Business Central Hungarian localization

The system provides an automated, real-time connection to the NAV Online Invoice system in accordance with the XML 3.0 schema. Since version 3.0, the reporting requirement has been extended to include invoices issued to private individuals, EU taxpayers, and taxpayers from third countries. The module also handles invoice chains, correction documents, and self-billing.

It enables the structured export of the data required for tax returns (XX65A, XX65M, XX60A/VIES) to the ÁNYK application. The feature continuously follows the current statutory requirements and the amendments introduced each year, thereby ensuring that itemized annexes (M sheets) and reverse-charge VAT sheets (07/08) are always reported in compliance with the applicable regulations, for example on a HUF basis.

It supports the reporting of the use of supplier advances on Form M of the xx65 tax return. It handles the marking of purchase advances, the related VAT accounting settings, and the generation of data that can be imported into the ÁNYK system.

This solution allows you to download invoices submitted by suppliers to the NAV Online Invoice system into Business Central. After verification, purchase invoices can be generated from the downloaded data, which processes the data submitted to NAV.

A specific export feature designed to support audits, which includes detailed account information and general ledger entry data linked to technical contra accounts to improve the traceability of business transactions.

The module supports the preparation of reports for EKÁER (the Electronic Road Freight Traffic Control System), the compilation of shipments, the verification of required data, and the process of applying for an EKÁER number. The system monitors weight and value limits, manages statuses (Draft, Active, Closed, Deleted), and handles archiving.

A mandatory feature required by Decree No. 23/2014 (June 30) of the Ministry of National Economy, which allows the data from issued invoices to be exported in XML format for tax authority audits. The export can be initiated based on a date range or an invoice number range.

It supports mandatory data reporting to the Hungarian Central Statistical Office (KSH) regarding the movement of goods between member states. The module includes the necessary statistical data on the documents (VTSZ, net weight, country of origin) and generates automatic line suggestions for the declaration.

A detailed, itemized record of the tax items on outgoing and incoming invoices, which facilitates the verification of tax returns through various categorizations.

This localization introduces the concept of a VAT performance date that differs from the accounting date into the entire system, which is available on all documents, journals, and posted entries. On the purchase side, a separate field is provided for recording the Original VAT performance date to ensure compliance with legal requirements (e.g., the "three-step rule" for reverse charge, handling of late invoices).

It provides automated calculation of the VAT due date for transactions subject to periodic settlement under Section 58 of the VAT Act. The system calculates the correct due date based on the settlement period, the date of the invoice, and the payment due date.

For foreign currency invoices, this feature allows VAT amounts to be converted to Hungarian forints using an exchange rate determined in accordance with a method permitted under the VAT Act, even if that rate differs from the accounting date.

It allows you to combine multiple transactions into a single invoice while still accommodating different VAT due dates and exchange rates for each line item. The invoice header automatically displays the latest due date among the line items.

It handles the segregation of VAT items subject to the deduction prohibition, ensuring that the total amount of tax passed on is included in the 65M report, supplemented by the amounts of itemized deductible VAT.

Automatic display of the mandatory references required by the VAT Act (e.g., reverse charge, self-billing) on invoices, with translations for each language code.

It provides comprehensive cash management, including the issuance of cash receipts for standalone or cash-linked accounts, a denomination list, cash reports, and period-end closings.

It supports the configuration of customer and email templates required for sending e-invoices, the specification of the e-invoice type, and the management of hash values. It also assists in verifying the validity of received e-invoices.

It supports the issuance of advance payment requests, the automatic generation of advance payment invoices when matching payments, the offsetting of advances against the final invoice, and the Online Invoice report.

It allows you to offset customer and supplier payables and receivables against each other, as well as to document and record them.

As a scheduled task, it maintains a direct connection to the MNB’s exchange rate service, automatically retrieving the daily official exchange rates.

It enables the valuation of foreign currency cash balances in real time in accordance with Hungarian accounting rules, supporting monthly and year-end revaluations.

It supports bookkeeping in currencies other than HUF, while amounts related to VAT and tax returns can also be recorded in HUF. It manages exchange rates, automatic exchange rate updates from the MNB, and HUF-based data for ÁNYK and VIES returns.

It supports mid-year and year-end exchange rate adjustments for customer and supplier items and bank accounts. It handles filtering by customer, supplier, and currency, test mode, and separate tracking of revaluation types.

It supports the journal entry of general ledger items with different accounting and VAT reporting dates, such as in the case of ongoing transactions. It retrieves the relevant items based on the reporting period and filter criteria, then posts them to the VAT reporting date, ensuring that the tax account and the posted VAT items are in the same period and can be reconciled.

Template formats for quotations, order confirmations, delivery notes, invoices, and credit memos that comply with the substantive requirements of the VAT Act.

It allows you to select which of the company’s bank accounts should be displayed on various documents—such as sales or service invoices.

Handling of amendment and cancellation documents that are closely linked to the original base document.

Display of pre-defined, fixed, or language-specific translated text on sales and service receipts without requiring developer intervention.

Management of various tax ID numbers: recording domestic, group, EU, and third-country tax ID numbers on partner records, verifying their format, and including them on documents.

It supports checking the chronological order of strictly numbered documents based on numbering ranges. The system verifies whether the date of the new document follows the date of the most recent numbered document, and if there is a discrepancy, it displays an error message to indicate the problem.

It allows for the recording of write-offs and maintenance expenses related to fixed assets in separate general ledger accounts. It supports the separate accounting of sales, write-offs, transfers, and maintenance costs using transaction codes and maintenance codes.

It supports the preparation of reports related to fixed assets, such as asset cards, capitalization reports, disposal reports, and inventory lists. It assists in documenting asset movements, capitalizations, write-offs, and inventory counts.

It supports the approval of fixed assets, their identification via barcodes, tracking by location and responsible employee, bulk management, and the management of related reports and inventory processes.

It allows for the retroactive modification of dimension values in posted entries without reversal and supports the hierarchical management of dimensions and dimension values. It helps clarify analytical categories, reduces data entry errors, and improves the reliability of dimension-based reports.

When creating a new master record, it automatically generates and assigns the appropriate dimension value, thereby enhancing analytical accuracy.

Handling of automatic rounding in accordance with Hungarian cash payment rules (rounding to the nearest 5 Ft) for each currency.