Understanding Invoices for Hungary
When working with sales and purchase transactions in Hungary, you might need to produce several types of invoices. The JD Edwards EnterpriseOne software for Hungary enables you to work with these types of invoices:
Hungarian-specific invoices for goods and services.
You can print Hungarian-specific invoices from the JD Edwards EnterpriseOne Sales Order Management system and the JD Edwards EnterpriseOne Accounts Receivable system.
Correction invoice.
When you run the Print Invoices program (R42565) or the Print Legal Documents from A/R program (R7430030), the system calls one of these programs:
Print Invoice - Hungary - SOP/AR program (R74H3040), if the Calculate Taxes option is selected in the Legal Document Types program (P7400002). Use this program to print information on the invoice that is required for Hungary for transactions that include VAT. You use the Print Invoice - Hungary - SOP/AR program to print invoices for domestic currency and foreign currency transactions.
Print Legal Document (R7430040), if the Calculate Taxes option is not selected in the Legal Document Types program.
Reversing invoices (Storno)
The invoice for Hungary includes:
Invoice number and date.
Invoice due date, date of performance (shipment date), and the service tax date.
Information for foreign currency transactions:
Total taxable amount
Total tax amount
Total gross amount
Exchange rate
Exchange rate date
When you generate an invoice in a foreign currency, the system includes the amounts in both the foreign currency and in HUF. The foreign amounts appear in the body of the invoice. The domestic amounts, the exchange rate, and the exchange rate dates appear in a footer at the bottom of the invoice.
Statistical classification number (custom tariff number).
You must provide this information when the product or service is taxed at a rate that is lower than the general rate.
Bank account information including:
Name
Address
Postal code
Bank account number
IBAN (International Bank Account Number)
SWIFT (Society for Worldwide Interbank Financial Telecommunications) number
Item information, net amount, tax rate, tax amount, and gross amount for each line on the invoice.
For foreign currency invoices, the document language must be Hungarian.
For sales within the EU, the EU tax registration number must be supplied.
Invoices can be printed in Hungarian or in another language. However, if you are audited, the government might require you to provide a translation of invoices that are printed in a foreign language.
Invoices should be uniquely numbered, without any gaps. You can use multiple sequences of numbers, such as a different sequence for domestic and foreign invoices. You can restart the numbering each year or continue the numbering into a new year. Use the JD Edwards EnterpriseOne programs for legal numbering to set up the numbering sequence for invoices.