Belgium Localization Overview
The Belgium Localization SuiteApp provides features for accounting, taxation, and handling payments specific for businesses in Belgium.
Belgium Chart of Accounts Template
For Belgium whose Chart of Accounts is statutory, the SuiteApp provides a template that you can download, adjust, and import. For more information, see Belgium Chart of Accounts.
SuiteTax-Based Reports in the Belgium Localization SuiteApp
With Belgium Localization installed, you can generate the following reports in English, Dutch (Nederlands), French (Francais), or Deutsch by using the Country Tax Reports page provided by the Tax Reporting Framework SuiteApp:
These reports can only be used for SuiteTax-enabled NetSuite accounts. For more information, see Belgium SuiteTax-Based Reports.
Payment Formats in the Belgium Localization SuiteApp
You can pay vendor bills, employee expenses, customer refunds, and partner commissions using the bank payment templates that the Belgium Localization SuiteApp provides in the following formats:
-
SEPA Credit Transfer (Febelfin)
-
CIRI-FBF specifications
The Belgium Localization SuiteApp only provides the payment templates. The bank processing capabilities are handled by the Electronic Bank Payments SuiteApp. Setting up bank records for your company, subsidiaries, vendors, employees, customers, and partners in Belgium is necessary. For more information, see Belgium Payment Formats.