Calculating depreciation is a highly complex aspect of submitting annual financial statements for local self-government institutions. To avoid this complexity, some attempt to finalize the figures using data from only the previous year. However, in accordance with Government Order No. G.O.(Ms) 212/2012/LSGD dated 06-08-2012, depreciation must be calculated based on an examination of records spanning up to 50 years.
We only have access to data from the 'Local Sankhya' software dating back to 2011. Errors may occur when migrating reports from Sankhya and ILGMS into K-Smart; therefore, it is necessary to verify the accuracy of the reports obtained after conversion.
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Saankhya Heads to KSmart Convertor with Verification Helper
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