Accounting for invoices to be


At the end of the financial year, the invoices to be drawn up are valued at the amount of the goods delivered or the services performed and are deducted from the tax if the company is liable for VAT.
The accounting entries of the invoices to be drawn up differ according to whether they concern goods delivered or services performed.
For a delivery, debit account "4181 - Customers / Invoices to be established " and credit accounts "44587 - Turnover tax on invoice to be established" and "707 - Sales of goods" .
In the second situation, the account "4181 - Customers / Invoices to be drawn up" must be debited and "44587 - Invoice turnover tax to be established" and "706 - Provision of services" credited .
A counter-entry must be made at the beginning of the following financial year.
The delicate issue of VAT
There are situations in which VAT may be due when the delivery or the service is performed without even the invoicing being carried out .
In this case, an accounting entry must accompany the delivery or the service. It is to debit the account "44587 - Tax invoice on sales to establish" and credit the account "4457 - VAT collected" .

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