Is your business compliant with the new bookkeeping law?
Is your business ready for digital storage and bookkeeping from 2024?
On May 19, 2022, the Danish Parliament adopted a new Bookkeeping Act that requires companies to perform digital bookkeeping and digital storage. This means that companies’ bookkeeping and storage of documents must be done digitally from 2024 and subsequently other companies and associations with an annual net turnover of more than DKK 300,000 for two consecutive years.
Overall, the purpose of the new Bookkeeping Act 2022 is to facilitate companies’ administrative work through digitization and automation. It also streamlines the public authorities’ ability to control bookkeeping, making it easier for authorities to find and intervene against errors, tax evasion and financial crime.
Digital storage and bookkeeping saves time and physical storage space and ensures that your business complies with the new regulations.
Do you need advice?
Do you need help ensuring your business complies with the new regulations? We can help you.
Call us on tel. 48 48 57 57 or write to us to find out more about the options for your business.
We work with
New requirements for digital bookkeeping systems
The final guidelines for the new Bookkeeping Act have not yet been fully announced by the Danish Business Authority. There will therefore be further details to come, including:
- The requirements for functionality in digital accounting systems
- How accounting systems should communicate with public systems
At Pivot Partner, we only work with accounting systems that have already announced that they comply, or will comply, with the new legal requirements and future regulations. This includes Uniconta, e-conomic and Business Central 365.
The above is not an exhaustive review of the new Bookkeeping Act.
What our customers say
Medico company Qufora develops, produces and distributes medical equipment for bowel and bladder care and has collaborated with Pivot Partner since Qufora's start in 2009.Read more
Goldsmith Maiken Pade, who has a workshop and shop on Strandvejen in Hellerup, talks about the collaboration with Pivot PartnerRead more
Director of Kjærgaard Anlægsgartner, Marco Kjærgaard, talks about the collaboration with Pivot PartnerRead more
At Pivot Partner, we have a partner who goes the extra mile to understand our specific industry and takes a genuine interest in us and our day-to-day operations. This means that, in addition to possessing strong bookkeeping competencies, they are able...Tina pearson 
The collaboration with Pivot Partner provides great flexibility and control over bookkeeping expenses without compromising on quality. The cooperation is close and personal in day-to-day operations, and we consider Pivot Partner to be our own bookkeeping...Jacob Kam
Nimbus Motorcycles has revived the legendary Danish Nimbus motorcycle in an electric version. Pivot Partner is an important companion on the Nimbus journey, explains the CEO and founder of Nimbus Motorcycles.Read more
We have a highly competent bookkeeper at Pivot Partner, which has enabled us to focus on our own core tasks and passions rather than financial management. In addition, we benefit from valuable discussions about the company’s overall financial position...Simon Borbiconi
Headteacher at LOF Øresund, Susanne Henriksen, talks about the collaboration with Pivot PartnerRead more
We have a very good collaboration with Pivot Partner, who handle all our bookkeeping and accounting as well as the preparation for our auditor. We have grown from being a small startup to now having 10 companies and more than 100 employees. Pivot Partner...Morten Bøjland
Director Lars Kammer is a customer of Pivot Partner with both his companies, First Class Networking and NetCompass:Read more
Comfort Housing has been renting out apartments since 2011 to private individuals, companies, and embassies seeking housing for expats in Denmark.Read more
Pivot Partner is great to work with. They are always flexible, easy to reach, and respond quickly whenever we have questions.Peter Gram Poulsen
A good bookkeeper is extremely important to our business, and that is exactly what we have in our close collaboration with Pivot Partner. They bring a high level of diligence to their work, enabling them to identify patterns in the accounts and catch...Ayoe Marie Jurhagen
For our mutual clients, Pivot Partner provides bookkeeping, financial closing, and reconciliations, which form the foundation for our continued work. Where they finish, we continue with the annual report, tax accounts, and tax return preparation. The...Peter NordahlBenefits of digitization
Digitization creates more efficient workflows and provides a number of benefits for your business. You save time, reduce administrative work and get a better overview of your company’s finances. At the same time, your business will be properly equipped to meet the new requirements of the Danish Bookkeeping Act when the digital processes are set up correctly.
The new Bookkeeping Act from 2022 also requires companies to prepare descriptions of their systems and processes. This includes documentation of bookkeeping procedures that ensure ongoing registration of transactions and safe storage of accounting material, including clear division of responsibilities among employees.
Write to us
We strive to respond to all inquiries within 24 hours.
