You can now issue your end of semester VAT statements through one new separate module that was built as part of our LIBRA suite.
The advantage of this new improvement is the direct connection to the database, which allows automatic issuance of the financial statements by the system easing the job of every accountant. The financial statements are issued based on the requirements set by the Lebanese Ministry of Finance and following their standard reporting format. The module analyses the company accounts and compares them to the standard chart set by the ministry, highlights discrepancies, and provides the tools for needed corrections.
IDS is on a constant lookout for new techniques and ways to ease the work of accountants. So stay tuned for our updates and read more about our LIBRA financials ERP suite here.