Germany-Specific Setup and Processes
This table lists the country-specific setup and functionality for Germany.
Setup or Process |
Description |
---|---|
UDCs (user-defined codes) |
Set up base-software UDCs with Germany-specific values, and set up Germany-specific UDCs for:
|
Next numbers |
No country-specific setup for next numbers exists for Germany. |
Bank accounts |
When you set up bank accounts in Germany:
|
Voucher processing |
Enter required voucher information for foreign payments. |
Payment processing |
Before processing payments in Germany, set up the payment formats. See Setting Up Payment Formats for Germany. To work with Z1 payments in Germany:
|
Automatic debit processing |
Before processing automatic debits in Germany, set up the debit format. |
Invoice processing |
In addition to standard invoice processing, you can print invoices with an attached International Payment Instruction (IPI). To print these invoices and attachments:
|
Encashments |
You can process encashments for Germany using one of three methods. |
Tax processing |
You can electronically submit files for tax audits in Germany. |
Intrastat and other European Union reporting |
|
Legal reporting |
You must collect and report data to the Deutsche Bundesbank (German Federal Bank) outstanding payables and receivables with foreign entities. |
Fixed assets |
German-specific reports for fixed assets include:
See Using Additional Reports for Germany. A German-specific depreciation method exists. |
Oracle Business Accelerator |
The Oracle Business Accelerator solution is available for Germany, as well as other countries. The preconfigured 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. |