The Alta Via Germany Bundle

More and more German companies are choosing NetSuite as their central ERP and accounting solution.

Many German or Germany-based companies choose NetSuite as their central ERP and accounting solution. Over the years, we have made some valuable additions that improve working with NetSuite in Germany immensely. With the Germany Bundle, we offer you these additions in one product.

With the strong expansion of NetSuite in Germany and the associated investments into the further development of the software, some additions could become standard in NetSuite standard. Besides, we always have new ideas based on our daily practice too. In this respect, this bundle will experience changes over and over again.
Currently, the bundle includes the following subpackages:

New VAT rates valid between 1. July 2020 and 31.12.2020

The new tax rates of 5% and 16% and all other needed tax codes with the notional rate of 16% and 5% as defined by NetSuite can be added to an existing German nexus with a button on the German subsidiary.

You can switch sales transactions between the old and the new tax code. This might be useful as the tax code depends on the delivery date.

We also provide a script library to automate the selection of the correct tax code depending on the date. 

VAT Clawback

Payments by customers or to suppliers with deduction of cash discount requires, according to German tax law, a corresponding reduction of the proportional VAT. The payment transaction in NetSuite does not take this into account. This bundle ensures that an additional journal entry records the discount resulting from the cash discount with the corresponding tax code.

This also works for payments of several invoices and several tax codes.

Immutability of Bookings

After the GdOB once made bookings cannot be changed. NetSuite locks transactions against period-end changes and logs all changes, but changes are possible during open periods.

The bundle complements all transactions relevant to the booking with a “final booked” check box. After this check box is set, the transaction cannot be changed.

German Reporting Requirements

The bundle contains report templates for the HGB balance sheet and income statement, which will be adjusted to your specific chart of accounts.

In addition, we allow you to display bookings as “Kontenblatt” or “Summen- and Saldenliste”.

VAT-ID Check

NetSuite checks a registered VAT identification number only syntactically.

This bundle enables you to test EU VAT IDs with company name and address via the Federal Central Tax Office.

Tax Texts

The use of certain tax codes for invoices requires additional texts on the invoice. With the bundle, you can maintain these texts multilingually, they then will be printed on the invoice form.

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Deutsche Berichtsanforderungen

Das Bundle enthält Berichtsvorlagen für HGB Bilanz und GuV, die jeweils an Ihren konkreten Kontenplan angepasst werden.
Zusätzlich ermöglichen wir eine Darstellung von Kontenblättern und Summen- und Saldenlisten.

Im Bereich Reisedaten:

  • geben Sie den Start- und Zielort sowie die Abreise- und Ankunftsdaten und -zeiten ein
  • wählen Sie das Zielland aus
  • beschreiben Sie den Zwecks Ihrer Reise und erfassen bei Nutzung ihres privaten PKWs die gefahrenen Kilometer
  • zeigen Sie an, ob die jeweilige Reise einem Kunden oder Partner Ihres Unternehmens in Rechnung gestellt werden kann

Im Bereich Aufwendungen:

  • ordnen Sie Ihren Belegen eine Aufwendungskategorie wie Hotel, Flug oder Bewirtung aus der bereitgestellten Liste zu und erfassen Datum und Betrag, gegebenenfalls in einer Fremdwährung
  •  können Sie auch hier wählen, ob diese Ausgabe einem Kunden oder Partner Ihres Unternehmens in Rechnung gestellt werden kann

Im Bereich Reiseverlauf mit Pauschalen:

  • haben Sie in der anhand Ihrer Angaben zu den Reisekosten erzeugten Liste die Möglichkeit
    auszuwählen, durch wen die Kosten für einzelne Mahlzeiten und Übernachtungen auf der Reise übernommen wurden, falls abweichend vom voreingestellten Standard