accounting in the nordic countries
DESCRIPTION
AccountingTRANSCRIPT
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Accounting in the Nordic countries
A tale from the trenches
[email protected]@elmatica.com
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High technology PCB broker based in Norway with branch offices in Sweden, Germany and Hong-Kong and several sales offices.
A little about what we do
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Our partners Tinderbox AS as leading partner
Bringsvor Consulting for set-up and accounting Moldeo (Argentina) for web interfacing
Environment Hosted in Norway Debian
Deployment Entirely based on remote cooperation
Our partners
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customers suppliers customer orders supplier orders
Current Data Flow
Odoo
Elmatica Complete Invoices
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Some changesDelivery address: Added VAT number.
Tax situation depends upon supplier country (from SO), customer country and Elmatica company.
Country of origin, added supplier to SO
4 digits in unit price
Invoice Layout
Tracking numbers from SO
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Invoice LayoutMore changes
When currency rates have changed in our disfavour between quote date and invoice date, we invoice the difference.
Company header and footer depends upon which Elmatica company we are invoicing from.
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Some customers demand electronic invoicing.Functionality for creating invoices in Elektronisk Handelsformat (EHF) created as part of the project. Sending over FTP to broker.Will be launched as separate module soon..
Electronic Invoicing
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Big subject. Requirements: Must be able to pay many invoices with one payment. Part payment and full payment. Currency rate difference must be separate per invoice. Allow for bank fees to be recorded easily. Start with bank payment information and record from
that received amounts in all currencies. account_voucher deemed inadequate.
Currency Handling
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Precise control over the amounts sent to bookkeeping.
Many bank accounts used (currency * company)
We may be able to adopt the bank reconciliation features in the future.
Currency Handling
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Total Control
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Each Elmatica company has a reporting currency which is the official currency of the country (NOK, SEK, EUR).
The bookkeeping currency for all companies is USD.
All amounts are recorded both in USD and local currency.
Reporting Currency
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Adaptations has been made to VAT report for Norway, Sweden and Germany
Custom intrastat module (developed by InitOS)
Invoice layout displays VAT amounts in reporting currency regardless of invoice currency.
Reporting Currency II
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SEPA payment advice with structured communication (KID) for Norwegian suppliers
Bank reconciliation Calculate commission and rebates Prepaid orders Payroll
Future improvements
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Sales flow integration Integrate with government portals
(Altinn, Elster) Expenses, HR Enhanced reporting
Future Improvements II
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web_easy_switch_company
web_export_view (for Excel)
From the Web Addons, OCA package.
UI Improvements
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Community modules:
web_easy_switch_company (www.grap.coop)web_export_view (Agile Business Group)account_voucher_killer (Camptocamp)account_reversal (Camptocamp)account_banking_pain_base (Akretion)l10n_se (Vertel)base_currency_update (NUMA Extreme Systems)base_cu_yahoo (updated for latest api changes from Yahoo!)
Overview of modulesModules developed in the project, but of general interest:
l10n_vatreportcurrency_lookupsend_ehfautolines
Elmatica specific modules:
elmatica_companieselmatica_vatcurrencyelmatica_account_voucherelmatica_completeelmatica_invoiceelmatica_partnerelmatica_intrastat_reports
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A lot of the issues are taken care of, especially within multi company accounting. Bank statement improvements Reporting Banking But maybe some remain in currency
handling
Good news: Odoo 9 is cool
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Torvald Baade [email protected]
www.tinderbox.no
Luis [email protected]
Questions?