Hello all,
I am trying to implement ERPNext to our company but I would like to know if ERPNext is IFRS compliant since we are required by law to be compliant to the IFRS. Do any of you know about it. If not then how can I customize it so that it will be so.
I hope we as a community can help each other develop as much as possible.
Thanks for understanding and thanks for the help.
Best regards, Andre
Hi Andre,
Welcome to the community! ERPNext provides some level of compliance with the International Financial Reporting Standards (IFRS), But as in most ERPs, it may have one or two undesired behavior for financial reporting for which you need to consult a domain expert to resolve.
In my experience, I have seen that there is a potential non-compliance where it does not recognize un-invoiced revenue for the deliveries made. But for purchasing, it does this well.
Sorry i didn’t reply as i was abroad. I wanted to open a discuss topic specifically for IFRS. So we can help each other out with this.