Z4 Report
Z4 Report
Business Value
The Z4 report is a legal obligation for companies in Germany that make or receive cross-border payments exceeding 50,000 EUR. This statistical report is submitted to the Deutsche Bundesbank according to the Foreign Trade and Payments Regulation (AWV) and serves to record international payment transactions for balance of payments statistics. Failure to submit or incorrect submission can result in fines. The integrated Z4 reporting in Business Central automates this process, automatically identifies reportable transactions, and creates the required report files – compliance thus becomes a byproduct of normal business operations.
Cross-border payments of 50,000 EUR or more (or equivalent in foreign currency) are subject to reporting. The report must be submitted by the 7th business day of the following month.