Jyrki Poteri from Tieto and Vuokko Mäkinen from Hawcon are telling about the new reporting code in Kauppalehti (20^th August, 2010). The new reporting code aims to ease accountant's work and to harmonize reporting practices in Finland.

Kauppalehti article in full lenght (in Finnish) available at

 http://www.kauppalehti.fi/5/i/yritykset/yritysuutiset/?oid=2 0100812969#kommentit

 The discussion about e-invoicing is beating around the bush, at least when it comes to banks involved in the process of exchanging data. Having had the pleasure of working some of the forerunners in electronic invoicing (both banks and operators) I wish to elaborate on the flipside as well, by releasing this note about the status of electronic invoicing in Finland. The opinions stated within are solely my personal and has nothing to do with any entity I might represent. I aim to be as objecti..

The EC drive to reduce administrative costs by 25% in SMEs by 2012 is surely worth all support - especially as SMEs represent 63% of turnover. But it is not possible to achieve this goal without moving resolutely into the accounting area - reporting to autorities can be streamlined with the same tools.

We now see a quite clear road to how this - and more can be achieved - based on the VAT directive proposal where enterprises with turnover up to 2m (20m+) are encouraged to move to cash-based acc..

From Deutsche Bank report:

"the bulk of the companies [SMEs in Germany] squander the sizeable efficiency

gains that come with the introduction of digital invoices. According to

estimates by researchers at the University of Hannover, the German

economy offers total cost-savings potential of around EUR 54 bn,

mainly in more efficient processes, i.e. in the immediate further processing

of invoice data in company bookkeeping and controlling

systems. Why don't more companies make use of digital invoici..

This is just a thought, more like a question for the experts.

 Even now it seems a bit difficult for a small company to start recieving electronic invoices. This might become a bit easier if the smallest companies could choose to recieve e-invoices into their internet bank like consumers nowadays can. They would only give a consent in the bank when opening the account and to the company sending the invoice.

 It would be enough if the picture of the invoice could show on his bank statement before..

Palkka.fi proudly presents a new feature starting April 2009:

A business using Palkka.fi can now save the salary files as a CSV-file instead of printing them out as paper files. The CSV-file can then be sent to the bookkeeper electronically. Up until now the files had to be printed out to be mailed to the bookeeping - where they had to be either typed or scanned into the accounting system. 

Thus the new feature builds up considerable savings both in time and delivery expenses for both parties. I..