NetSuite for Customers in Germany

NetSuite is a fully integrated cloud based solution for international companies. The software supports processes in Financial Management, ERP, CRM and E Commerce.

NetSuite supports many languages such as: English, German, French, Italian, Spanish, Brazilian Portuguese, Danish, Russian, Traditional Chinese, Simplified Chinese, Japanese, Korean and Thai. For detailed information for your country please ask us.

The software NetSuite is localized for over 60 countries. This includes providing features for country specific fiscal and legal requirements. Additional features are available as partner solutions.

For the German Market NetSuite provides the following features:

 German language is available for

  • user interface
  • printing documents
  • E Mails
  • Tax Reporting, etc.
  • Solution based on German tax rules (domestic, EU and international business)
  • Automated Interface to German Tax Authorities (Elster)
  • Intrastat Reporting based on German requirements
  • EC Sales List (ZM - Zusammenfassende Meldung)
  • File transfers for SEPA payments and SEPA Direct Debits
  • Bank data using the format MT940.
  • NetSuite was, according to the German IDW Auditing Standards 880, issue and use of software certificate reports examined (IDW from 880).

The certification of NetSuite and NetSuite OneWorld for Germany is based on the German Auditing Standard 880, "Issue and Use of Software Attestation Reports" (IDW PS 880) issued by the Institute of Public Auditors in Germany (IDW), ensuring compliance with Commercial Code (Handelsgesetzbuch), tax regulations defined in the Fiscal Code (Abgabenordnung), IDW Accounting Principles and generally accepted EDP-supported accounting and bookkeeping systems (GoBS). In principle, the Standard requires systems to provide controls, audit trail and reporting capabilities sufficient for a business to deploy Sarbanes-Oxley–like policies and procedures. The audit also covered the extraction of defined master data and transactional data from the system database into external files, allowing data relevant for taxation to be analyzed outside of NetSuite with standardized audit software routinely used by the German tax authority.

Alta Via Bundles for the German market

AltaVia is working constantly to enhance the NetSuite standard functionality provided for German customers. We understand the German business practices.

A subset of our German specific developments by AltaVia:

  • Record keeping Transaction Level:
  • Blocking and deletion logic for transactions in accordance with the requirements of German GaaP
  • Multi-level dunning process
  • Connection of POS systems.
  • German Travel Expense Module.
  • VAT claw back for discounts.
  • Account registers based on German Standards.
  • Trial balance based on German Standards.
  • NetSuite - DATEV interface (Export of master and transactional data).
  • Personal salutation in letters and emails.
  • Templates for HGB balance sheet sheet and income statement.
  • Subset/Support Chart of Accounts SKR03 / SKR04.

More about our products you can find here.

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