What is the Bookeeping Act?
The Bookkeeping Act in Denmark requires businesses to keep accurate financial records for a minimum of five years. This includes maintaining transaction details, tax-related data, and audit trails. The act also mandates the use of approved digital systems for bookkeeping. It ensures transparency in business operations and helps prevent tax fraud. Odoo, as an ERP system, can streamline compliance by automating financial processes, generating audit-ready reports, and securely storing data. The act is a cornerstone of Denmark’s modern financial ecosystem.
ForgeFlow Cloud ERP has been certified a Standard Bookeeping System by the Danish Business Authority, under registration fob931558, meeting the requirements defined in the Danish Bookeeping Act.