SMART Core Localization for Cyprus

SMART Core Localization for Cyprus extends the core functionality of Business Central to automate common tasks related to business operations and management in Cyprus. The solution is developed in compliance with local accounting practices and legal requirements.​

The primary goal is to automate the recalculations and adjustments of VAT transactions based on the customs exchange rates in accordance with legal requirements, as well as to facilitate the generation of VAT declarations. ​

Functionality:

• Import of exchange rates from the European Central Bank

• Pre-configured chart of accounts and accounting policy

• Possibility of integration with banks

• Recalculation of VAT entries at the customs rate

• Generation of a VAT declaration

Benefits:

• Diverse functionality and flexibility of the system

• Process automation

• Increased business productivity

• Compliance with the requirements of Cyprus legislation

• Flexible operational reporting

• Pre-installed ready-to-use VAT declaration

• Continuous improvements based on customer feedback

Supported Countries

Supported Languages