VAT Reporting
The VAT reporting features allow you to view and generate the reports directly from NetSuite. The files can be exported in XML format that follows the structure defined by Croatia’s tax administration office.
This includes:
- VAT Return (PDV)
- Books of Received Invoices (U-RA)
- EC Sales List (ZP)
- EC Purchase List (PDV-S)
What are the benefits?
- Reduce the time and effort in preparing the reports
- Ensure that the VAT transactions recorded in NetSuite are complete and accurate
- Review and reconcile the reports with ease
- Future-proof
ECB Exchange Rate Integration
From January 1, 2023, Croatia has adopted the Euro as its functional and local currency. The Croatia Localization SuiteApp includes an exchange rate integration feature with the European Central Bank and automatically updates the currency exchange rate list in NetSuite.
What are the benefits?
- Reduce the time and effort in updating the currency exchange rate list
- Up-to-date recording of foreign currency transactions
Financial Reporting
Most companies are required to compile and present annual financial statements in accordance with the Croatian Financial Reporting Standards or the International Financial Reporting Standards.
The Croatia Localization SuiteApp includes:
- Balance Sheet
- Income Statement
The above reports are based on the rule of the structure and content of annual financial reports. The accounts mapping is based on the unified chart of accounts.
What are the benefits?
- Save time and effort
- Real-time reporting
Sales Invoice Templates
Sales invoices (including credit notes) are printed in NetSuite typically using the Advanced PDF templates tied up to the transaction form or record. The Croatia Localization SuiteApp includes an invoice PDF template which you can use out-of-the-box or may serve as a starting point in case you would want to further customize based on your preference.
What are the benefits?
- Invoice compliance
- Reduce the time to implement
