Implementing the electronic balance sheet (E-Bilanz)

Tax Management services
Implementing the
electronic balance
sheet (E-Bilanz)
Easy mapping and transfer
of the electronic balance sheet
Obligatory transfer of the electronic balance sheet
in the prescribed taxonomy
Companies must transfer their tax balance sheet, or alternatively their commercial balance sheet, along with a tax
bridge statement electronically to the fiscal authorities in
the form of a so-called “E-Bilanz” for financial years beginning after 31.12.2011. If a non-waiver regulation by the fiscal
authorities is claimed, the obligation for initial application
will be delayed until the second financial year, which begins
after 31.12.2011. The electronic balance sheet does not just
represent the modernisation of the taxation process through
the utilisation of information and communication technology.
It also stipulates a minimum volume of detailed information.
For the first time a detailed structure will be provided for the
financial statement and P&L entries as well as for additional
constituent parts of the reporting. This structure is called an
“XBRL - taxonomy”.
The electronic balance sheet or so-called
“E-Bilanz” will be obligatory in Germany.
With the Taxometer, we support you in
mapping your accounts to the taxonomy
and in transferring the electronic balance
sheet to the fiscal authorities.
Our solution
Our team helps you to implement the requirements of
the E-Bilanz in line with § 5b of the Income Tax Act (EStG).
In order to clearly identify the action required, KPMG has
developed a powerful yet compact solution: the Taxometer.
The Taxometer supports you in mapping your accounts
to the taxonomy in a reliable and efficient manner. It also
helps you to compile the fiscal deviations to the commercial
balance sheet. Finally, it securely transfers the electronic
balance sheet to the fiscal authorities.
Field-proven account mapping with the Taxometer
The Taxometer is based on a powerful hierarchical mapping
function which has helped numerous companies to achieve
a fast and targeted association of account structures to the
taxonomy. The Taxometer enables you to associate balance
sheet items, along with all subjacent accounts, in one step.
This significantly reduces the amount of work required
for mapping. Pending issues can be highlighted and documented during the process implementation. When account
­structures or taxonomies change, the Taxometer indicates
whether adjustments to the existing allocations are needed.
© 2012 KPMG AG Wirtschaftsprüfungsgesellschaft, a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International
Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks of KPMG International Cooperative.
Secure transfer of the electronic balance sheet
with the Taxometer
The test routines provided by the fiscal authorities for
the transfer of the electronic balance sheet are insufficient
to identify all errors. The extensive plausibility checks
­incorporated in the Taxometer mean that the necessary
report components are completed, validated and sent.
The required corrections are automatically highlighted.
Your benefits
Transferring the electronic balance sheet
• Double accounting and incorrect entries are avoided
as relevant values from previous years are incorporated.
• The XBRL file can be generated and validated prior
to sending.
Our specialists would be happy to advise you on your
specific needs and benefits. Please contact us for more
information.
Account association
• The mapping function is powerful and field-proven.
• Extensive validations ensure that incorrect entries
are largely avoided.
• The Taxometer does not need to be updated when
taxonomies are modified.
• A range of flexible import options (including to SAP
RFBILA00 and to tables from the new SAP general ledger)
allows for simple integration into your ERP system.
• The Taxometer is distinguished by its clear design and
ease of use.
Contact
KPMG AG
Wirtschaftsprüfungsgesellschaft
Ralph Doll
Partner
Head of Tax Management Services
T +49 211 475-7341
rdoll@kpmg.com
www.kpmg.com/taxone
The information contained herein is of a general nature and is not intended to address the
­c ircumstances of any particular individual or entity. Although we endeavor to provide ­a ccurate
and timely information, there can be no guarantee that such information is accurate as of
the date it is received or that it will continue to be accurate in the future. No one should act
on such information without appropriate professional advice after a thorough examination
of the particular situation.Our services are provided subject to our verification whether a
provision of the specific services is permissible in the individual case.
© 2012 KPMG AG Wirtschaftsprüfungsgesellschaft, a subsidiary of KPMG Europe LLP
and a member firm of the KPMG network of independent member firms affiliated with
KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG name, logo and “cutting through complexity” are registered trademarks of
KPMG International Cooperative.