Reports and Budgets
Reports and Budgets is a dynamically developing module of the TWIST INSPIRE ERP software. Upon the Czech Republic’s accession to the EU, a new INTRASTAT report was added, VIES summary report, and VAT return have a new look. TWIST INSPIRE ERP features predefined forms to be e-filed.
Module description
Accounting reports are the basis for an automatic generation of statutory reports as the Income Account, Balance Sheet, or Cash Flow. Financial indexes can be monitored or special reports generated (in foreign languages, or for special purposes). Reports are generated according to the selected report definition and the setting of other criteria. Generated reports are saved by the system and can be recalled at any time. Each line of a report is accompanied with a list of all accounts which in any way affect the value given in the line.
Budgets offer tools for setting up annual and monthly budgets to go with analytical accounts, cost centers, jobs, and categories. If required, a combined budget can be put together for a number of accounting attributes. Budgets are permanently saved within the system, and can be checked any time of the year against the company’s actual results.
VAT returns are generated according to the VAT calendar. Regular and additional returns can be made. If included into a VAT return, the document is assigned a return code, and thus it can be easily verified what records were assigned to which VAT return. Summary Reports are generated using the data in VAT returns for a given calendar quarter. Monthly INTRASTAT reports are based on goods movements and are generated to be filed via the IDES system. EKO-KOM data are taken from sales information according to the data on product packaging.
Submodules:
- Budgets
- Financial statements
- VAT returns
- INTRASTAT
- EKO-KOM
- Dealer’s fee
- Sales plan
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