Get mandatory reporting files for Lithuanian State Tax Inspectorate in a minutes
Introducing our cutting-edge solution designed to streamline and automate the extraction of accounting records data from SAP systems, simplifying the submission process to the State Tax Inspectorate of the Republic of Lithuania. Tackling the common challenges faced by users in manual data extraction, our platform makes it possible to do in a minutes.
Overview
Provide mandatory reports in a minutes
According to the Resolution of the Government of the Republic of Lithuania no. 699 of 1 July 2015, profit-making legal entities (compiling accounting records by technical means) must be prepared to provide accounting records in a standard accounting data file from 1 January 2018 onwards, provided that their net sales revenue for 2016 exceeded EUR 700 000, and from 1 January 2019 onwards – if exceeded EUR 300 000 in 2017.
Generate and submit reports easily
Solution is used by more than 40 clients already. It's simple and easy to use as have known user interfaces and requires only period for which file is generate and click button to extract. That's all from the user side.
Fits in to the safety and reliability used in your system as it is
The solution developed is a plug-in for the SAP S/4HANA accounting system, closely linked to the accounting system itself and implemented centrally. This means that it is safe and reliable for all large companies using centralized IT resource management and providing access to the system to affiliates or subsidiaries in many countries.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Utilities, Wholesale Distribution, Chemicals
Compatibility
Works with
SAP S/4HANA Enterprise Management
Features
Enhance Audit Efficiency and Ensure Regulatory Adherence
Solution empowers businesses by streamlining financial compliance processes. Companies can speed up and automate tax files submission process from days or months to seconds as this is automated and compliant to legislation, enabling organizations to focus on strategic initiatives and value-driven activities.
Check the success of the process in a Display log interface
Solution shows all steps which have been done during file extraction, do it have errors, problems, or process went smoothly. Also it contains entries extracted, amounts error or problem reason, etc.
Have all extractions done in a Overview Extractions interface
It shows extracted files list, keeping information of the extraction year, month, day from, day to, GL entries / invoices, Sales invoices, Open invoices, Assets for Period, purchase invoices, Goods Movements, etc.
Plans and pricing
All plans include:
i.SAF license
Data extraction and file generation can be done in the background like for many SAP programs
Short period data extracts are possible, e.g. monthly. One XML file is generated on the basis of all extracts done within the required period
XML file can also be split into several files by file size. The splitting is done by the solution
Includes 1 Unit Price unavailable in this region- Minimum contract 1 year
Data extraction and file generation can be done in the background like for many SAP programs
Short period data extracts are possible, e.g. monthly. One XML file is generated on the basis of all extracts done within the required period
XML file can also be split into several files by file size. The splitting is done by the solution
Includes 1 Unit SAF-T license
SAFT file can be generated in parts or in whole. The split depends on your choice
SAFT file or one part of SAFT generation minimum required period is one year. The maximum period of SAFT file is 5 years
If file generation period comprises different extracts for smaller periods, the gaps are revealed if any
SAFT XML file can be generated and submitted to the Authority portal in parts according to data type
XML file can also be split into several files by file size. The splitting is done by the system
Includes 1 Unit Price unavailable in this region- Minimum contract 1 year
SAFT file can be generated in parts or in whole. The split depends on your choice
SAFT file or one part of SAFT generation minimum required period is one year. The maximum period of SAFT file is 5 years
If file generation period comprises different extracts for smaller periods, the gaps are revealed if any
SAFT XML file can be generated and submitted to the Authority portal in parts according to data type
XML file can also be split into several files by file size. The splitting is done by the system
Includes 1 Unit
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Enterprise Resource Planning |
| Industry | Cross-Industry, Retail, Utilities, Wholesale Distribution, Chemicals |
| Works with |
SAP S/4HANA Enterprise Management |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
User Assistance provided Assistance is provided to enable all target users to install configure, and use the solution. |
| Globalization |
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| Operations |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
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| Compliance |
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Resources
i.SAF and SAF-T product
i.SAF and SAF-T implementation
Publisher
UAB InnoForce
UAB InnoForce, operating mainly in Lithuania, is an SAP Partner and a certified SAP Partner Center of Excellence (PCOE) in SAP Cloud ERP, SAP Cloud ERP Private, SAP Open On-Premise Solutions, Database and Data Management, Mobile Solutions, SAP Analytics, and SAP BAiO. We have extensive experience delivering solutions for finance management, the public sector, the health sector, and chemical sector management.
