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E-Balance Sheet for JD Edwards users

Centric offers its E-Balance Sheet solution for JD Edwards customers

Paragraph 5b of the German Income Tax Act (EStG) establishes a regulation allowing modern and non-bureaucratic electronic communication of the contents of balance sheets and profit and loss accounts.

The fiscal authorities in Germany have been technically capable of receiving datasets according to these taxonomies since June 2012. A revised version of the taxonomy was announced in the letter published by the German Ministry of Finance (BMF) on 5/6/2012. These taxonomies are to be used in order to communicate annual accounts, which start after 31/12/2012 (www.esteuer.de).

Centric offers the following products and services:

  • Support in analysing the financial accounts produced in former years relative to the requirements for E-Balance Sheet, workshops for setting up allocation of your JD Edwards accounts to the current taxonomy
  • Software for displaying and creating the E-Balance Sheet for JD Edwards users including automated electronic communication of the E-Balance Sheet to the fiscal authorities