This month, we’re introducing the data extraction tool called FAIA. It comes standard in the Luxembourg version of the Silicon ioi accounting and ERP software.
What is the Luxembourg FAIA file? It is a standardized computerized audit tool that is essential for accounting intended for the Luxembourg market.
At any time, the Administration of Domain Registration (AED) is entitled, as part of a tax audit, to request these data extracts from an accounting and management system.
The exchange format is XML. Details of the legal obligations in this area are available here: https://pfi.public.lu/fr/professionnel/tva/faia/faia-201.html
The market’s response was immediate. Many accountants in Luxembourg were waiting for professional accounting software developed for the Luxembourg market, and especially in the cloud.
The first accounting systems for Luxembourg have already been installed and set up. This is thanks to our network of resellers in Luxembourg. They are there to assist customers with installation support and usage guidance.
The cloud model opens up significantly more possibilities for this sector. Clients can already access their accounting files at any time on their own, with graphical representations of their results. Furthermore, there is a huge need for accounting staff, consultants, and certified public accountants to be able to work remotely. Flexibility, security, and convenience with the cloud.
See all news
