Electronic audit files – SAF-T

Requirement

It has become more common that auditors and some governments require audit information in electronic formats. The global standard was originally set by the OECD with their SAF-T format. This original standard has been adopted and is being adjusted by tax authorities in many countries around the world.

M3 solution

The creation of electronic audit files in XML or TXT format is supported by the M3 Financial Audit and Accounting module.

Configuration guidelines

Program ID	Program name	Description or comment
TXS035	Tax Reporting. Open Report Fields	Create type 4 codes with the appropriate details in the field values. See the detailed guidelines for (TXS035).
AAS300	Standard Audit File. Create	Generic XML – SAF-T. Define the folder for the output file. If applicable, define the MvxFileTransfer folder for the output file. See the M3 Core Administration Guide.

Settings for ‘Tax Reporting. Open Report Fields’ (TXS035)

Number	Description	Type	Length
001	Tax Accounting Basis	4	40
002	Tax Entity	4	15
003	Taxonomy	4	40
004	Product ID	4	15
005	Product Version	4	15
006	Header Comment	4	40
007	Email	4	40
008	Website	4	40