This chapter contains the following topics:
This table lists the country-specific setup and functionality for Italy.
Setup or Process | Description |
---|---|
UDCs (user-defined codes) | Setting up Italy-specific UDCs enables you to use Italy-specific functionality. You also set up some base software UDCs with Italy-specific values.
Set up UDCs for:
|
AAIs (automatic accounting instructions) | In addition to the basic AAI setup, set up AAIs to work with the annual close process in Italy and to work with supplier withholding taxes. |
Next numbers | In addition to the basic next number setup, you set up next numbers by business unit / document type to number delivery notes in Italy. |
Companies | You must set up your reporting company with a value of 3 in the Person/Corporation Code field (data item TXC) in the Address Book Revisions program (P01012). When you set up the company with a value of 3, the system enables you to complete both the Tax ID (data item TAX) and the Add'l Ind Tax ID field (data item TX2).
You must also set up Italy-specific address book information before you can generate the Multi-Purpose VAT Communication. See "Entering Address Book Information for a Tax Reporting Entity" |
Bank accounts | When setting up bank accounts for Italy:
|
Customers and suppliers | You can generate reports for customer and supplier balances.
You also generate an annual list of transactions for customers and suppliers for VAT reporting. |
Supplier withholding | To set up to process supplier withholding:
To work with supplier withholding:
|
Payment processing | Before processing payments in Italy, set up the payment formats.
See Setting Up Payment Formats for Italy. To work with payment processing in Italy:
|
Invoice processing | To work with invoice processing in Italy:
In addition to standard invoice processing, you can print invoices with an attached International Payment Instructions (IPI). To print these invoices and attachments:
|
Voucher processing | To capture information needed for tax reporting, you must associate debit notes to the vouchers that they modify.
You must also set up corresponding versions of the Standard Voucher Entry program (P0411) and the PO - Localization Voucher Entry program (P74Y4411). The system uses the corresponding versions when you associated debit notes with vouchers. |
Accounts receivable draft processing | Before working with accounts receivable drafts in Italy, set up draft remittance formats. |
Monthly and annual close | Before you perform the standard processes to close accounts for a month, in Italy, verify the account balances.
See Verifying Account Balances in Italy. In addition to the base software processes for the annual close, in Italy:
|
Bank statements | Use the Italian Statement Print program (R03B5002) to print statements for Italy. |
Tax processing | Before you work with VAT for Italy:
To work with VAT in Italy:
|
Fixed assets | In addition to the base processes for fixed assets, in Italy:
|
Intrastat and other European Union reporting | Generate Italy-specific intrastat reports.
"Understanding the Italy Intrastat Services Declarations Report" |
Integrity reports | Reports for Italy enable you to:
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Oracle Business Accelerator | The JD Edwards EnterpriseOne Oracle Business Accelerator solution is available for Italy, as well as other countries. The pre-configured data that are part of the Oracle Business Accelerator solution is based on business processes that have been designed according to the best business practices for a specific country and industry. |
Electronic Invoices | Companies in Italy are required to submit a digital version of the invoices issued that meet a specific criteria. JD Edwards EnterpriseOne Localizations for Italy uses the standard programs to generate a printable invoice document, and country-specific generic invoice functionality to generate a digital electronic invoice.
See Understanding the System Setup to Work With Italy Electronic Invoices |