Summary
- Requirements for digital registered bookkeeping systems in Denmark have been established by the Bookkeeping Act and the Executive order. Providers of digital registered bookkeeping systems must comply with the requirements and have their system registered with the Danish Business Authority before marketing it in Denmark.
- Customized digital bookkeeping systems are responsible for ensuring that their system meets the requirements, which will be issued in 2023.
- The three main system requirements include support for registration of transactions, appropriate IT-security measures, and automation of administrative processes.
- Providers must also be aware of external applications and modules that may be associated with the system.
- Companies do not need to report their bookkeeping system to the Danish Business Authority, regardless of whether it is standard or customized.
Extract
”The system must support automation of administrative processes, e.g. sending and receiving standardized e-invoices and by allowing standardized accounting in accordance with a public standard chart of account.”
In other words, companies must be using a bookkeeping system which is capable of sending and receiving Peppol and Nemhandel invoices. It is not mandatory for the companies to actually use the e-invoicing functionality, but their accounting system must have it.
Source Danish Business Authority
Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
