31 January 2019

 

Mago4 Germany

In Mago4’s Germany Localization a new feature is coming, that will enrich the Financials area of Mago4 by complying the GOBD accounting standards required in Germany.

Edited by Marketing Department

Germany’s GoBD (“Principles for the proper management and storage of books, records and documents in electronic form, as well as data access”) set out requirements governing the accounting and storage of fiscally significant electronic data and paper documents with reference to the country’s generally accepted accounting principles (GoB).

This means that in Germany, Companies are legally required to export data for all transactions and master data from a fiscal year, and to provide this data to auditors within a reasonable time. The data must be collected in a specific file format, so that it can be imported to the auditor’s audit environment. This procedure is controlled by tax authorities; data that must be exported depends on the requirements for an audit. For example, a typical set of exported data includes master data and transaction tables such as Main accounts, Ledger, Tax codes, Customer, Vendor and Item master data, transactions, Fixed assets…

What does this mean in terms of audit compliance?

In simple terms, a technical solution (the ERP software product) must be designed to comply with the requirements of a tax audit. In cases like these, specific characteristics of the solution suddenly become extremely relevant: that’s why in the latest version of Mago4’s Financials Area, under the Germany localization, a specific functionality named GoBD-Export is implemented. With this new procedure, Mago4 exports the accounting transactions of a given period, in addition to the master data of customers, suppliers, chart of accounts and tax codes.

The GoBD Export procedure will allow the user to export data set of the Accounting tables (Accounting entries and related master data), generating .csv files complete with an index.xml, which the auditor can import and process independently.

The GoBD Export procedure will be present in Services | Financial | Accounting Procedures menu.

To know more about the functionalities, please get in touch with your reference reseller, or visit the Mago4 Help Center, where task guides are available to show GoBD - specific configurations, manage table group for export, and perform the export.




Close Up

Some important updates recently released concern the Digital Communications component for Mago4 and Mago.net, Italian localization.

Edited by Marketing Department

The updates of the Digital Communications for Mago4 and Mago.net contain some improvements for the electronic invoicing, with particular regard to the additional fields required by the Mass Market on the XML layout.

This update provides for a parameterization that allows you to use the Net Price as a Unit Price and, consequently, not to report on the electronic invoice the discount / increase applied to the Unit Value. The choice to hide the discount / increase can be made in general on the parameters of the company or individual customer and affects the XML of all documents subject to electronic invoicing of customers for which the parameterization will be valid.

The component replaces the one already present in Mago4 2.4 and Mago.net 3.14.6, and can be installed according to the procedure described in the HelpCenter.

It is important to remember that installation of the package does not require the updating of vertical or customized modules that may be installed together with the ERP software.

Updates to the Digital Communications component are available in the download area (on the "family" page of the related product) for Mago4 2.4 and Mago.net 3.14.6.

For any information please contact your refernce reseller.




webinar Calendar

Mago4 is always at the service of your business: take part in online appointments set for the next 6 months and discover the strategic role of your ERP.

Edited by Marketing Department

Today, more than ever, technology is constantly evolving and takes on an increasingly strategic role within the main business processes.

The ERP software is indeed a key element in business management, and has its plus in enhancing functionalities that go beyond administrative, accounting and financial management: collaboration, archiving and document management, marketing and sales.

To explore these and many other topics, Zucchetti offers you a cycle of free webinars focusing on the world of Mago4 and its drive towards strategic management of the company. Please note that these webinars will be held only in Italian language.

The calendar includes 10 informative appointments on a variety of topics, that will take place between January and June.

Get ready: in the next few months, with adequate advance notice of each event, you will receive an email with the session program and an invitation to participate in real time.

To subscribe, just follow the instructions on the invitation, but try to be timely: places are limited! If you can not participate in the webinar, do not worry: every meeting will be recorded so that you can always take advantage of the video by downloading it from Private Area and from MyZucchetti portal.

Are you ready? The first appointment is for January, 30th, when we talk about the efficient management of the administrative department thanks to I.Mago, the extended ERP!

From administration to sales force, passing through Business Intelligence and arriving to the warehouse and production capabilities: follow the online appointments and find out how Mago4 is able to support the growth of your company in a digital key.

For any information on individual webinars you can contact your reference reseller.



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