The R/3 System offers a number of features that are specifically designed to cover Philippine legal requirements and business practices, mainly relating to financial accounting and human resources. The main areas are as follows:

• Official receipt printing and management
• Withholding tax reporting
• Value-added tax reporting
• Customer account statements
• Functions for processing postdated checks
• Realized gains or losses from foreign currency translation for partial payments
• Localized version of the Payroll (PY) component, Payroll Philippines (PY-PH)

To allow you to customize your Philippine company codes more quickly, you can use the Philippine template in the Country Installation Program (RSCICO02).