NORWAY SAF-T Financial SAP Add-On

Makes it easy to build SAF-T XML for Norway in SAP

SAP Solution for Norway SAF-T Financial which leads the creation of the legal XML allowing you to flexibly manage the auditing process in your SAP environment.

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REGULATION

Norway SAF-T Financial

SAF-T Financial is a standard format used in the exchange of accounting data. SAF-T, or Standard Audit File-Tax, 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 Ministry of Finance has amended the Bookkeeping Regulation so that bookkeepers who have their bookkeeping available electronically must disclose accounting data in a given standard format. The new sections 7-8 comes into force in the first period with financial reporting starting on the 1st of January 2020 or later. Until then, the use of the SAF-T scheme will be voluntary. Businesses with less than NOK 5 million in turnover are exempt from this requirement. However, if these businesses do have bookkeeping information electronically available, the requirement will apply to them. The enterprises with a bookkeeping obligation are only obliged to submit accounting information in SAF-T format when in relation to a potential control, and upon request by The Tax Administration.

The introduction of the standard format will make it easier for those obliged to keep accounts to submit accounting records to public authorities upon request. It will also be easier to perform internal control audits and analyze or share data with others. The obligation to store the accounting information will also be easier because the SAF-T files will meet the requirements for storing this type of accounting information, presumed that the SAF-T file can produce all obligatory financial reports.

THE SOLUTION

S4FN NORWAY SAF-T Financial SAP Solution

S4FN provides an integrated solution for the Norway SAF-T regulation in SAP. It is easy to integrate and implement with the SAF-T XML being generated inside SAP.

N

Supports both SAP ECC and S/4HANA

N

Single transport includes all objects

N

All objects are in the registered S4FN namespace

N

SAP Cockpit to manage SAF-T reports

N

No upgrade or update is required

FLEXIBILITY

S4FN provides a flexible solution to meet your SAF-T needs integrated into SAP

The S4FN SAF-T SAP solution for Norway helps companies meet the requirements of the new obligation which was mandatory from the 1st of January 2020. Our solution creates the standard SAF-T file inside SAP. SAF-T files are then kept in SAP and can always be accessed from the S4FN cockpit.

IMPLEMENTATION

Norway SAF-T Implementation

S4FN provides a full implementation of the solution. You don’t need to maintain any settings on SAP. The customisation and settings are done in the add-on itself. File generation tests, check file content against the data in SAP developing some required additional features according to your system’s custom configurations, training and UAT tests are provided as part of the implementation. The resulting outputs are then tested against the Norwegian SAF-T Financial Schema XSD.

The Atinn test system can also be used for the testing of the XML with encrypted sections.

MAINTENANCE

Norway SAF-T Maintenance Services

If you face any problems during the generation of SAF-T files, S4FN supports you to handle the errors. If any regulation change occurs S4FN adapts the new changes and shares the new transport order without extra charges as part of the yearly support subscription. In case of a custom need, we can place a user exit for you to make your own changes.

LICENCING

Norway SAF-T Licencing

S4FN applies a one-time license fee and provides you with the right to change or update the program codes if you wish. If you prefer, you can do your own implementation with the provided documentation.

REGULATION

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