Romania

Romania is now available as a country in LN. Various Romanian requirements are supported.

Master data

LN supports entry of organization numbers and VAT registration numbers for the company, suppliers, and customers according to the format and control methods applicable for Romania. Tax ID format: 2 to 10 digits; the last digit is a check digit.

Country specific reporting

With the report designer, you can personalize these reports to fit your business or local regulatory requirements:

  • Romanian trial balances
  • Trial balances of non-finalized transactions
  • Trial balances for two-dimension types

General ledger

These features are supported:

  • National chart of accounts structure: the first 3 characters represent the legal chart of account
  • Inventory trial balance
  • Multiple taxonomies
  • Intercompany with trade and logistics
  • Debit/credit handling
  • Periodic revaluation of open balances in foreign currencies to account for unrealized currency gains or losses
  • A standard general ledger interface to upload transactions from spreadsheet files or other legacy systems, either once or on a periodic basis
  • Printing of trial balances by account and/or dimension
  • External integration to export financial documents, general ledger balances and general ledger movements
  • Multiple accounting dimensions
  • Chess master ledger
  • Year and period closing routines

Cash management

The IBAN bank format is supported.

Petty cash handling

Print cash register is supported.

Payment transfers

These formats are supported:

  • MT103 format
  • MT100 format

Tax management

These features are supported:

  • VAT declaration: Requirements through configuration
  • VAT reporting: Sales Journal (“Jurnal de Vanzari”) and Purchase Journal (“Jurnal de cumparari”)
  • VAT payments in advance
  • Intrastat statement (XML)
  • Sales / purchase listing
  • D300 (XML)
  • D390 (XML)
  • D394 (XML)

Sales invoicing

The Sales Invoice template can be used as is or customized to each specific format. For invoices sent with advanced electronic signatures, it is mandatory to use qualified, certificated, and secure-signature-creation devices, as per Law No 455/2001 on electronic signatures.

Fixed assets

These features are supported:

  • Classification codes for Romania
  • Additional transfers
  • Inventory lists
  • Fixed asset transfer note
  • Printing of inventory list
  • Straight and declining operational depreciations and automatic changes
  • Different base values for depreciation
  • Parallel depreciation methods
  • Printing of historical values and other reports

Current assets

These features are supported:

  • The valuation of inventory at the lower of cost or net realizable value (NRV)
  • Other valuation methods for inventory, which include FIFO, LIFO, Moving Average Unit Cost (MAUC), Lot costing, and Standard cost
  • As an EU member state, listed companies in Romania report under IFRS rules and value their inventory and work in progress according to IAS 2

Receipt order (incoming) form

The “NIR (Nota de Intrare Receptie)” document for purchasing is supported. This document is printed for each item received for purchase orders.

Inventory transfer report

These documents are supported:

  • Raw materials document – “Bon de consum”

  • Finished goods document – “Bon de predare”

  • Inventory transfer between warehouses document – “Bon de transfer”

Sales transport document

The Packing slip / Delivery Note (Aviz de insotire a marfii) document shows details on transported goods, including the transfer of goods between two locations. It includes various details, such as information about sales, subcontractors, rentals, and repairs.

Intrastat (ILS Tstat)

The Infor Localizations Services Platform document flow for LCL_TStat4_TradeStatistics is now used to transform the Intrastat XML document that is generated from LN to a proprietary message that can be processed and accepted by the Romanian government. This process automates the Intrastat generation and converts the Intrastat XML file generated by LN into a SyncLCLTradeStatistics BOD.

In case of a goods transport transaction between Romania and another EU member state, an Intrastat transaction record is created in the Intrastat Transactions (tccom7171m000) session. This transaction can be processed in the Process Intrastat Transactions (tccom7271m000) session.

From the LCL_TStat4_TradeStatistics document flow, these activities are triggered:

  • Detection: Specific values are verified, such as Country of Origin, Number of Declarations, and Declaration Period.
  • Validation: Because the LCL_TStat4_TradeStatistics document flow is enabled for several countries, the validation mapping is used to route the data to Romania and apply the correct transformation process.
  • Transformation: The Intrastat XML file is transformed into a Sync.LCLTradeStatistics BOD, which is converted to a Proprietary Intrastat BOD that is accepted by the Romanian government.