On Feb. 29, DEN CRG issued executive order on digital bookkeeping.
DEN GVT published Executive Order BEK 205 on requirements for companies' digital bookkeeping systems that are not registered under the Bookkeeping Act 2022.
Document dated Feb. 29, 2024, received from DEN GVT Mar. 2, summarized Mar. 6.
Executive Order only applies to functions relating to the company's bookkeeping and its automation and not to other functions that are part of the digital service/software.
List of specific fields that must be included in the company's digital accounting system.
List of information assigned by the systems to each posted transaction; company must ensure record of changes; documentation's storage; at least weekly backup copies.
Ensure operational function of specific formats for electronic invoices and credit notes.
Effectiveness
The Executive Order will enter into force on Jan. 1, 2025.
Mar. 4, 2024 DEN CRG Update
On Mar. 4, 2024, DEN CRG highlighted it issued BEK 205 on digital bookeeping system.
Part of Bookkeeping Act 2022 implementation issued on Feb. 21 order on requirements for companies' digital bookkeeping systems that are not registered under the said Act.
It sets minimum requirements for specially developed bookkeeping systems adapted to individual company which must contribute to automating companies' bookkeeping.
This applies to requirements for document storage, IT security and automation, etc.
The conversion of digital bookkeeping systems, so systems support automation of the companies' administrative processes to greater extent, is essential prerequisite for being able to achieve estimated annual saving of nearly 2.9 billion DKK (net).
For accounting companies using non-registered bookkeeping system rules on digital bookkeeping in force on Jan. 1, 2025; for non-accounting companies using non-registered bookkeeping system rules expected to be in force Jul. 1, 2026 at earliest.
Mar. 7, 2024 Specially Developed Systems
On Mar. 7, 2024, DEN CRG highlighted that Bookkeeping Act distinguishes between specially developed bookkeeping systems and standard bookkeeping systems.
For standard accounting systems it is the provider's responsibility to comply with the requirements, but for specially developed systems it is the company's responsibility.
DEN CRG outlined requirements for digital accounting systems that are not registered on the Danish Business Authority's list of standard accounting systems.
Based on BEK 205 on digital bookkeeping systems, and Bookkeeping act.
