FlexFinance supports financial accounting in parallel GAAPs.

Parallel GAAPs can be defined as

For each GAAP specific individual rules can be defined for

(For details on how to define a chart of accounts and/or the accounting logic for a specific GAAP, please read more in the manual: General Ledger/Shadow Ledger, Chart of Accounts, Accounting Logic.)

The process chain as well as GAAP-specific topics are explained in the following for different GAAPs.