Configure the reference chart of ledger accounts ('RGS')
You can exchange even more financial reports digitally with requesting agencies such as the Tax Authority, the Central Bureau for Statistics, the Chamber of Commerce and the Banks. The use of ICT, together with the standardisation of reporting information with 'SBR', has resulted in an improvement of the exchangeability of data and the efficiency of the administrative process (recording and reporting).
However, the coding of the financial administrations often does not match the 'SBR' coding. You therefore need to create links and translations yourself in order to gather together the required data and to present it in the correct way. To simplify this, a group of enthusiastic experts from various public and private organisations in the financial administrative sector have developed the Reference Chart of Accounts ('RGS').
Advantages of the Reference Chart of Accounts ('RGS'):
- A (coding) standard for registering your financial administration with SBR
- Simplification and efficiency improvement in your reporting process
- Reduction of the number of translations (recoding)
- The reporting is less error-prone and accountants can deliver more complete reports.
Profit provides the base functionality for recording the RCL and linking it to the chart of ledger accounts in Profit. This functionality enables external reporting based on RCL reference codes. Accountants who export data from Profit financial administrations for reporting purposes and use CaseWare or connectors can use this functionality to export the data with the RCL codes.
The Reference Chart of Accounts ('RGS') is an important tool for entrepreneurs and intermediaries for setting up financial reports efficiently. This applies both for your own internal reports and for the external reports for authorities and banks such as the 'SBR' reports.
The 'RGS' is a collection of data elements from the financial administration, based on the charts of accounts most used in the Netherlands. Since all 'RGS' elements have a logical name and a reference ('mapping') to the Dutch Taxonomy and the Bank Taxonomy, using the 'RGS' leads to a reduction in recoding within the financial-administrative information chain. Less administrative effort and less chance of incorrect recoding.