| # Localizations for Germany This functionality is specific for Germany. This topic describes a number of localizations for Germany. For a complete list, refer to Germany - Localizations. Advance payments categories Businesses in Germany are legally required to make a distinction between advance payments that you make for: Intangible assets Tangible fixed assets Inventories Other assets In the Accounts by Financial BP Group (tfacp0110m100) session of the Accounts Payable module, you can select separate ledger accounts for the financial business partner group for each advance payment category. In addition, you can select or view the advance payment category, such as bank transactions, payment advice, and standing orders, in the sessions to which this applies DTAUS disk clearing format for direct debits To create correct German bank files for direct debits, you must select the appropriate collection procedure. In the Payment/Receipt Method (tfcmg0140s000) session, in the Session to Create Payments/Receipts field, select the Create German Bankorder for diskette (tfcmg1261m000) session. Next, in the Payment Method Procedure field you can select the following receipt method procedures for automatic direct debits: Mandate The direct debiting mandate procedure ("Einzugsermächtigungsverfahren"). If you use this procedure, the payer can reclaim the paid money within six weeks. Preauthorized The preauthorized collection procedure ("Abbuchungsverfahren"). If you use this procedure, the payer cannot reclaim the money. MT940 format bank files For German MT940 format bank files, you must use unique document numbers for the transactions of each transaction type. In the Document Numbers For MT940 (Germany) (tfcmg5107m000) session, you can define the document numbers. You can use the Distribution of MT940 Bank Files (Germany) (tfcmg5207m000) session to distribute bank files in MT940 format to the correct directories for the various bank relations. Z4 reporting The Z4 report is a report that lists incoming foreign payments to the Bundesbank, the German national central bank. You can use the Print Z4 Report (tfcmg3450m000) session to create a Z4 report. Z5 reporting The Z5 report is a German report of claims on and liabilities to non-residents arising from transactions in goods and services. The report includes claims on and liabilities to non-resident associated enterprises and non-resident businesses other than banks, to which you are linked through common interests. You can use the Print Z5 Report (tfcmg3455m000) session to print a report of foreign payments, which you can use for Z5 reporting in Germany. For details, refer to To set up Z5 reporting. |