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.