SAF-T in Bulgaria: Answers to the Most Important Business Questions

The introduction of SAF-T raises a number of questions for businesses – from what data is required to the role of the ERP system and the possibilities for automation. We have gathered some of the most frequently asked questions to provide short and practical answers. 
 

1. What data does the SAF-T file need to contain? 

SAF-T covers information related to various aspects of a company’s financial and accounting activities – accounting records, sales, purchases, customers, suppliers, products, and other data, depending on the specific requirements. 

More information about all requirements can be found at the following link. 

 

2. Can the SAF-T file be generated automatically by the ERP system? 

With a properly configured ERP system, the required data can be extracted and structured automatically. This reduces manual work and the risk of errors when preparing the file. 

NavTech Group has already developed а SAF-T solution for all users of Microsoft Dynamics 365 Business Central. Learn more here.

 

3. What happens if our data is stored in several different systems? 

This is common for companies that use a combination of ERP, POS, eCommerce, WMS, and other specialized solutions. In such cases, one of the key requirements for reliable SAF-T reporting is that data from the different systems is properly connected and synchronized. 

As a company implementing solutions that cover different aspects of the business, the NavTech team understands how important it is for information to move seamlessly between systems. 

For example, if orders from an online store are not automatically reflected in the ERP system, this can lead to data discrepancies, additional manual work, and a more complex SAF-T preparation process. This can be avoided by choosing a system such as Microsoft Dynamics 365 Business Central, which allows you to bring your business operations together and manage your data in one place. 
 

4. Can we prepare SAF-T using Excel? 

Excel can be a useful tool for analysis, checks, and additional data processing, but it is not a sustainable solution for preparing SAF-T when dealing with large volumes of data and multiple sources. 

A modern and reliable ERP system is key to ensuring a smooth process. With Microsoft Dynamics 365 Business Central, data related to financial and operational processes is managed centrally, making it easier to track, structure, and extract. 

When Business Central is integrated with the other systems used across the business, the required information can be processed much more automatically instead of being manually collected and consolidated across multiple Excel files. 

This does not mean that Excel disappears from the process – it can still be useful for checks and analysis. The difference is that the ERP system becomes the primary source of data, rather than Excel. 
 

5. If our ERP system can generate a SAF-T file, does that mean we are ready? 

Not necessarily. The ability to generate a SAF-T file is only one part of the process. It is equally important for the data to be properly structured, configured, and connected to the rest of the business processes and systems. 

This is where choosing the right **ERP partner** becomes essential. Preparing for SAF-T should not be viewed simply as adding new technical functionality. It is a process that requires an understanding of both the regulatory requirements and the way a particular business operates. 

An experienced ERP partner such as NavTech Group can help identify potential data inconsistencies, review existing processes and integrations, and ensure that the required information is reliable and traceable. 

 

SAF-T Is More Than Just Another Report 

Preparing for SAF-T can be an opportunity for businesses to reduce manual work, improve data quality, and better connect their different systems. 

When data is properly structured and processes are automated, the benefits go beyond simply meeting a regulatory requirement – they also affect the way a business manages and uses its information. 

By 2030, the scope of SAF-T in Bulgaria will be expanded gradually, with more businesses becoming required to submit their SAF-T reports on a monthly basis. 

If your company is preparing for SAF-T and you would like to learn more about the steps involved, book a consultation with the NavTech team.