Electronic reporting (ER) is a tool to configure electronic document formats in accordance with the legal requirements of various countries/regions. This engine supports statutory/country-specific electronic documents, enabling you to manage these formats during their lifecycle.

ER has the following salient features:

• It is a good tool for producing TEXT, XML, and OPENXML worksheet formats
• It is designed for business users familiar with Excel-based formulas
• It easily adheres to changes in regulatory requirements
• Versioning is available to manage definition lifecycle

Other applications of electronic reporting include: 

• Financial auditing
• Tax reporting/GST/VAT
• Electronic invoicing
• EDI (Electronic data interchange)

Let's now take a brief look at the steps of configuring ER:

1. Sign in to Dynamics 365 for Finance and Operations, Enterprise edition and go to the Electronic reporting workspace:

2. On the Microsoft tile, click Repositories:

3. Go to Configuration repository to pick and choose statutory requirement-specific templates for importing to your environment:

4. From the ER workspace, click on the Configurations tile:

5. Click on designer from the ribbon:

The following is a summarized list of available ER configurations that are available in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition:

• Government Compliance: XBRL reporting and others
• Tax Authorities: Tax reporting, revenue/turnover, and more
• Banks: Payments, receipts, trade reporting, and more
• Customers: Electronic invoicing, EDI 810, EDI 857, and more
• Vendors: Electronic invoicing, payments, EDI 850, EDI 861, and more
• Localization through Global Tax Engine (GTE): Delivered via a taxable document model, which is a key input to the tax engine and leverages various taxable document types and tax document models