Germany Localization
The Germany Localization SuiteApp provides features that address or comply with accounting and financial reporting requirements or standards specific to Germany.
The SuiteApp supports tax reports required by German tax authority, namely:
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EU Sales List
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Periodic VAT Return – USt 1A
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Intrastat – Arrivals/Dispatches
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Germany Tax Audit Files: GoBD Data Extract
Germany Localization SuiteApp fully supports German SKR 03 and SKR 04 Chart of Accounts templates (two of the most important standards). The templates that include numerous common accounts are provided, giving German companies the option to add subaccounts to existing charts of accounts or to set up only the accounts they will use.
The Germany Localization SuiteApp also supports the following German financial statements:
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Balance Sheet mapped to SKR 03 Chart of Accounts
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Balance Sheet mapped to SKR 04 Chart of Accounts
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Income Statement in total costs format mapped to SKR 03 Chart of Accounts
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Income Statement in total costs format mapped to SKR 04 Chart of Accounts
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Income Statement in the cost of sales format mapped to SKR 03 Chart of Accounts
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Income Statement in the cost of sales format mapped to SKR 04 Chart of Accounts
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Trial Balance (Summen-Salden-Liste, or SuSa in German) mapped to SKR 03 Chart of Accounts
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Trial Balance (Summen-Salden-Liste, or SuSa in German) mapped to SKR 04 Chart of Accounts
These financial statements display aggregated data drawn from relevant accounts defined in the chart of accounts. With a click of a button, users can recalculate the balances in the financial statements to include the latest updates within a defined accounting period.
This SuiteApp is not intended to provide full support to German localization. The Germany Localization SuiteApp must be used with other SuiteApps that provide tax determination and calculation, electronic invoicing, and other financial requirements.