S4FN Provides the solution for Norwegian SAF-T inside SAP. Create the SAF-T report with the legal XML format.

What is Standard Audit File-Tax (SAF-T)?

SAF-T is a standard format for the exchange of accounting data. The standard is the result of a joint development collaboration between the business community, the accounting sector and the Norwegian Tax Administration, based on a recommendation by the OECD. The standard specifies what accounting data is to be exchanged, and also the structure of the data.

Scope:

The SAF-T Financial is limited to the general ledger, the accounts payable and receivable transactions including all applicable master data.

Compliance:

It is not a requirement that SAF-T reporting must be an integrated part of the existing system solutions. It is possible to prepare reports in SAF-T format with your own tools.

From 2020, the requirement to provide financial information in the SAF-T format applies upon request by the Tax Authorities. The company is compliant if it can produce financial information in SAF-T format within a reasonable time after being requested to do so by the Tax Authorities.

INTEGRATED SAP SOLUTION FOR SAF-T

PROS:

• You can create the SAF-T report without any manual intervention

• You can manage the files in the secure environment of SAP

• It frees you from the need to use external software

• S4FN provides a human-readable format of SAF-T reports so you can validate them before sharing

• If you have more than one entity, manual management of them out of SAP can be problematic. It would be very manageable if you use a centralized solution instead.

• S4FN solution is an on-premise solution you don’t need any external cloud system to depend on

CONS:

Implementing a SAP project may require too much time and effort. With S4FN we minimized the effort by providing an add-on that is focused on generating and validating your SAF-T reports.