Adding financial data

Adding financial data is necessary for Daato to calculate your specific taxonomy eligibility and compliance. You can then choose whether to use the simple or the more advanced method. The difference: with the simple method, you only provide total sums, while with the advanced method, you include every single booking.

Here’s how it works in detail:

1. In both processes, you specify the total revenue, CAPEX, and OPEX of your company.
   
   To calculate how much of your revenue, CAPEX, and OPEX is taxonomy-eligible and compliant, we need the total values. You can simply enter these into the corresponding fields.
   
   
2. You assign your revenue, CAPEX, and OPEX to your activities (and possibly sub-activities).
   
   You now need to assign partial revenues, CAPEX, and OPEX to your activities and sub-activities. This is the only way Daato can calculate the percentage of taxonomy eligibility and compliance. There are two ways to do this in the system:
   
    
   1. Simple: You enter the overall numbers per activity, i.e., the revenue, CAPEX, and OPEX per activity or sub-activity.
      
      
      
      
   2. Advanced: You upload all financial accounting entries from the revenue, CAPEX, and OPEX categories and then assign them to the respective activities or sub-activities. This allows you to document the entries directly in the tool, which can be useful for auditors. To simplify this process, you can also upload an accounting standard. There is a dedicated menu for this in the module. There, you can assign specific accounts to the revenue, CAPEX, or OPEX criteria, ensuring that the entries are assigned to the correct categories when uploaded into Daato.
       
      
      
      
3. Daato calculates taxonomy eligibility and compliance.
   
   Once you have added the financial data for your entire company, as well as the activities and sub-activities, Daato automatically calculates your taxonomy eligibility and compliance in the background.