What's New: The Danish Bookkeeping Act (2023 release wave 2)
Business Central support for the Danish Bookkeeping Act. Existing features already cover transaction fields, the audit trail and bank reconciliation. New 2023 release wave 2 features are mandatory digital vouchers, a SAF-T module with chart of accounts mapping (demoed), a NemHandle registration notification, Danish e-invoicing on the e-documents core, VAT API submission and five-year voucher retention. Some of these were still work in progress and are due by the start of the next calendar year.
- Introduction and Overview
- Existing Compliance Features
- New Features Overview
- Mandatory Digital Vouchers
- SAF-T Module and Chart of Accounts Mapping
- Demo: SAF-T Export Implementation
- NemHandle Registration and Requirements
- E-invoicing and Digital Voucher Storage
- Data Retention and GDPR Compliance
- Summary and Resources
Overview
The video walks through how Business Central addresses the Danish Bookkeeping Act. It covers existing compliance features such as the audit trail and bank reconciliation, then the new features: mandatory digital vouchers, the SAF-T module, NemHandle registration, e-invoicing and data retention. It includes a demo of SAF-T export setup.
The presenter says the features belong to 2023 release wave 2 but will not all be available in October. They are expected to be finished for the beginning of the next calendar year, in time for the certification process. E-invoicing, VAT API submission and the retention setup are described as still in development.
Key points
- Digital vouchers: in Denmark, purchase documents must be attached before posting; sales documents are created and attached automatically by the system.
- SAF-T module sits on the audit file export app, with a Danish public standard chart of account and a standard VAT chart of account. Existing accounts are mapped to them and exported in SAF-T and CSV formats.
- Mapping to the public standard chart of account is mandatory for compliance. The demo showed the G/L Account Mapping and VAT Posting Setup for SAF-T pages.
- A notification appears if the company is not registered with NemHandle. If the CVR number is registered, Business Central verifies it and the notification disappears. Registration is required to use invoicing.
- E-invoicing for Denmark is based on the e-documents core module, with local formats and third-party access point connectors for NemHandle exchange. VAT submission through the Danish tax agency API is still work in progress.
- Digital vouchers must be stored for five years and cannot be changed by users or administrators. Production companies cannot be deleted once registered. Microsoft keeps data five years after the last fiscal year, then deletes it per GDPR.
- Existing functionality: the audit trail records registration date, transaction ID, user ID and system changes. Entries cannot be deleted, backdated or changed, so corrections need new entries.
Features
| Feature | Status | At | Evidence |
|---|---|---|---|
| Mandatory Digital Vouchers | announced | 6:25 | “all new plan features are part of 2023 release wave two but they will not all of them will be available in October they” (5:53) |
| SAF-T Module | announced, demoed | 7:43 | “all new plan features are part of 2023 release wave two but they will not all of them will be available in October they” (5:53) |
| NemHandle Registration Notification | announced, demoed | 11:21 | “all new plan features are part of 2023 release wave two but they will not all of them will be available in October they” (5:53) |
| E-invoicing for Denmark | announced | 13:45 | “invoicing in Denmark will be based on eents core module for our Global Market” (13:59) |
| Digital Voucher Storage for Five Years | announced | 15:10 | “this solution will be automatically set up and this is still work in progress uh we are we are finishing the these procedures but” (17:07) |
| Audit Trail for Transactions | status not stated | 3:34 | |
| Bank Reconciliation | status not stated | 4:52 |
AL objects mentioned
As heard in the captions. A name that matches one object page by exact type and name links to it; the others stay as named.
- page 5260 “G/L Account Mapping” at 9:03
- page “VAT Posting Setup for SAF-T” at 9:37
- page “Audit Document” at 10:25
- page 1 “Company Information” at 12:02
Not found in BC28-30: page “VAT Posting Setup for SAF-T”, page “Audit Document”.
Quotes
- 1:12 “Microsoft register Beil Central Cloud version in the first wave and solution will be certified as a standard solution as is this is what”
- 1:54 “every time we saw some required feature can be applicable for other countries we decided to deliver this as a global feature adding only”
- 5:53 “all new plan features are part of 2023 release wave two but they will not all of them will be available in October they”
- 6:45 “in Denmark you will be by default enforced to attach purchase document before posting it you cannot post document if you don’t attach uh”
- 13:25 “if you do not register your company in M handle you will not use uh you will not be uh situation to use invoicing”
- 15:27 “our system our standard bookkeeping system as a busy Central must support the storage of recorded bookkeeping transactions in digital vouchers for five years”
- 16:26 “we will not delete your data in your database this is not something Microsoft will do it and uh only what we are talking”
Disclaimers in the video
- 5:53 coming-later: all new plan features are part of 2023 release wave two but they will not all of them will be available in October they will be finishing next minors and ready for the beginning uh new calendar year
- 14:53 preview: this app is still work in progress and it will be finished soon so it will be ready for the beginning of usage of new BKP G and certification process
- 17:07 preview: this solution will be automatically set up and this is still work in progress uh we are we are finishing the these procedures but it will be on a time as I said for certification
Presenters (as heard): Alexander, Sasha.