Under the ‘no-objection’ rule for the 2012 financial year, companies are required, from the 2013 financial year onwards, to, to submit the balance sheet and profit and loss account electronically to the tax office. The Income Tax Act requires this data to be submitted in accordance with the Tax Administration Simplification Act. For many businesses, this means that their financial accounting software will need to be updated.

hsp Handels-Software-Partner GmbH has developed the Opti.Tax software to enable the electronic submission of e-balance sheets. gff GmbH has integrated this software into its existing financial accounting software under the name ‘perfacto E-Bilanz’. Customers benefit from this integration partnership through ongoing developments and adaptations in line with changes in the law.

The Perfacto E-Bilanz module ensures that annual financial statement data is submitted in the prescribed taxonomy in XBRL format. Once the data has been validated and checked for plausibility, it can be sent to the relevant tax authorities in accordance with the regulations.

Integration for the future

gff Finanz- und Personalwirtschaftssysteme GmbH, a subsidiary of SHD AG, has integrated Opti.Tax OEM from Handels-Software-Partner GmbH.

From the 2013 financial year onwards, the balance sheet will be submitted to the tax office entirely in electronic form, which means that businesses and tax advisers must be prepared for this.

It certainly isn’t without its challenges, not to mention the fact that one has to familiarise oneself with a completely new structure. The tax office refers to this as „taxonomy“ and, at the same time, requires all entities subject to accounting requirements to familiarise themselves with it and apply it. It sounds like a lot of work – and it is.

Perfacto? Perfetto!

Software programmes and integration solutions that can handle taxonomies and all legal requirements perfectly can help with this. When integrated into an existing financial system, they make adaptation quick and easy. Take Perfacto, for example – the industry-agnostic, modular and multi-client financial management system from gff Finanz- und Personalwirtschaftssysteme GmbH. In collaboration with Handels-Software-Partner GmbH, one of the leading e-balance sheet systems has been integrated into Perfacto. Through this partnership, Perfacto’s range of services has been expanded to include the legally required e-balance sheet functionalities, whilst providing its users with the full range of features and user-friendliness of Opti.Tax.

Managing Director Josef Luhmer: „When we were considering the implementation of the e-balance sheet, we wanted an integrated and professional solution for Perfacto right from the start. Opti.Tax from hsp is a perfect fit and, together with Perfacto, enables end-to-end business processes.“

Perfacto is therefore not only one of the most comprehensive financial management systems on the market, but – thanks to Opti.Tax – also fully complies with the legal requirements for modernising and streamlining tax procedures. That’s exactly how software should be!