## (CZE) Understanding Country-Specific Functionality for the Czech Republic

This chapter discusses:

- Czech-specific setup and processes that you use in addition to the standard setup and processes provided in the base software.

- Rounding for depreciation for fixed assets.

- How the system displays voided transactions.

### Czech Republic-Specific Setup and Processes

This table lists the country-specific setup and functionality for the Czech Republic.

Setup or Process | Description
UDCs (user-defined codes) | Setting up Czech-specific UDCs enables you to use Czech-specific functionality. You also set up some base software UDCs with Czech-specific values. Set up these UDCs to work with functionality for the Czech Republic: Financial statement reports See Setting Up UDCs for Financial Statement Reports. Currency rate uploads See Setting Up UDCs for Currency Rate Uploads. Stock reports See Setting Up UDCs for Stock Reports. European Union reporting. See Setting Up UDCs for Intrastat Reporting. See Setting Up UDCs for European Companies. Legal documents See Setting Up UDCs to Number Legal Documents. Delinquency notices See Setting Up UDCs for Delinquency Notices. UDCs to print invoices with an attached International Payment Instruction (IPI). See Setting Up UDCs for International Payment Instructions.
Next numbers | In addition to standard next numbering schemes, set up: Next numbers for cash desk documents. See Setting Up Next Numbers for the Czech Republic. Intrastat reporting. See Setting Up Next Numbers for Intrastat Reporting. Next numbers for legal documents. See Setting Up UDCs to Number Legal Documents.
Financial statement reports | To set up your system for financial statements reports for the Czech Republic, set up: UDCs See Setting Up UDCs for Financial Statement Reports. Cost center groups, account groups, and layouts for financial statement reports. See Setting Up Cost Center Groups for Financial Statement Reports. See Setting Up Account Groups for Financial Statement Reports. See Setting Up Layouts for Financial Statement Reports. To generate financial reports, run the Generate Financial Report program (R749110). See (CZE) Generating Financial Statement Reports.
Cash desk documents | Before you print cash desk documents, set up next numbering for cash desk documents. See Setting Up Next Numbers for the Czech Republic. Print cash desk documents to show income received and expenses paid in cash. See (CZE) Working with Cash Desk Documents.
Delinquency fees | Before you process delinquency fees, set up UDCs for delinquency notices. See Setting Up UDCs for Delinquency Notices. Use Czech-specific processing for delinquency notices. See (CZE and POL) Working With Delinquency Fees.
Currency exchange rates | Before you upload currency exchange rates, set up UDCs for the upload program. See Setting Up UDCs for Currency Rate Uploads. Use the Czech-specific program to upload currency exchange rates from the Czech National Bank. See (CZE) Working with Currency Exchange Rates.
Corresponding accounts | Use the Czech-specific program to print a report showing corresponding accounts. See (CZE) Reconciling Corresponding Accounts.
Intrastat reporting (setup) | See (Europe) Setting Up European Union Functionality.
Intrastat reporting (continued) | Czech-specific reports for Intrastat reporting include: Czech VAT Report (R74ZS020). European Sales Listing Report (R740018). You can use the other European Union reports if they meet your business needs. See (Europe) Using European Union Functionality.
Invoices and other legal documents | To set up and print invoices and other legal documents: Set up UDCs for legal documents. See Setting Up UDCs to Number Legal Documents. Set up next numbering for legal documents. See Setting Up Next Numbers for Legal Documents. Enter credit and debit notes. See Entering Credit and Debit Notes. Enter additional information for invoices. See Understanding Invoices for the Czech Republic. Print and reprint invoices See Printing Invoices.
Item reports | To set up and generate item reports: UDCs See Setting Up UDCs for Stock Reports. Run these reports: Stock Items Receipt Print (R74ZD012). Stock Document Print (R74ZD013). Item Balance vs Ledger Integrity Report (R74ZD001). See (CZE) Printing Reports for Items.

### Rounding for Depreciation for Fixed Assets

Czech laws require that depreciation amounts for fixed assets be rounded up to the nearest koruna (CZK), the Czech Republic's currency. When you run the Compute Depreciation program (R12855) when the value in the Localization Country Code field on the User Profile Revisions form is set to CZ, the system rounds up the calculated amount to the nearest koruna.

See Also

Understanding International Depreciation Methods

### How the System Displays Voided Transactions

In the Czech Republic, voided general ledger transactions typically are displayed by showing both the original transaction amount and the voided transaction amount in either the credit column for credit transactions, or in the debit column for debit transactions. In the standard software, the general ledger accounts are shown with the original transaction in the debit column and the corresponding voided amount in the credit column.

These programs and reports display voided transactions with both the original and voided transaction in the same column when the value in the Localization Country Code field on the User Profile Revisions form is set to CZ:

- Journal Entry (P0911)

- Account Ledger Inquiry (P09200)

- General Journal by Batch Report (P09301)

- General Journal by Account (R09311)

- Transaction Journal (R09321)

- G/L by Business Unit (R09420)

- G/L by Object Account (R09421)

- G/L with Subledger Totals (R09422)

- General Ledger By Category Code (R09470)

- Debit/Credit T/B by Category Code (R09472)

- Debit/Credit T/B by Object (R09473)