Abstract
From ADC
Abstract is a Free Open Source Software (FOSS) for Enterprise Resource Planning (ERP). It is being developed by Abstract Accounting Ltd., Pskov, Russia.
Abstract is using an innovative approach to Accounting. The resulting system is universal enough to be used by any organization, that needs to do accounting, irrespective of it being non- or for-profit, of its type of business, of its organization structure, and even of operation volume. Among other businesses, banks are certainly in this list.
Simplified Accounting
Abstract is being designed to achieve conceptually new level of accounting automation:
- processing of all material data about enterprise activities;
- creation of all documentation;
- fully automated transactions;
- fully automated revenue recognition;
- fully automated mapping of recognized revenues/expenses/gains/losses to profit and loss statement items;
- zero maintenance.
Improved Business Efficiency
Abstract capabilities are not limited to accounting and cover general aspects of business organization and cost management:
- serving business process in real-time 24x7 mode;
- separated registration of physical transfer and the respectful accounting transactions;
- registration of accounting transactions in arbitrary order;
- calculating balances in an arbitrary number of flow charts - national tax rules, national GAAP, IAS, managerial accounting, and so on;
- easy processing of new business segments;
- expanding functionality without breaking existing one.
Optimal quality/price ratio
Because abstract is FOSS, and because it is based on the same platform as Mozilla Firefox browser, abstract has some attractive operational features:
- support for Windos/Linux/MacOS X interoperability;
- relatively low hardware requirements;
- natural ease of use - the program feels like a browser;
- no copying limits;
- no software license costs.
Simply put, Abstract is a system, that opens your business growth potential without burdening it with excessive IT costs.
