On January 1st, 2007 Bulgaria and Romania will join the EU.
All our customers who do business with companies in these upcoming EU member states will have to modify their business solutions to reflect the transformation from non-EU to EU records.
The transformation of data related to the new EU countries will affect the following three main areas:
- setup of master data (e.g. customers, vendors)
- open but not posted transactions (e.g. sales and purchase orders)
- reporting (e.g. Intrastat, Recapitulative Statement).
The guidelines are available here.
Posted By Fee Nolan