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The Croatia Localization SuiteApp has localized features for business needs that are specific to Croatia. These features will help your company adapt to business practices and comply with business regulations or requirements.
The Croatia Localization SuiteApp includes the following features:
VAT Reporting
ECB Exchange Rate Integration
Sales Invoice PDF Templates
Financial Reporting
VAT Reporting
The VAT reporting features allow you to view and generate the reports directly from NetSuite. The files can be exported in XML format that follows the structure defined by Croatia’s tax administration office.
This includes:
VAT Return (PDV)
Books of Received Invoices (U-RA)
EC Sales List (ZP)
EC Purchase List (PDV-S)
What are the benefits?
Reduce the time and effort in preparing the reports
Ensure that the VAT transactions recorded in NetSuite are complete and accurate
Review and reconcile the reports with ease
Future-proof
Currency Exchange Rate Integration with the European Central Bank
From January 1, 2023, Croatia has adopted the Euro as its functional and local currency. The Croatia Localization SuiteApp includes an exchange rate integration feature with the European Central Bank and automatically updates the currency exchange rate list in NetSuite.
What are the benefits?
Reduce the time and effort in updating the currency exchange rate list
Up-to-date recording of foreign currency transactions
Sales Invoice PDF Templates
Sales invoices (including credit notes) are printed in NetSuite typically using the Advanced PDF templates tied up to the transaction form or record. The Croatia Localization SuiteApp includes an invoice PDF template which you can use out-of-the-box or may serve as a starting point in case you would want to further customize based on your preference.
What are the benefits?
Invoice compliance
Reduce the time to implement
Financial Reporting
Most companies are required to compile and present annual financial statements following the Croatian Financial Reporting Standards or the International Financial Reporting Standards.
The Croatia Localization SuiteApp includes:
Balance Sheet
Income Statement
The above reports are based on the rule of the structure and content of annual financial reports. The accounts mapping is based on the unified chart of accounts.
What are the benefits?
Save time and effort
Real-time reporting
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