SMART Accounting for Ukraine within Microsoft Dynamics 365 Finance and Operations Applications is a solution designed to adapt standard system processes to comply with the National Financial Accounting Standard, International Financial Reporting Standards (IFRS), and the Tax Code of Ukraine. It covers the following processes:
- VAT accounting
- Regulated reports
- Printed forms in Ukrainian
- Reports on fixed assets accounting
- Specifics of accounting entries
- Accounts correspondence
Updates for SMART Accounting for Ukraine within Microsoft Dynamics 365 Finance and Operations Applications are released every six months. If legislative changes require urgent implementation, SMART business issues unscheduled updates.
All updates can be installed independently or with assistance from SMART business.
Key Updates for SMART Accounting for Ukraine for the period from 01.10.2024 to 28.02.2025 focused on tax accounting, core functionality, and inventory management.
- Financial posting of the «Product receipt» document based on the exchange rate of the prepayment has been added.
- The ability to view financial transactions when posting tax invoices for both Vendor and Customer tax invoice forms has been introduced.
- A new button in the “All free text invoices” form allows users to navigate to tax invoice lines created based on these invoices like in the “All sales orders” form.
- The “Description” field in customer tax invoice lines has been expanded to 1,000 characters.
- A new functionality has been developed to fill in the UKTZED code and mark a product as “Imported” when generating a Customer tax invoice based on a prepayment transaction settled with an invoice.
- Editing incoming tax invoices is now possible, enabling the matching of two incoming tax invoices with a single prepayment.
- Editing outgoing tax invoice lines is now possible, allowing users to issue tax invoices for specific sales invoice lines.
- Differentiation of incoming and outgoing tax invoices has been implemented to simplify importing and matching of incoming tax invoices.
- The ability to change the payment to prepayment and vice versa has been added.
- Reverse of financial posting for a tax invoice is now possible using the “Revers” function.
- Batch processing of accounts correspondence has been developed.
- New records can now be added to the UKTZED codes table using the Excel add-in with new records automatically appended to the end of the list.
- Financial posting for 0% VAT tax invoices has been implemented with no posting generated in such cases.
- ER report «FA balance» added.
- ER report «FA inventory» added.
- The approach to menu item placement and printed form call buttons has been updated using the SMART Electronic Reporting Buttons solution within SMART Accounting for Ukraine.
To download the full release notes in English, Polish, or Ukrainian, click the corresponding button below.
