The Danish Bookkeeping Act is entering a new phase in 2025, affecting how companies manage their financial records. Starting this year, medium and large enterprises using self-developed bookkeeping systems must digitize their accounting processes. Previously, this obligation only applied to companies using certified systems.
Key points to know
- New digital requirements from January 2025
Medium and large companies with custom-built digital bookkeeping systems must comply with the same rules as those using certified systems. These systems must ensure secure data storage, automatic backups, and support for processes such as e-invoicing and financial reporting. - Upcoming changes for sole proprietors
By July 2026, all businesses must use digital bookkeeping systems, including sole proprietors with an annual turnover above DKK 300,000 for two consecutive financial years. - Why the change?
The shift aims to create consistency in how companies manage and report financial data, ensure higher security standards, and improve efficiency across businesses of all sizes. - Responsibility for compliance
Companies using self-developed systems must ensure their tools meet legal requirements, including cybersecurity safeguards, audit trails, and seamless transaction tracking. For foreign or custom systems, businesses are responsible for meeting these standards without formal certification.
What your business should do
- Review your bookkeeping system: Ensure your self-developed system supports all mandatory features like automated reporting and secure storage.
- Prepare for the 2026 deadline: If you’re a small business or sole proprietor, assess whether your system will meet future requirements.
- Seek advice: Consult your financial advisors to confirm your setup is compliant.
Helpful resources
For detailed information on the legal framework and practical guidance, refer to the official documents:
Stay ahead of the transition by ensuring your digital systems meet the latest requirements and avoid potential penalties as new rules come into effect.
On January 29, 2025, we will host a Danish webinar that will also cover the Bookkeeping Act. On this page, you can find more information about the webinar and register.
