Accounting made easy: Functions of modern bookkeeping systems
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** Nowadays, doing business requires more and more advanced tools and technologies. One of the key aspects of business is maintaining up-to-date contractor data, which is essential to keep transactions legal and correct. In this article, we will discuss how integration with CEiDG/GUS systems can facilitate this process by providing up-to-date information on your contractors, both domestic and foreign.**.
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CEiDG (Central Registration and Information on Economic Activity) is a Polish business registration system. It stores information on sole proprietors and partners in civil partnerships. The GUS (Central Statistical Office), on the other hand, is the institution responsible for collecting and providing statistical data on Poland, including information on businesses.
With integration with CEiDG/GUS systems, your company can keep its contractors' data up-to-date. The system automatically downloads and updates information using the white list of VAT taxpayers, making it easier to both verify data and control the legitimacy of cooperation. This will ensure that you have up-to-date information on foreign contractors, which is essential for safe and legal transactions.
Integration with the VAT VIES (VAT Information Exchange System) system allows you to quickly and easily check the data of foreign counterparties. This is an international VAT taxpayer information exchange system that allows automatic checking of data of entities registered in other European Union countries.
Integration with CEiDG/GUS and VAT VIES brings a number of benefits to your business:
By automatically downloading data from the VAT whitelist, you are assured that your contractor information is always up-to-date and accurate.
The process of verifying contractor data is simplified, avoiding errors and risks associated with incorrect information.
Thanks to integration with CEiDG/GUS and VAT VIES systems, your company will operate in compliance with regulations regarding VAT and other tax obligations.
Automating the processes involved in updating contractor data saves time and resources that can be spent on other key aspects of running your business.
Implementing integration with CEiDG/GUS and VAT VIES in your business can be relatively easy if you use the right tools and services. Many enterprise solutions (not just ERP) offer integration with these systems, making the process of updating contractor data easier. That's why it's a good idea to choose software that supports these features and invest in the right system configuration to take advantage of the benefits of automatically updating contractor data.
Keeping contractor data up-to-date is crucial to running a legitimate and secure business. Integration with CEiDG/GUS and VAT VIES systems allows for automatic updating of counterparty information, ensuring that transactions are carried out smoothly and legally. So it's worth investing in such solutions to simplify the process of verifying contractor data and focus on growing your business.
*This post is for informational purposes only. For legal or accounting advice, go to your lawyer/accounting firm.
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