e-Billanz in Germany
What is the e-balance sheet (e-bilanz)? E-balance sheet regulation is the legal obligation of entrepreneurs to electronically transmit the content of their balance sheet with profit and loss account to the tax office.
Who has to prepare the electronic balance sheet? Sine 2014, the electronic balance sheet is mandatory for all companies that are obliged to provide balance sheets and double-entry bookkeeping including:
Traders according to the commercial code
Business people as well as farmers and foresters who are subject to accounting requirements
In addition, the e-balance sheet must be prepared in the following cases:
Opening balance when setting up a company
Discontinuation of business in the event of a company sale or closure
Change of profit calculation method
Anyone who has to create an income surplus calculation (EÜR) is not required to be accounted for and is therefore not affected by the e-balance sheet .
Which data format must the e-balance sheet have? The file format for electronic transmission is XBRL ("eXtensible Business Reporting Language") which is an information standard for business reporting based on XML. It is specially developed for the automation of business information. Anyone who does not submit their balance sheet via a tax advisor must use accounting software that can process the XBRL format. This format is mandatory for the electronic balance sheet. How are the data of the e-balance transmitted? The electronic record is sent via the online portal of the fiscal authority called ELSTER for which a certificate is required. The certificate ensures the identification of the owner and allows him to send his electronic balance sheet via the ELSTER portal. Which data does the e-balance sheet have to transmit?
the tax balance sheet or commercial balance sheet with reconciliation
the tax profit and loss account
the profit and loss account
in partnerships, the development of the capital accounts
for sole proprietorships and partnerships the determination of the taxable profit
Fixed assets schedule (since 2017)
Tax comparison of business assets (compulsory from 2021, until then voluntary)
Tax modifications such as reconciliation or reclassification
How Can SNI Help You?
- A single partner for all
At SNI, our primary objective is to be the global partner to help our customers remain compliant in this new digital world.
- End-to-end solution all three
major steps in one single SAP add-on:
SNI covers all three 3 main layers for digital tax reporting and regulatory compliance
SNI Solution Architecture
Support for a long-term relationship
Main Features of SNI add-ons
- - Fully integrated into SAP without an external interface or use of external software
- - Globally registered «/SNI/» namespace for all objects
- - SAP Version independent. Supports SAP ERP 4.7 and higher and also S/4HANA versions
- - SAP release and upgrade independent; implemented without core modification
- - ABAP is the programming language
- - Installation is done simply by external transport file
- - All developments under a package
- - XML data stored in /SNI/ tables
- - Compatibility – working with XI/PI or e-invoice integrators
- - Standard SAP authorization used
- - User-friendly screens
- - Own customized tables
- - Own transaction codes and menus
Open-code applications, no dependency on vendor, fully working on SAP, developed entirely in ABAP language by SNI -a Certified Development Partner of SAP A.G. - . No need for any additional system or any extra web software (portal,etc.). and integrated with all modules.
Implementation of the solutions are simple almost as plug&play softwares while covering whole processes between legal authorities and firms. The maintenance and version upgrades are kept as simple as possible so that continuously changing legal requirement can be adopted very quickly.
Applications are designed by a team of SAP process and development experts. All processes are designed from an ERP and integration point of view considering users’ requirement and efficiency. Bottom line, efficiency of the end users is one of the main key points.
Continuous maintenance services are provided for each and every product with an online help desk and ticket management system. In a rapidly changing environment, upgrades by legal authorities are followed by SNI and applied to customers’ system on time based on a product version management system.