SAF-T tax reporting in the Microsoft Dynamics 365 Business Central

Innoware offers Microsoft Dynamics 365 Business Central users assistance in setting up SAF-T UA tax reporting, in accordance with the requirements of Ukrainian legislation, and is also ready to provide support for the further correct operation of reporting in the system.

Dynamics 365 Business Central supports the creation of SAF-T files to ensure compliance with local tax regulations, especially in those countries where this data is required to be submitted regularly. The SAF-T report in Business Central is based on the company’s existing data in the ERP system and includes sections, in accordance with the requirements of the legislation:

• Header;
• Master Files;
• Tax Differences;
• General Ledger Entries;
• Source Documents.

Key benefits of using SAF-T in Dynamics 365 Business Central:

• Efficiency: automates the process of creating the necessary tax files, reducing manual labor.
• Compliance: ensures compliance with local tax laws, which helps to avoid fines. The basis for building the report is provided by Microsoft and is based on the experience of European companies.
• Accuracy: standardized reports reduce the risk of errors when filing tax returns or audits.
• Audit trail: a clear and transparent audit trail is created, which facilitates the audit process.

If your company already works in the Microsoft Dynamics 365 Business Central and you have trouble setting up SAF-T reporting, Innoware specialists are ready to provide you with appropriate assistance, namely:

• configuring the software for generating SAF-T files;
• compiling and uploading SAF-T reports;
• checking and testing SAF-T files;
• personnel training to work with SAF-T.

Adaptation of standard SAF-T reporting is individually configured for each company’s processes. If you work with previous versions of Dynamics 365 Business Central (Navision, Microsoft Dynamics NAV) or other accounting systems, then the data for reporting can be integrated into the environment of the latest version of the product, which has SAF-T functionality for uploading in the desired format.