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Staria Hungary Localization SuiteApp

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Staria Hungary Localization SuiteApp includes Real-time electronic reporting of invoice data, Invoice data extract in XML, Invoice/Credit Memo layout, Financial Statements layouts, HU Payment Templates

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Description

Staria Localisations

Staria’s localisations are designed to perform specific financial operations and payment processes according to local requirements. Typically, our localisations include the target country’s local payment templates, reference number calculations, European VAT code selections, and invoice layouts. With localisations, you get everything you need in order to implement NetSuite to a new market.

Key Benefits

As your business expands globally, you want to make sure that you can use NetSuite business platform in all countries you are operating in. With Staria’s Hungary localization, NetSuite users can ensure that financial management is localized efficiently and reliably, and with reasonable costs.

Localisation Hungary – Financial Services

Staria’s Hungarian Localization SuiteApp is designed to aid in performing specific financial operations and processes as per local Hungarian requirements. SuiteApp includes Real-time electronic reporting of invoice data, Data disclosure to local authority, Invoice/Credit Memo layout, Financial Statements layouts and Payment Templates.

FEATURES

Real-time electronic reporting of invoice data

The Hungarian National Tax and Customs Authority requires all domestic invoice transactions with another VAT-taxable entity to be reported in real-time. This feature enables automatic creation of xml file containing the invoice data real-time or on scheduled. The invoice data will be sent to the Hungarian Tax Authority via the XML file created. The feature also returns success or failure response from Hungarian Tax Authority.

Data disclosure for tax authority

A built-in function for data disclosure for inspection by the tax authority. This is designed to export data of invoices issued within a specific period designated by entering the opening and closing date (year, month, day).

Financial Statement Layouts

Income Statement (HU/EN) Balance Sheet (HU/EN)

Electronic Payment Templates

Supplementary to NetSuite Electronic Bank Payments Local/ Cross-borderFollowing EFT Payment File Templates for multiple banks and payment types are included. Payment file templates for additional banks can be added as billable work.

Invoice layout according to local requirements.

This feature ensures Invoice and Credit memo layouts follow requirements according to Hungarian VAT law.