Staria Croatia Localization SuiteApp

Croatia Localization

Staria's Croatia Localization SuiteApp has localized features for business needs specific to Croatia. These features will help your company adapt to business practices and comply with business regulations or requirements. SuiteApp includes VAT reporting features, ECB Exchange Rate Integration, Financial Reports, and Sales Invoice Templates.

Key Benefits

Everything in One 

One package and everything that is essential for using NetSuite in Croatia. 

Fast and Easy 

No more hassle with searching the key components for implementation. This is an easy and fast NetSuite localization for the Croatian market. 

Best practices

The collection of best practices and bulletproof concepts that work for NetSuite in Croatia

Features

• VAT Reporting (PDV, U-RA, ZP, PDV-S) 
• ECB Exchange Rate Integration
• Financial Reporting
• Sales Invoice Templates

VAT Reporting

The VAT reporting features allow you to view and generate the reports directly from NetSuite. The files can be exported in XML format that follows the structure defined by Croatia’s tax administration office. 

This includes: 

• VAT Return (PDV) 
• Books of Received Invoices (U-RA) 
• EC Sales List (ZP) 
• EC Purchase List (PDV-S) 

What are the benefits? 

• Reduce the time and effort in preparing the reports 
• Ensure that the VAT transactions recorded in NetSuite are complete and accurate
• Review and reconcile the reports with ease
• Future-proof

ECB Exchange Rate Integration

From January 1, 2023, Croatia has adopted the Euro as its functional and local currency. The Croatia Localization SuiteApp includes an exchange rate integration feature with the European Central Bank and automatically updates the currency exchange rate list in NetSuite. 

What are the benefits? 

• Reduce the time and effort in updating the currency exchange rate list
• Up-to-date recording of foreign currency transactions

Financial Reporting

Most companies are required to compile and present annual financial statements in accordance with the Croatian Financial Reporting Standards or the International Financial Reporting Standards. 

The Croatia Localization SuiteApp includes: 

• Balance Sheet
• Income Statement 

The above reports are based on the rule of the structure and content of annual financial reports. The accounts mapping is based on the unified chart of accounts. 

What are the benefits? 

• Save time and effort 
• Real-time reporting

Sales Invoice Templates

Sales invoices (including credit notes) are printed in NetSuite typically using the Advanced PDF templates tied up to the transaction form or record. The Croatia Localization SuiteApp includes an invoice PDF template which you can use out-of-the-box or may serve as a starting point in case you would want to further customize based on your preference. 

What are the benefits? 

• Invoice compliance 
• Reduce the time to implement