The accounting law distinguishes between registered digital accounting systems and non-registered digital accounting systems.

For registered digital accounting systems, it is the provider’s responsibility that the accounting system complies with the law’s requirements for these, but for non-registered digital bookkeeping systems, it is the company’s own responsibility. The Microsoft Dynamics AX solution belongs to the non-registered digital accounting systems. Non-registered digital accounting systems must meet the requirements for the financial year starting on 1 January 2025.

Maintain your ERP system and meet the requirements of the new accounting law

Although Microsoft Dynamics AX is not on the list of pre-approved systems, it is not necessary to switch to a new ERP system. With axsolution’s modules, your current Microsoft Dynamics AX ERP system can comply with the new accounting law – significantly cheaper and faster than switching to a new system. You thus retain your current setup with historical data and user interface.

Requirements for the accounting program

• The accounting law system must contain a number of fields for information on the bookkeeping of each individual transaction: Registration date, transaction number, initials for bookkeeping, booked transactions must not be able to be deleted, corrected or backdated.
• Purchase and sale transactions must contain a number of information: Date of issue, Type of delivery, Amount, Sender and recipient, including name, address, and CVR number or SE number, information on the size of the VAT amount and payment information.
• Support reconciliation of the company’s accounting with the company’s bank account.
• Clearly show differences if an entry is not reconciled with the company’s bank account.
• Dynamics AX meets these requirements by default
• We are happy to help document that these requirements are met

Security

• The system must meet recognized IT security standards, including user and access management
• The system must automatically take a backup of all posted transactions and documents (full backup) at least weekly, unless nothing has been posted since the last backup
• The backup copy must be stored with an unrelated party, which must be presumed to meet recognized standards for IT security and on a server in an EU or EEA country

• Must be able to send and receive electronic invoices and credit notes in the Nemhandels format OIOUBL
• Must be able to send and receive electronic invoices and credit notes in the Peppol BIS format
• Must be able to send a message level response on receipt of an electronic invoice in the Peppol BIS format

Bank reconciliation

• Bank reconciliation must be done in the ERP system

SAF-T

Support the sharing of data by making it possible to generate a SAF-T file based on the Danish Business Authority’s instructions. Denmark has chosen to implement the full OECD package with 19 data areas in the next years. The first version it is only a few data areas

What can axsolutions offer?

axsolutions has modules to support Microsoft Dynamics AX to meet the requirements of the Accounting law.

axsolution’s solutions are in independent tables and screens and have no direct corrections in the standard Dynamics application.

Contact us and we will create a roadmap for your implementation of the new accounting law at info@axsolutions.com