Requirements for Netherlands

For customers to use Financials & Supply Management in Netherlands, Infor must meet the various statutory, legal, and cultural requirements of the country.

This list shows the requirements that are specific to Netherlands customers:

  • Accounts payable and purchasing
    • Payments in process suspense account - AP
    • Retrospective accounts payable reports
  • Accounts receivable and sales
    • Electronic formats cash allocation
    • Electronic formats cash posting
    • Penalty interest invoicing
    • Legal debtors
    • Restrospective accounts receivable reports
    • Direct electronic sales invoicing
  • Auditing and reporting
    • Electronic audit files
    • Central bank reporting
    • Balance sheet, profit and loss report, cash flow statement
  • Banking
    • Bank account format
    • Bank statement messaging
    • Customer direct debits
    • Credit transfers
  • Configuration
    • Currency rounding
  • Fixed assets
    • Separate fixed asset gains and losses
    • Low value fixed assests
  • General ledger
    • Multilevel, national, or double chart of accounts structure
    • Storno
    • Journal and voucher chronology
    • Accounting date
  • Taxation
    • EU sales listing
    • VAT declaration
    • VAT partial
    • Tax ID format
    • VAT settlement discount basis
    • VAT EU intrastat
    • VAT triangulation
    • Withholding tax processing
    • Withholding tax reporting
    • VAT reverse charge