Russia overview

This article provides information about functionality that supports Russian regulations.

General ledger

• Correspondence of accounts
• Preview ledger transactions
• Set up exchange rates for currency transactions
• Import currency exchange rates
• Ledger translation
• Turnover balance statement reports
• Account activity reports
• White paper: Dynamics 365 Finance and Dynamics 365 Supply Chain Management-Federal Accounting Standard 27-2021 in Russia
• Enable Electronic reporting destinations to store Russian accounting documents

Advance holders

• Russia advance holders overview
• Create an advance holder
• Daily operations for advance holders
• Advance reports with budget control
• Revaluate foreign currency for advance holders
• Advance holder reports

Cash and Bank

• Set up bank accounts
• Set up and process payment orders
• Exchange adjustment
• Foreign currency sales, purchases, and transfers
• Petty cash
• Cash - Local primary forms and unified reports
• Client-Bank interface and reconciliation procedure

VAT

• Local specific posting of sales VAT
• Invoice factures processing and printing
• Revision factures and corrective factures
• Value-added tax (VAT) for tax agents
• VAT declaration
• Sales books, purchase books, and invoice-factures journals
• Prepayments management
• Incoming VAT restoring
• Process invoice factures for export trade

Fixed assets (Russia)

• Fixed assets overview

Set up Fixed assets

• Set up fixed assets
• Set up depreciation
• Depreciation methods
• Depreciation bonuses
• Set up fixed asset locations and numbering

Working with fixed assets

• Create fixed assets (Russia)
• Register fixed assets acquisitions
• Acquiring fixed assets and putting them into operation
• Calculate depreciation
• Partial fixed asset disassembly (liquidation)
• Sell, dispose, and write-off assets
• Create fixed asset lease and return from lease
• Maintain fixed assets
• Fixed asset counting
• Fixed asset currency revaluation
• Revaluate fixed asset cost and depreciation
• Create and post budget journals for fixed asset acquisitions
• Transfer fixed assets

Not valuable fixed assets, and working clothes

• Not valuable fixed assets
• Working clothes/special rigging

Printing forms

• Printing forms for fixed assets

Accounts payable and receivable

• Credit note corrections
• Invoices for payment
• Set up dimension control for settlements
• Register goods shipped to customers
• Cash flow management
• Allocation of miscellaneous charges in proportion to weight and volume
• Third party miscellaneous charges
• Agreements
  • Set up and create agreements
  • Register transactions with reference to agreements
  • Inquiries and reports with agreements
• Transactions through intermediary
  • Purchases on commission
  • Sales on commission
• Local reports and primary forms in Accounts receivable and Accounts payable

Inventory

• Goods in transit from vendor
• Customs declaration numbers
• Inventory cost structure
• Inventory adjustment wizard
• Inventory reports
• Inventory profile
  • Set up an inventory profile
  • Use an inventory profile in documents and queries
• Customs clearance
  • Work with customs clearance

Customs

• Set up customs clearance
• Work with customs clearance

Reporting

• Financial reporting
• Configure financial reports in Excel
• Accounting reporting in electronic format
• Assessed tax declaration
• Transport tax declaration
• Land tax declaration
• Profit tax declaration

Organization administration

• Registration IDs
• Set up officials
• Company divisions
• Russian address formats and import from FIAS

Deferrals

• Set up deferrals
• Create or generate referrals
• Receipt of deferrals
• Write off deferrals
• Dispose of deferrals
• Deferrals counting
• Reporting for deferrals

Tax accounting

• Create tax registers and the tax register journal
• Expense and income codes
• Assets tax registers
• Deferrals tax register
• Cash flow tax registers
• Rated expenses registers
• Accounts payable debt tax registers and debt write-offs
• Bad debt reserves in Accounts receivable
• Calculation of tax asset and tax liability registers
• Goods movement tax registers
• Other tax registers

Additional resources

• Electronic reporting overview
• Download Electronic reporting configurations from Lifecycle Services
• Microsoft Dynamics Localization Portal: Russia report (requires CustomerSource account)