Germany Help Topics

Chart of Accounts Management

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

Accounting Context

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.

GL Audit Numbering

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

GL Impact Locking

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

Period End Journal Entries

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

Contra Account Sheet

Enables companies to generate transaction records with contra account information.

N/A

Transaction Locking SuiteApp

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

Germany Tax Codes

• Tax Code Table for Germany

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:

• International Tax Reports (see Installing and Setting Up International Tax Reports)

• Supplementary Tax Calculation (see Setting Up Nondeductible Input Tax)

• Tax Audit Files (see Installing the Tax Audit Files SuiteApp)

Germany VAT Report

• What goes into each box – Germany Monthly/Quarterly VAT report

• What goes into each box – Germany Annual VAT Declaration

Provides information about how to generate the Germany VAT report in German or English.

Automatic Tax Code Provisioning

A feature of the International Tax Reports SuiteApp that automatically creates nexus and VAT/GST tax codes when you add a new subsidiary country.

EU One Stop Shop Tax Code Provisioning

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.

OSS Tax Code Provisioning for Regular NetSuite Accounts

Automatically provisions OSS tax codes for non-OneWorld NetSuite accounts.

Automatic Tax Record Provisioning for VAT Countries

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:

• SuiteTax Engine (see Installing the SuiteTax Engine and Enabling the SuiteTax Plug–In)

• SuiteTax Data Records (see Installing the SuiteTax Data Records Bundle)

• Tax Reporting Framework (see Installing Tax Reporting Framework)

• EMEA Localization (see Prerequisites for Installing the EMEA Localization SuiteApp and Installing the EMEA Localization SuiteApp)

• Germany Localization

Editing Default Tax Codes for Nexuses

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.

Setting Up Compliance Text on Reverse Charge Sales Invoices

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.

Germany VAT Report

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.

Generating Localized Country Tax Reports

Enables you to generate the monthly EU Sales List for Germany. For more information, see Generating Localized Country Tax Reports.

Germany Intrastat

Enables you to generate the Intrastat Supplementary Declaration – Dispatches/Arrivals report, which provide information about goods transactions involving another EU Member State.

For more information, see Germany Intrastat.

Germany Audit Files: GoBD Data Extract

Enables you to generate the GoBD Data Extract files. For more information, see Germany Audit Files: GoBD Data Extract.

Germany Electronic Bank Payments

• Setting Up Company Bank Records in Germany

• Setting Up Bank Records of Vendors in Germany

• Setting Up Bank Records of Employees in Germany

• Setting Up Bank Records of Customers in Germany

• Setting Up Bank Records of Partners in Germany

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:

• Electronic Bank Payments (see Setting Up Electronic Bank Payments)

• EMEA Localization (see Prerequisites for Installing the EMEA Localization SuiteApp and Installing the EMEA Localization SuiteApp)

• Germany Localization

Importing Electronic Bank Payments Data

Provides information about how to transfer electronic bank payments data such as your entity bank details (vendors, employees, customers) to NetSuite.

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.

Reconciling Bank and Credit Card Statements

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:

• Import your bank statement file. You have two options when using online banking:

  • Download the account statement from your financial institution or credit card company, and then import the statement to your NetSuite account.

  • Use the Financial Connectivity Plug-in to automate your file uploads through SaltEdge.

For more information, see the following topics:

Importing Data Using a Financial Institution Record -the following formats are supported:

• MT940

• OFX

• QFX

• BAI2

• CAMT053

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.

Importing Data Using Default Parsers — the following formats are supported:

• BAI2 TXT with UTF-8 encoding

• CAMT.053.001.06 XML with UTF-8 encoding

• CSV with UTF-8 encoding

• OFX

• QFX

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.

• Match imported Statement Transactions with NetSuite Transactions.

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.

• Submit the transaction matches.

For more information, see Submitting Matched or User-Cleared Transactions.

• Reconcile the transactions.

For more information, see Reconciling Transactions

SuiteCommerce Advanced (SCA)

SuiteCommerce and OneWorld

Set up SCA for a particular locale or for OneWorld.

SuiteCommerce Site Builder

Site Builder Overview

Set up site for a particular locale.

Site Builder and OneWorld

Set up site for OneWorld.