NORWAY SAF-T Financial SAP Add-On

S4FN NORWAY SAF-T Financial SAP Solution

S4FN provides integrated solution for Norway SAF-T regulation for SAP. It is easy to integrate and implement. SAF-T XML is generated inside SAP.
- No upgrade or update is required.
- All required objects are shared via single transport.
- All objects are in S4FN namespace.
- Implementaion takes 4-6 weeks to be ready for production.

S4FN provides a felixible solution to meet your SAF-T needs integrated in SAP

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

Norway SAF-T Implementation

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

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

Norway SAF-T Maintanence Services

If you face any problems durign generation of SAF-T files, S4FN supports you to handle the errors. If any regulation change occurs S4FN adapts news changes and share the new transport order. In case of a custom need we can place a user exit for you to do your own changes.

Norway SAF-T Licencing

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

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 the requirement to provide accounting data for bookkeepers who have the bookkeeping available electronically must disclose accounting data in a given standard format. The new section 7-8 comes into force the first period with financial reporting starting 1 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 on 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 and share data with others, such as external auditors or between different accounting systems. The obligation to store the accounting information will be easier due to the fact that 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 finacial reports.

HOW TO TRANSMIT SAF-T FILES

Uploading via Altinn will be the main method for sending in SAF-T files. If you have large files over 200 MB (up to 2 GB in zip-files) you may contact the relevant case handler in the Norwegian Tax Administration.

REGULATION

The requirement will be applicable to any enterprise with bookkeeping obligations who use electronical accounting systems. Enterprises with less than NOK 5 million in turnover are exempt from the requirement. However, if these enterprises have bookkeeping information that are electronically available,the requirement will apply to them. It is the system suppliers who must adapt their accounting systems so that the systems can provide the new standard on demand. Enterprises with a bookkeeping obligation who have fewer than 600 vouchers a year, and hold their accounts in a text editor or spreadsheet programs are not included in the requirement, because these systems are counted as manual solutions and not an electronical accounting system, ref. NBS 6 section 4.