For Oracle NetSuite
About the Add-on
Boss Info extends NetSuite LegacyTax and SuiteTax with the Oracle Value Add-on Solution Swiss Localization, which includes a wide range of adjustments to comply with legal regulations and address the specific requirements of the Swiss market.
The solution enables features such as rounding invoice amounts to the nearest 5 centimes, automated creation of Swiss payment files according to ISO 20022, and creditor-side processing of QR payment slips with address identification via tax ID, IBAN, or postal address. An automated Swiss VAT report is also included, featuring detailed line-level validation of transactions to ensure data consistency and tax compliance.
Optional functionalities like flat-rate taxation, automatic Swiss National Bank exchange rates, and Swiss number formatting for PDF documents further enhance the localization offering.
Requirements and Functionality
More aboutOracle NetSuite
5-Rappen Rounding
- When creating invoices, the final amount in Swiss francs is rounded to the nearest 5-rappen value. Any rounding differences are automatically accounted for in the VAT calculation.
- For cases without VAT – such as non-taxable transactions – Boss Info has also implemented a corresponding solution.
- Rounding is applied both on the printed invoice and within the related accounting entries, ensuring consistent representation in the financial accounting system.
Creditor-Side Processing of QR Payment Slips
Boss Info has extended NetSuite’s vendor invoice processing with a practical solution specifically tailored to Swiss requirements. QR payment slips (or their QR codes) can be scanned in advance, for example using a handheld scanner. All relevant data is automatically extracted from the QR code, with address identification based on tax ID, IBAN, or physical address.
Additionally, the system can suggest the posting lines from the most recent comparable invoice, further accelerating the process. This allows the entire accounts payable workflow to be handled efficiently and in accordance with common Swiss practices.
This functionality is available for both purchase order-related and standalone invoices.
Generate Swiss Payment Files
Boss Info’s Swiss Localization enables the automatic generation of electronic payment files in the ISO 20022 format, supporting both traditional bank transfers and QR reference payments. This allows for efficient, standards-compliant, and fully digital payment processing.
The solution supports all common payment types required by Swiss financial institutions and is fully integrated into NetSuite.
Prerequisite: The NetSuite Advanced Electronic Bank Payments bundle is required to use this functionality. It provides the technical foundation for generating and processing payment files within NetSuite.
Possible Extensions
Additional extensions are available to meet specific requirements of the Swiss market. These include support for flat-rate VAT schemes, automatic retrieval of official exchange rates from the Swiss National Bank (SNB), and formatting of PDF documents according to Swiss numerical conventions.
Other Boss Info Solutions
- Scan&Doc 3.5 (Accounts Payable Workflow)
- DCL 3.0 (Classification Validator)
- DACH Prepayment 1.4 (Prepayment Invoices)
- InvoiceReminder 2.0 (Dunning Runs / Payment Reminders)
- GL Reconciliation (General Ledger Reconciliation)
- CSVMailCapture (Automated Data Import from Emails)
- VAT-ID Check DE (VAT ID Validation – Germany)
- SFTP (Secure File Transfer Protocol Integration)
Upcoming Solutions
- EBICS
- ELSTER Tax Report / Interface
- CRM-Integrator
- Revenue Recognition
Questions about the add-on?
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