Bilanz e-Bilanz Solution by SNI
Bilanz is a German language biweekly business magazine published in Zurich, Switzerland. The magazine was founded in 1977 as a successor to Wirtschaftsrevue and has since been part of Axel Springer AG, which also publishes Die Welt and World Kompakt.
Bilanz provides solidly investigated printed business journalism, and its articles cover a wide range of topics: economic research in the company sector, analysis of current events, services for investors, and advice on how to spend money responsibly. A central feature of the magazine is its annual list of the 300 richest Swiss people.
Its international perspective is reflected in the fact that it publishes an annual ranking of the world’s most successful companies and offers ratings within industries such as the hotel industry, airlines, private banks, and fondsmanagements. Moreover, Bilanz is known for its coverage of the economic situation in Switzerland and Germany, and the quality of its journalism.
The e-bilanz, or electronic balance sheet, is a new reporting requirement in Germany. In accordance with Section 5b of the Income Tax Act, certain taxpayers must submit their balance sheets (profit and loss account) in an electronic format to the tax authority by the end of each financial year. This reporting obligation was introduced in 2014.
SNI’s solution is SAP certified, and it covers the mapping of general ledger accounts to e-bilanz schemes (taxonomies). Once all the data has been extracted from the SAP system, it is sent directly via the ELSTER online portal.
XBRL is the electronic file format used to transmit the e-bilanz document. The format is based on XML, which is an information standard developed for the automation of business information.
In addition to e-bilanz, SNI offers a comprehensive suite of other e-transfer solutions, which are suited to the specific requirements of different tax authorities and industries. The company is also a partner of the European Union’s e-bilanz initiative, which supports the development of an efficient and secure electronic tax reporting system.