Germany Certification, Transaction Locking and Printing Option for Journals

 

Is NetSuite ERP certified in Germany?

Yes.  NetSuite and NetSuite OneWorld have been certified by independent auditors and meets compliance in accordance with the IDW AuS 880 standard.

What are the Germany specific compliance SuiteApps (bundles) that I need to install and where can I access these from?

You need to go to the NetSuite repository to view and install any of the SuiteApps . From the Setup menu, navigate to Customisation>Install Bundle and then search under NetSuite Platform Solutions Group. The SuiteApps most relevant are:
 •    Bundle ID 8443 German certification – GDPdU audit report generation and VAT  treatment for early settlement discounts (sales)

 •    Bundle ID 8792 Journal Printing (applies to any country and is not Germany specific)

 •    Bundle ID 14864 International Tax Reports that includes the auto-generated Umsatzsteuer Form 

 •     Bundle 8791 Transaction Locking

How do I ensure that the German VAT reports are correct?

To get accurate results, it is essential that your tax codes are correctly set up. Installation of Bundle 14864 is a pre-requisite. Please contact Support for a copy of the recommended Tax Code matrix for Germany or check the Help Guide. 

How do I submit my VAT returns in Germany?

Online filing is mandatory in Germany, so you can submit either by using the freely available ELSTER Formular or third party software.

 
Are there any plans for direct submission to ELSTER from NetSuite?

This is planned for late 2011 where users will be able to file online via a third party application.

 
What does the Transaction Locking bundle 8791 do?

In Germany you are not allowed to edit or delete transactions once entered in the software. The Transaction Locking bundle is subsidiary specific and when installed, removes the Edit and Delete functionalities from certain types of transactions including invoices, cash sales, credit memos, vendor bills, bill credits and journals. 

Can we install Bundle 8791 Transaction Locking Feature to a US Edition Account?

You can install this Bundle to any Account but this will only work for Transactions for Accounts/Subsidiaries with Countries set to Austria, Brazil, Denmark, Germany, Israel, Sweden, Switzerland.

What else is required in order for a business to be compliant in Germany?

Whilst Germany does not have a stipulated Chart of Accounts, you are required to use account numbers. Please ensure that you have these enabled in your account. Setup> Setup Accounting>Accounting Preferences 

Can we Print a single Journal Entry if I have installed Bundle 8792?

Yes. Navigate to List > Financial > Make Journal Entry > List > View one Journal Entry > Click "Print" button.