Germany Help Topics
Overview
The following help topics provide information about NetSuite features that are specific for companies doing business in Germany. The NetSuite International edition can be configured with capabilities and reports specific to a German business setting and requirements.
To know more about localized editions of NetSuite, as well as setting up NetSuite accounts and subsidiaries, refer to the following help topics:
-
Introduction to NetSuite OneWorld — for companies using NetSuite across multiple subsidiaries and countries
Please note that general NetSuite features are covered in other chapters and topics.
General Setup
Germany Account Setup: Provides an overview of NetSuite features to be enabled by the user in Germany and SuiteApps available for installation.
Setting Up Germany-specific Preferences Page: Set up your NetSuite company and user preferences for Germany, including date, currency, language, time zone, and support for German number, phone, and address format.
Functional Areas
German users can activate and get access to different features from the following functional areas:
To learn more about SuiteApps installation, see Installing a Bundle.
To learn more about enabling NetSuite features, see Enabling Features.
If you do not have sufficient permissions to install SuiteApps or enable features, please contact your account administrator.
Accounting
|
Feature |
Description |
Prerequisites |
|---|---|---|
|
Provides a template of the Germany Chart of Accounts, which you can modify and add legal names. |
Install Germany Localization SuiteApp. For more information, see Installing Germany Localization |
|
|
Provides a solution if your main Chart of Accounts does not follow the German account numbering requirements. Through the Accounting Context subtab on the General Preferences page, you can create a German Accounting Context, which allows mapping between the main accounts and the German numbers. |
Available in all OneWorld accounts. |
|
|
Applies gapless numbering sequences to all general ledger posting transactions. This is an optional feature and is a prerequisite for the GL Impact Locking feature. |
Enable the GL Audit Numbering feature; see Enabling GL Audit Numbering and Setting Preferences |
|
|
Enables you to lock the general ledger (GL) impact of a transaction to the GL. When you use this feature on a company or a subsidiary, any change to a GL impacted field or entity field on a GL numbered impacting transaction after running a GL audit numbering sequence automatically generates copy and reversal transactions. These transactions appear on the GL Impact subtab on the original GL impacted transaction. |
Enable the GL Audit Numbering feature; see Enabling GL Audit Numbering and Setting Preferences Check the GL Impact Locking box on the Company Information or Subsidiary pages; see GL Impact Locking |
|
|
An optional feature that enables you to create the income closing journals, balance sheet opening and closing journals as a task in the Period End Checklist. |
Enable the Period End Journal Entries Feature and perform additional setup tasks; see Setup for Period End Journal Entries |
|
|
Enables companies to generate transaction records with contra account information. |
N/A |
|
|
In certain countries, accounting regulations require you to lock transactions to prevent anyone from making changes to them. The Transaction Locking SuiteApp locks transactions by hiding the Edit and Delete buttons from specific transaction records. |
N/A |
Taxation (Non-SuiteTax)
|
Feature |
Description |
Prerequisites |
|---|---|---|
|
Provides a list of tax codes that are needed to calculate VAT on transaction records, and to generate Germany VAT reports. |
Enable the accounting features that you want to use. For more details, see Enabling and Setting Up Taxation Features. Depending on your selection of features, you may need to install the following SuiteApps:
|
|
|
Provides information about how to generate the Germany VAT report in German or English. |
||
|
A feature of the International Tax Reports SuiteApp that automatically creates nexus and VAT/GST tax codes when you add a new subsidiary country. |
||
|
A feature of the International Tax Reports SuiteApp that automatically provisions OSS tax codes when you assign an OSS nexus to a subsidiary in NetSuite OneWorld. |
||
|
Automatically provisions OSS tax codes for non-OneWorld NetSuite accounts. |
||
|
The file enables tax payers to provide their electronic records to the tax auditors in support of their tax returns, and for auditors to review accounting records. |
Install Tax Audit Files (see Installing the Tax Audit Files SuiteApp) |
Taxation (SuiteTax)
Read these topics if your NetSuite account uses SuiteTax. SuiteTax is not usable in Non-SuiteTax environments.
|
Feature |
Description |
Prerequisites |
|---|---|---|
|
Creates tax records when you select SuiteTax as your tax engine. SuiteTax enables you to use different tax engines per nexus. To begin provisioning your tax records, assign a tax registration to the subsidiary or company in SuiteTax. |
Your NetSuite account administrator must submit a SuiteTax enablement request and enable the SuiteTax feature in your NetSuite account. See Enabling the SuiteTax Feature. Install the following SuiteApps:
|
|
|
Guides you through the process of updating tax codes for each nexus. This procedure is a best practice after the SuiteTax Engine automatically provisions tax codes. |
||
|
The SuiteTax Engine enables you to configure the extra information required for invoices where the customers are liable for tax (sale subject to reverse charge mechanism). The compliance text is shown on invoices that use tax codes with tax types where Reverse Charge for Sales is enabled. The compliance text default configured language and text is in English. Configuration for other languages is also available. To setup compliance text, you will need to configure this feature in the nexus preferences and in the invoice templates. |
||
|
VAT Return |
Enables you to generate the German VAT Return in English or German. For more information, see Generating Localized Country Tax Reports. For more information about the reported values on the German VAT Report, see Germany VAT Report. |
Payments
|
Feature |
Description |
Prerequisites |
|---|---|---|
|
Provides information about the Electronic Bank Payments SuiteApp and its supported payment formats specific to Germany, including steps on setting up bank records for your company, partners, vendors, customers, and employees in Germany. |
Install the following SuiteApps:
|
|
|
Provides information about how to transfer electronic bank payments data such as your entity bank details (vendors, employees, customers) to NetSuite. |
Bank Reconciliation
|
Feature |
Description |
Prerequisites |
|---|---|---|
|
Manual Bank Reconciliation |
Lets you manually mark bank transactions as reconciled. For more information, see Reconciling Bank Statements |
You must have the proper permissions assigned to your role. For details, see Permissions for Banking Features. If you want to use the pages for an account, check the Use Match Bank Data and Reconcile Account Statement Pages box on the Edit Account page. For details, see Editing an Account. |
|
When bank data has been imported to NetSuite, you can match and reconcile transactions without the need for third-party tools. |
||
|
To reconcile your account statement from beginning to end:
|
For more information, see the following topics: Importing Data Using a Financial Institution Record - the following formats are supported:
For more information about these formats, see Bank Statement Parsers SuiteApp. |
Install the Bank Statements Parsers SuiteApp. For more information, see Installing the Bank Statement Parsers SuiteApp. This SuiteApp provides parser plug-ins for the supported formats.
Note:
If you develop new formats in addition to the supported ones, you must create a Financial Institution Parser Plug-in implementation. For more information, see Financial Institution Parser Plug-in Interface Overview |
|
Importing Data Using Default Parsers — the following formats are supported:
For more information, see Supported File Formats for Default Parsers |
|
|
|
Auto Bank Statement Import SuiteApp which uses the Financial Connectivity Plug-in to automatically import bank data through SaltEdge from your financial institution. The Auto Bank Statement Import SuiteApp is usually used together with the Bank Statement Parsers SuiteApp |
Install the Auto Bank Statements Import SuiteApp. For more information, see Installing Auto Bank Statement Import SuiteApp. Install the Bank Statement Parsers SuiteApp. For more information, see Installing the Bank Statement Parsers SuiteApp.
Note:
If you develop new formats in addition to the supported ones, you must create a Financial Institution Parser Plug-in implementation. For more information, see Financial Institution Parser Plug-in Interface Overview |
|
|
For more information, see Matching Bank Data. |
See Permissions for Banking Features for the proper permissions to use the Match Bank Data and Reconcile Account Statement pages. If you want to use these pages for an account, check the Use Match Bank Data and Reconcile Account Statement Pages box on the Edit Account page. For more information, see Editing an Account. |
|
For more information, see Submitting Matched or User-Cleared Transactions. |
|
|
For more information, see Reconciling Transactions |
SuiteCommerce
|
Functional Area |
Feature |
Description |
|---|---|---|
|
SuiteCommerce Advanced (SCA) |
Set up SCA for a particular locale or for OneWorld. |
|
|
SuiteCommerce Site Builder |
Set up site for a particular locale. |
|
|
Set up site for OneWorld. |