- Businesses in Germany using cash register systems must follow the “Ordinance on Technical Requirements for Electronic Recording and Security Systems in Business Transactions” (KassenSichV) which includes installing a certified security device, creating an interface to export data following the DSFinV-K standard, and developing procedural documentation.
- The DSFinV-K is a digital interface that facilitates the export of data from an electronic point of sale system during external audits, ensuring consistent data structure and terminology.
- The main goals of DSFinV-K standardization are consistent data for audits, archiving data, and streamlined verification.
- Failure to comply can lead to fines and potential store closures.
- Adherence to DSFinV-K and its associated regulations is vital for businesses employing cash register systems in Germany.
Source Tijana Milojevic
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