The Hungarian localization package for Microsoft Dynamics 365 Business Central includes numerous enhancements, which we summarize below by category.
The localization ensures that the Business Central and Navision systems comply with Hungarian legal and accounting regulations. It places special emphasis on invoicing and document management, including online data reporting to the National Tax and Customs Administration (NAV), mandatory data requirements, and Hungarian invoice formats. Components of the localization include: Hungarian sales documents, documents treated as invoices, document text management, bank account selection on commercial documents, collection account management, invoice rounding accuracy, tracking of numbering ranges and date sequences, and support for e-invoicing.
Software compliance ensures that these functions remain in line with the evolving regulatory environment, guaranteeing up-to-date and auditable operations.
As part of the localization, the Business Central and Navision systems also support Hungarian VAT management and reporting requirements. This includes VAT analytics reports, VAT exchange rate management, and the management of VAT clauses and VAT dates.
The system manages group tax numbers and EU tax numbers, and also supports the accounting of non-deductible VAT. It ensures the management of VAT due dates for invoices with continuous performance, which is essential for accurate tax reporting.
In addition, the ÁNYK export feature is available, which enables the automatic generation of VAT returns (Forms A and M) for the Form Filler system.
As part of the localization, the system includes the NAV invoice import module, which enables the automatic retrieval and processing of data from the Online Invoice system. This ensures accurate and up-to-date recording of incoming invoices, reducing the need for manual data entry.
The solution supports the requirements of the Online Invoice system, including data reporting in accordance with the NGM 3.0 standard. Through continuous monitoring of regulatory changes, the system always complies with current NAV regulations. This ensures automated, auditable, and legally compliant operations in the area of invoice management.
As part of the localization process, foreign exchange management plays a key role, ensuring the financial compliance required for international operations. This includes the management of exchange rate services, which supports the automatic updating and application of official exchange rates.
The system enables the use of foreign currency general ledger accounting, as well as FIFO and average-cost valuation of foreign currency bank accounts. Additionally, it supports the management of revaluation processes, which allows for the periodic revaluation of foreign currency items to ensure accurate financial statements.
As part of the localization, fixed asset management is also available with enhanced functionality, tailored to Hungarian accounting regulations. This includes expanded chart of accounts, which enable more detailed and accurate accounting.
The system supports reports related to fixed assets, which aid in analysis and help meet reporting requirements. In addition, various supplementary functions are available to more effectively support the recording and management of fixed assets.
As part of the localization, advance payment management will also be implemented in accordance with Hungarian legislation. The system supports customer advance payment management, including the handling of advance payment requests, advance payment invoices, and their settlement.
In addition, the management of supplier advance payments and the reporting of their use are supported, including their reporting in the 65M tax return. This ensures that advance payments can be properly tracked and accounted for from both a financial and tax perspective.
As part of the localization, dimension management is also supported with expanded functionality, facilitating more detailed financial analysis. The system ensures the use of automatic default dimensions, which help establish consistent data entry. In addition, dimension hierarchy management is available, enabling more structured analysis, as well as dimension modification options, which ensure flexible post-entry data correction.
As part of the localization process, data exports are also aligned with Hungarian regulatory and audit requirements. The system supports exports linked to the ÁNYK Form Filler, which enables the structured generation of tax returns.
In addition, data reporting for tax authority data verification is provided, which supports the extraction of data sets required for NAV audits. Furthermore, auditor data export (AUDITXML) is available, enabling data transfer in a standardized format required for audits.
As part of the localization, additional modules are available that are tailored to the Hungarian operational and regulatory environment. This includes petty cash management, which supports the recording and management of cash transactions.
The system also handles the preparation of Intrastat declarations and the management of compensation transactions. Additionally, it supports EKÁER management, enabling compliance with mandatory data reporting requirements for road freight transport.
Comprehensive financial management, general ledger, accounts receivable management, and reporting. Supports multidimensional accounting and real-time financial analysis.
Planning of manufacturing processes, capacity management, and production tracking. It supports material requirements planning (MRP) and cost control.
Inventory management, transaction processing, and optimization of warehouse processes. Supports the management of multiple warehouses and locations.
Automation of procurement processes, order management, and supplier management. It helps optimize inventory levels and plan replenishment.
Basic HR functions, employee data management, and attendance tracking. Simplifies HR administration and reporting.
Organization, archiving, and retrieval of documents. It supports digital administration and paperless operations.
Manage service processes and track work orders and maintenance tasks. Supports customer service and repair operations.
