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You need an ERP solution that fits your business and budget. You want to improve your business processes and efficiency. You want to work with a SAP integrator with global expertise and experience.

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    In China, the Golden Tax System is a tax administration and monitoring system, with a key function being the control of VAT invoice issuance (fapiao). Fapiao are essentially legal receipts for goods and services, and this system helps the government track VAT payments and tax accuracy.

    As of December 2024, China has fully implemented nationwide digital electronic invoicing (电子发票), streamlining how businesses issue and manage fapiao.

    be one solutions’ Golden Tax Integration for SAP Business One

    To facilitate this, be one solutions has developed a dedicated Golden Tax interface system for SAP Business One. This system automatically generates invoices from the sales data in the SAP system, reducing errors and the cumbersome tasks associated with manual processing, while organizing complex data into a clear and easily readable format.

    Key Benefits

    Reduce Data Entry

    With the interface system, sales order data from SAP Business One can be imported into the invoicing system in a single step, eliminating the need for repetitive manual data entry. Additionally, the invoice number generated after billing is automatically returned to the sales invoice record in SAP, removing the need for double data entry.

    If discrepancies arise between SAP and the invoicing system, the interface can generate an adjustment Journal Entry to keep both systems aligned.

    Ensuring Data Consistency

    This solution ensures data consistency between the management system and the tax control invoicing system, helping businesses improve the effectiveness and accuracy of their operations while reducing errors caused by manual intervention.

    Simplified Invoice Split, Merge, and Reconciliation

    The Golden Tax Integration supports splitting or merging SAP invoices as needed. It can also reconcile AR invoices with AR credit memos, ensuring only the outstanding balance is invoiced.

    Integrated Data Entry and Printing

    The system integrates the data entry and printing processes, eliminating errors that can occur during manual operations. This significantly improves the accuracy of invoicing, ensuring that the invoices issued by the business are error-free.

    This integrated solution simplifies the transition to China’s digital tax landscape, helping businesses maintain compliance while improving overall invoicing efficiency.

    Frequently Asked Questions

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