Peoples Republic of China Financials and QAD Enterprise Applications

Posted on: June 30, 2020 | By: Andy Vitullo | QAD Financials

The Peoples Republic of China (PRC) require monthly filings of statutory compliant income statements and balance sheets for each China operating entity.  QAD has constructed a solution enabling companies to meet this requirement.   The Regional Balance Sheet and Regional Income Statement menu programs will generate these statements. To enable this functionality in your China domain or domains, several configurations must be completed.  They include: Creation of an alternate chart of...


General Ledger Chart of Accounts Organization

Posted on: December 31, 2018 | By: Andy Vitullo | QAD Financials

As businesses migrate to new ERP systems,  they should consider a refresh of the General Ledger Chart of Accounts.   Typically, the legacy charts have been in place anywhere from 10 to 20 years.   The business has cycled a number of controllers and accounting managers within the life of the legacy system.  Because of the age the legacy system and the lack of continuity of the accounting teams, ERP...