COSMO Romanian Localization
COSMO Romanian Localization package contains specific functionalities, reports and declarations for Romania that are mandatory and required by the fiscal authority. These features are embedded and integrated with Dynamics 365 Business Central.
What's New in COSMO Romanian Localization version 18.0.0.0
In version 18.0.0.0 of the COSMO Romanian Localization package, two features were released:
- The XML file needed to be uploaded in the PDF file for Financial Statements (Balance Sheet and Income statement). For more details, see the Export XML file for Financial Statement section in downloaded PDF file.
- The XML files needed to be uploaded in the Smart PDF file for 394 Declaration, 390 Declaration and 300 Declaration. For more details, see the RO 394 Declaration , RO 390 Declaration (VIES) and RO 300 Declaration sections in downloaded PDF.
Romanian Localization Functionalities
Introduction
In addition to Microsoft Dynamics 365 Business Central functionalities for Financial Management, some changes had to be made to adapt the Microsoft Dynamics 365 Business Central functionalities to the Romanian legal requirements.
Objectives
This chapter explains how Microsoft Dynamics 365 Business Central can handle the major Romanian Accounting functionalities. It contains the following sections:
- Check VAT registration No by ANAF website
- RO Internal consumption
- RO Adjust Exchange Rates
- RO Close Income Statement
- RO Movement Correction
- XML file for Financial Statement
- Fixed Assets Subclasses
- Other functionalities