NORWAY SAF-T Financial SAP Add-OnMakes easy to build SAF-T XML for Norway in SAP
Norway SAF-T Financial
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.
S4FN NORWAY SAF-T Financial SAP Solution
Supports boths SAP ECC and S/4HANA
Single transport icnludes all objects
All objects are in registered /S4FN namespace
SAP Cockpit to manage SAF-T reports
No upgrade or update is required
S4FN provides a felixible solution to meet your SAF-T needs integrated in SAP
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 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 do your own changes.