NetSuite for Germany
NetSuite is well prepared for supporting companies and subsidiaries based in Germany (audited according to the German IDW Auditing Standard 880 edition and use of Software Attest Reports). German NetSuite Users can rely on the following lokalizations and functions, which are implemented in NetSuite:
GLOBAL FEATURES
- GL Audit Numbering and Impact Locking
- Period End Journal Entries
- Automatic Cash Application
- Variance Posting Rules
UI LANGUAGES
- German
VAT
- VAT Pre-configured tax codes and tax rates and auto determination logic
- Localised periodic and annual VAT reports
- Localised Intracommunity and Intrastat reports
- Electronic submission of periodic and annual VAT reports via ELSTER
- EU VAT ID validatio with the VIES database
- GoBD certified audit files
LOCALISATION
- Certified under IDW PS 880
- DATEV data export
- Compliance with Commercial Code (Handelsgesetzbuch)
- Local Bank Payment Formats
- DTAZV payment file creation for non-EURO payment
- SEPA Credit Transfer payment file creation for EURO payment
- SEPA Direct Debit payment file creation for EURO payment