Accounting

BORA Accounting Management (BORA AM) is the ERP software for accounting. It posts entries automatically, so data is not keyed in by hand.

Accounting

The module is a separate layer in BORA Business Suite, but it is closely linked to the others. Every operational document of the company becomes an accurate accounting entry. Chief accountants and finance directors get a flexible environment for accounting policies, tax planning and management accounting.

What BORA AM includes

Chart of accounts and relational analytics

BORA AM goes further than traditional accounting. Its relational model has four independent analytical axes: accounting, structural, economic and business.

  • In the “Automatic posting engine” the posting rules for all source documents in the ERP system are set in advance.
  • For BI analysis, information is traced by activity, business line, structure and cost object (orders, projects, events).
  • The chief accountant locks closed periods, and after that nobody without permission can edit or post anything in them.

Balance sheet, reversals and period closing

Routine operations are automatic, so the balance sheet and the annual financial statements are drawn up quickly:

  • manual entries (journal vouchers, closing entries) are possible, and when the accounting policy changes, documents are re-posted in bulk;
  • entertainment and social expenses, vehicle fleet costs and rental contracts with individuals are recorded in batch mode;
  • foreign currency balances, receivables and payables are revalued every day, and the history is kept;
  • the general ledger, the chronological registers, the currency and materials trial balances and the annual trial balances by month come out automatically.

Costing and cost centres (Cost Centers)

Cost management is at the heart of management accounting in BORA AM:

  • income and expenses are tracked by business responsibility centre, and these centres appear in every analysis;
  • one shared cost is spread over many deliveries, or many costs over one delivery, using models that you define;
  • goods are received at the exact landed cost, and finished products at the real production cost;
  • the accounts in group 60 (expenses by nature) and group 70 (sales revenue) are closed automatically.

Budgets and financial control

With the budgeting module you plan the economic indicators and follow how they are met:

  • the budgets you set are compared continuously with the real accounting figures (plan versus actual analysis);
  • you can draw up annual, quarterly, project, event and quantity-and-value sales budgets;
  • data is copied between budgets so you can compare different scenarios quickly.

Fixed assets

This is where tangible and intangible fixed assets are kept:

  • accounting depreciation under IAS / Bulgarian National Accounting Standards and tax depreciation under the Corporate Income Tax Act are calculated and posted automatically;
  • the Unified Classifier of Fixed Assets (EKOS) is supported;
  • you can add your own fields to assets (production capacity, custodian, location, maintenance dates), and an e-mail can arrive before upcoming events;
  • asset registers, projected depreciation plans and fixed asset cards are exported to MS Excel.

Taxes and reporting to the NRA

  • There is a separate module for SAF-T (Standard Audit File for Tax). It exports the full accounting data in the NRA’s unified XML format within the legal deadlines.
  • The VAT return, the purchase and sales ledgers and the VIES declaration are prepared automatically and exported in TXT format for the NRA portal.
  • The system keeps parallel accounts in several currencies and has worked in euro since Bulgaria adopted it on 1 January 2026.

Frequently asked questions about the accounting software

What is the “Automatic posting engine” in BORA AM?

A tool where the chief accountant sets up the posting rules for documents once. After that every sales invoice, warehouse document and bank transfer is posted by itself the moment it is completed in the ERP system.

How does the software make VAT and VIES reports easier?

BORA AM takes the data from the sales and purchasing modules as soon as it appears. The purchase and sales ledgers, the VAT return and the VIES declaration are filled in automatically. All that is left is to download the files and submit them in the NRA portal.

Does BORA AM keep tax and accounting depreciation side by side?

Yes. The fixed assets module keeps the assets in a separate register. Accounting depreciation is calculated under IAS or the Bulgarian National Accounting Standards, and tax depreciation under the Corporate Income Tax Act, both automatically.

What is the SAF-T module in BORA AM?

A feature built to the NRA’s latest requirements for submitting accounting data in a single audit format. The module extracts the full history, the transactions and the balances and gathers them into a standardised electronic file.