module iKO-100
annual closing of books according to Greek Accounting Standards
Internal tool · Greek Accounting Standards
module iKO-100 — annual closing of books according to Greek Accounting Standards
For the annual closing of books for every business, we have developed a special application/model-platform, the iKO-100. This is an application for the Greek Accounting Standards (E.L.P.) that operates during the closing time of the books — before the final closing in the official books. It is based in an Excel environment, across multiple worksheets, and covers all end-of-year tasks. It is customizable according to the needs of each client: accounting, inventory, and tax tasks, with full interconnection and mutual control between sheets.
- Complete calendar with entries distinguished in adjustments, transfer to account 80.00, and closing of the balance sheet.
- Complete set of balances (December, adjustments, pre-transfer to account 80.00, balance sheet, closed), balance sheet, exploitation, and detailed general accounting inventories with valuations.
- Detailed sheets for expense allocation and tables for fixed asset changes — including a template for Appendix E.G.L.S. — fully automated and interconnected.
- As applicable: detailed multi-column inventory balance by type and category (quantity, value, average price), regardless of sector.
- Tax tasks: detailed E3, income tax declaration with full analysis, periodic and final VAT with code analysis — all interconnected and controlled among themselves.
- Support for multiple installations (head office and branches) with accounting autonomy and result export by installation and by sector.
What is achieved
The platform is not just a spreadsheet; it is a working methodology with complete numerical agreement, documentation, and scenario capabilities before finalization.
- Detailed closing documentation according to auditing standards — for audit under law 2190/1920, certified or other auditor, internal and tax audit, as well as administrative information.
- Dynamic modeling: alternative options for tax legislation or accounting are immediately reflected in profits, taxes, and indicators, always with an agreed balance sheet and documentation — before the closing is finalized in the official books.
- Minimization to zero of numerical errors and errors in the selection of tax or accounting data.
