Requirements for Netherlands

For customers to use Financials and 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