NetSuite localization Hungary
Financial services
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.
Staria’s Hungarian Localization SuiteApp is designed to aid in performing specific financial operations and processes as per local 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 Statements layout
Income Statement (HU/EN) Balance Sheet (HU/EN).
Electronic Payment Templates
Supplementary to NetSuite Electronic Bank Payments Local/ Cross-border. Following 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.
Key Benefits
Everything in One
One package and everything that is essential for using NetSuite in Hungary.
Fast and Easy
No more hassle with searching the key components for implementation. This is an easy and fast NetSuite localization for the Hungarian market.
Best in Breed
The collection of best practices and bullet proof concepts that works for NetSuite in Hungary.
Key Benefits
Everything in One
One package and everything that is essential for using NetSuite in Hungary.
Fast and Easy
No more hassle with searching the key components for implementation. This is an easy and fast NetSuite localization for the Hungarian market.
Best in Breed
The collection of best practices and bullet proof concepts that works for NetSuite in Hungary.
NetSuite App Verification
This verification is validated by NetSuite. BfN ensures that SDN Partners (SuiteCloud Developer Network) solutions meet NetSuite’s requirements both for security and overall quality.
Trusted NetSuite Partner
Staria is a member of the NetSuite SuiteCloud Developer Network (SDN), and the most rewarded NetSuite partner in the Nordics.
Why SuiteApp?
- All essential parts you need for financial localization are included.
- Fast implementation: 1-2-Go! Ready to use in a few days.
- This SuiteApp is validated by NetSuite (Built for NetSuite, BfN). Ensuring the requirements both for security and overall quality.
- Trusted partner: Staria is a member of the NetSuite SuiteCloud Developer Network (SDN). Staria is also the Partner of The Year 2018 and 2019.
