Tool for compiling data on payment practices for annual reports.
On January 1st, 2020, the 'Act amending certain acts to reduce payment backlogs. entered into force in Poland, the purpose of which is to reduce payment backlogs and strengthen the position of creditors in commercial transactions.
The legislator obliged entities to prepare a report on payment practices. The solution prepared by us allows for the preparation of a report on payment practices in accordance with the legal requirements of the act.
Failure to submit payment backlog reports by taxpayers on time will be treated as an offense for which they may be fined.
The report should be submitted to the competent state administration bodies electronically after the end of the year, no later than by the end of January of the following year. Reports on payment practices will be published, which will allow to assess the risk of concluding commercial transactions with these entities by other market participants.
The obligation to submit a report applies to the largest taxpayers of corporate income tax (tax capital groups and companies with annual income exceeding EUR 50 million).
The report should contain information on the value of receivables and liabilities, broken down into payment dates and the value of unrecognized receivables and liabilities not settled on contractual dates.
The solution includes the following:
The offered solution requires adjustment to the individual specificity of the process of settling receivables and / or liabilities realized in the SAP system in the case of partial and installment payments. Specialists from SE16N will guide you through the entire process of launching the tool in the SAP system:
Due to the variability of regulations and the probability of a possible need for further adaptation of the implemented product, we also provide product producer support services. As part of the Producer Support service, we offer the right to receive solutions updates published by SE16N, during the term of the service.
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