All the reports mentioned below provide country specific statements for VAT reporting which are required by Romanian Financial Authority.
This report is mandatory for all Romanian entities and should be provided on monthly bases. As the report does not have a static structure for all Romanian companies, our product offers wide variability of the possible output. The report could be generated into PDF or XLS format.
The report shows all the incoming invoices related to suppliers under the specific regime including the details related to all payments. The report is generated into the format requested by Romanian Fiscal Authorities and could be generated into PDF or XLS.
This report is mandatory for all Romanian entities and should be provided on monthly bases. As the report does not have a static structure for all Romanian companies, our product offers wide variability of the possible output. The report could be generated into PDF or XLS format.
The report shows all the transactions within European Community in the structure requested by Romanian Fiscal Authorities.
General Ledger Localizations consist of 2 programs used to prepare the data and 4 statements which are required by Romanian Fiscal Authorities. In order to be able to prepare all the reports correctly, 2 programs for Red Posting and Corresponding Accounts should be run. Our General Reports could be run for main Chart of Accounts, as well as for an additional Chart of Accounts specified in one of GL Categories.
There is a legal requirement in Romania to mark all voided transactions as well as Credit Notes in the system with specific sign. This requirement is ensured by so called Red Posting functionality.
Our product consists of 2 parts:
Automatic update of Red Posting Flag by a specific batch
Manual option to update Red Posting Flag by user
Both options update the Red Posting information of a document directly in F0911. The report updates a specific field in F0911 defined during an analysis with the customer. The report should be run before all other Localization GL reports as a prerequisite to show all the values correctly.
Corresponding Accounts Functionality is used to specify a contra account for all GL transactions as required by Romanian Fiscal Authorities. This report updates the custom table for the corresponding account information of each transaction which is refreshed with every run. The report should be run before all other Localization GL reports as a prerequisite to show all the values correctly.
The report shows individual ledger account balances and debit and credit turnovers for a period and YTD (Trial Balance with 4 equalities). It can also work with additional Chart of Accounts defined in a category and can be exported into PDF or XLS Format.
The report lists all the transactions for a certain period; the template is prepared based on Romanian legal requirements.
The report lists all the transactions for an account for a certain period; the template is prepared based on Romanian legal requirements.
The report lists all the transactions for the monetary accounts for a certain period; the template is prepared based on Romanian legal requirements.
This product was designed to print detailed information for each individual asset according to Romanian legal requirements.
This report has been prepared to print a list all the Fixed Assets in the structure requested in Romania.
The standard tax control file (SAF-T) is an international standard used for the electronic transfer of data from accounting and tax records, from taxpayers / payers to tax authorities and auditors.
SAF-T allows tax authorities access to taxpayers/ payers' accounting and tax records data, stored and processed in an electronic environment, in an easy-to-read format for substantial testing of system controls and data, using proprietary audit software, as part of a methodology that ensures efficiency and increased productivity in computer-assisted tax control.
SAF-T is an electronic XML file containing data automatically extracted from taxpayers'/payers' IT systems, exported and stored in a standardized format.
As of 1st July 2022, it is legally required for all Romanian entities to prepare SAF-T Report in the specific structure requested by Romanian National Agency of Fiscal Administration (ANAF).
In order to fulfil this legal requirement, Algotech has prepared custom solution developed directly in Oracle JD Edwards EnterpriseOne.
The key advantage of our Algotech SAF-T Reporting solution is full integration into Oracle JD Edwards EnterpriseOne as whole functionality is prepared using Oracle JD Edwards EnterpriseOne native development tools. The export files are generated from the system based on the data available directly in your ERP.
The key advantages are:
Solution is fully integrated into Oracle JD Edwards EnterpriseOne.
No need of any additional data extracts.
Whole process of XML Output file generation will be done in one ERP solution.
No need of further integration with other external tools.
Cost savings.
Our solution is split into the following parts:
Data Preparation
SAF-T Reporting XML Export File
In order to prepare XML Export File in the requested structure, further modifications of the affected data in JD Edwards EnterpriseOne tables are required. Our proposed solution includes data preparation into specific export tables which will be used as a basis for XML Export File.
Based on the data generated into our custom tables described in the previous chapter of Data Preparation, our XML Export File Batch will extract the data from Oracle JD Edwards EnterpriseOne in the structure requested by Romanian Fiscal Authorities for SAF-T Reporting. Our solution also includes error handling process to notify the users about missing or incorrect data during XML generation process.
As Romania obtained authorization from EC to apply Articles 178, 218 and 232 of the VAT Directive 2006/112/EC, starting 1st January 2024, it is mandatory for B2B invoices to be reported to Romania fiscal authority. The anti-VAT fraud reporting measure applied to all VAT registered businesses, resident or foreign.
Regarding the receiving of invoices, starting from 1 July 2024, only invoices that pass through the e-Factura is considered legal, registered invoices. The only valid format is electronic format.
All outgoing invoices have to be submitted to the Tax Portal within 5 working days after their issuance. This reporting can be processed technically, machine to machine communication. This also applies to modifying/rectifying invoices and annulment invoices. Users receive direct reply whether the invoice has been submitted correctly and whether any action from their side is required.
Solution covers XML data preparation and modifications related to JD Edwards EnterpriseOne Invoice Print program which is usually customized for each customer required.
Solution include application which tracks the status, and the history of the whole e-Invoice communication of JD Edwards and ANAF and simplifies users’ daily work with outgoing invoices.
Product is based on Oracle JD Edwards EnterpriseOne system standard functionality. Modul enables user to generate electronic payment orders, i.e. to generate text file. It is very easy to import generated text file to bank application used to communicate with bank.
The generated text file format is easy to set up in order to meet different bank requirements. The format setup does not require any program changes. It is possible to generate either domestic or foreign payment orders.
Main product advantages:
Product is based on standard Oracle JD Edwards EnterpriseOne functionality and enhances the payment module
Product reliability
Duplicate payments elimination
User time and work reduction
Easy and intuitive usage
Payment orders format flexible setup without any programming
Time-proved product reliability
The product functionality is fully integrated with Oracle JD Edwards EnterpriseOne system. It enables user to automatically import electronic bank statements received from bank. During bank statement import process, incoming cash receipts and outgoing payments are generated in the system and matched to the related customer or supplier vouchers (if matching criteria are found). Unmatched transactions can be processed manually.
The product allows to define electronic bank statement format with minimal programming effort. The implementation costs of additional standard bank format MT940 (within already implemented country or for new country) are minimized to the costs related to bank format setup. The whole functionality is covered by global license which is paid with first implemented format.
Main product advantages:
Automatic matching of 99 % payments
User time and work reduction
Easy bank statement imports
Easy imported bank statement to process
Easy electronic bank statement format set up or modification
Simple and clear reports related to the bank statement import
Time-proved product reliability
The product in addition to standard Invoice Print Program offered by Oracle JD Edwards, automatically prints all necessary phrases which should be used according to the origin of products or services, it works with advanced payments, tax documents and prints necessary tax summarization. The output could be adjusted based on individual requirements.
Our Service Desk will take care of all your requests and problems
Regular and ad-hoc reports make you sure, that your system is running perfect
Everything you need to know for developing, using and administration of your system
Can you imagine that any technical issue connected to your JD Edwards can be solved before you knew it has ever existed? With our monitoring tools we know what is going on with your JD Edwards at any time. When there is a sign of nonstandard conditions or behavior we can immediately respond and avoid further failures leading to more serious issues.
JD Edwards systems are monitored in our central support center 24x7x365 in the Czech Republic.
We can monitor and evaluate JD Edwards’ s performance indicators, so you know the load of your system and where the bottlenecks are. Based on gained information we can prepare further steps to remove these bottlenecks.
JD Edwards periodic checks by administrator make sure everything goes fine
