Automatic Pre-accounting of Incoming Invoices
Rethink your company's accounting processes and increase efficiency by automating the creation of your general ledger dispatch file.
VATONLINE PRE-ACCOUNTING MODULE
Fully automated pre-accounting process
Regardless of administrative system and size
The pre-accounting module is an automated, inbound invoice management system based primarily on invoice data reported by the company's vendors to NAV Online Invoice System. In addition, we also offer our customers a complete invoice processing solution using OCR (optical character recognition) technology.
The invoice data is processed through a verification and multi-level approval process built into the VATOnline engine. At the end of the process, a general ledger dispatch file is created, which can be imported into the company's accounting system, either manually or via a direct data link, without further modification.
Why choose the VATOnline pre-accounting module?
VATOnline pre-accounting module functions
Learn about VATOnline’s features developed by Deloitte to automate pre-accounting processes
Functions available as an integrated solution with direct system integration or as a cloud-based Software-as-a-Service (SaaS)
Optional functionalities beyond the core functionality provided by VATOnline's engine can be scaled or customised to meet your business needs
Legislative background
VATOnline's pre-accounting functionality ensures compliance with respective legislation:
- On 1 April 2021, the grace period for domestic companies to report all their issued invoices to the NAV in the Online Invoice system ended.
- All domestic companies report all invoices issued in real time, regardless of whether they sell domestically, within the Community or to a third country, and invoices issued to private customers are not exempt from the rule.
- The data reported by the supplier can be downloaded from the NAV Online Invoice system for customers and can be used in a variety of automated ways to increase efficiency and be incorporated into the accounting process.
Find out more about VATOnline's further features
