New feature Legal Entity Parameter for Z4 and Z5A Reports for Germany (Doc ID 2835888.1)

Last updated on OCTOBER 15, 2023

Applies to:

Details

Businesses in Germany must report incoming and outgoing payments higher than the statutory limit of 12,500 Euros, to the federal bank. They must also provide details of receivables and payables of foreign customers and suppliers respectively above a threshold of 5 million Euros. 

Following reports which are used to comply with federal reporting requirements:
-  Z4 Report for Germany – The Z4 Report for Germany reports all incoming and outgoing payments above a threshold of 12,500 Euros paid through a foreign bank account.
-  Z5A Report for Germany – The Z5A Report for Germany has two layouts, one for the Z5A Sheet 2 Report and the other for the Z5A Reconciliation Report. The ZA Sheet 2 Report shows the summary amounts of all outstanding receivables and liabilities of foreign customers and suppliers respectively in Euros as of a given date. The Z5A Reconciliation Report reconciles the aggregate amounts that appear on the Z5A Sheet 2 Report.

Starting with version 22A it is possible to specify a legal entity when producing the Z4 and Z5A reports for Germany. The Legal Entity parameter enables users to generate the reports for ledgers with multiple legal entities.

If you have set up ledgers with multiple legal entities, the Legal Entity parameter will allow you to generate the Z4 and Z5A reports for a specific legal entity, so that the reporting is appropriate and accurate for your organization structure.

Actions

 Steps to Enable

You don't need to do anything to enable this feature, it is by default added the new  filter for legal entity.

https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/22A/22A-financials-wn.htm#F21646

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