

For a receivable, it is necessary to enter the discount rate and number of years, calculate discounting, and ensure accounting when the receivable arises, as of December 31, and upon payment.

Example:

Long-term receivable – 3 years, value 1 million. Selected discount rate 7%. The receivable must be discounted.

Present value of the receivable at the time of origination:

1000000/1.07^3 = 816,298

Value of the receivable at the end of the second year:

1000000/1.07^2 = 934,579

Value of the receivable at the end of the 3rd year:

1000000

Summary:

It is necessary:

In addition to having the receivable/payables posted in the system in the usual way, We need to record data for calculating the present value and enable posting changes in the value of the receivable/payables.

- Have the option to enter a discount rate and number of years for long-term receivables and payables (card)

- Add an action for calculating the present value

- Generate data for individual years (rows)

- Posting values ​​for individual years

- Recalculation during payment and in batches to 31.12.

Note:

Support for recording and calculation is important so that users do not have to figure out how to record this outside the system.

Please consider this request carefully.

Thank you.