Currently more than 35 companies registered in Romania are using BTS’s NetSuite Romania Localization bundle.
The solution allows the Oracle NetSuite ERP users with Romania-based subsidiaries to create reports intended for ANAF directly from Oracle NetSuite.
Reports for the National Revenue Agency (ANAF) – D300, D394 and D390 in xml format.
Purchase and Sales Ledger Reports – for internal and external audits and reconciliations.
Multi-book Oracle NetSuite feature is supported by the bundle, VAT can be reported from primary or non-primary book.
Automatic classification of transaction records.
The localization package supports unlimited numbers of VAT scenarios – intracommunity acquisitions and sales, reverse charge purchases, partial tax credits, reduced rates purchase and sales, etc.
Integration to the National Bank of Romania
for daily FX rates of the RON towards currencies published by BNR and used within the Oracle NetSuite system of the customer.
Daily email alert for changed entity data to designated customers.
The customers' and suppliers' records get updated daily with the latest information for them from ANAF.
You always have the most up to date information for the organizations that you deal with.
VAT Returns (D300 and D394) as well as VIES (D390) in xml format for all Romania-based subsidiaries that can be submitted to the local tax authorities (ANAF) directly.
The solution automatically maintains the transaction records in order to classify them correctly for their representation in any of the three VAT reports, as well as in the Sales and Purchase Ledger Reports.