When an operating lease agreement is concluded, an initial payment invoice is usually issued. The amount is first recognized in the balance sheet as a prepaid expense and recorded as an expense over the lease term. An example with a lease period of 5 years (60 months) has been used. […]
Entering purchase invoices and view settings
This guide provides information about the fields available in the purchase invoice entry view. A purchase invoice can be entered manually or imported as an e-invoice. One way to access purchase invoices is to go to Operations -> Purchase invoices. If data has already been entered, you will see a […]
Expense reports (reporting person)
Expense reports make it easier to record expenses that a reporting person has paid in cash (or with a personal bank card) on behalf of the company. Expenses paid from the company’s cash register can also be entered here, but these should be entered on a separate report to allow […]
Email templates
Settings -> Environment settings -> Mail templates By default, there are seven email templates available – sales invoice, invoice reminder, sales order, purchase order, price offer, payslip and balance statement. By clicking the pencil icon, you can view and modify the existing template. The sales invoice template is initially filled […]
Company profile (data settings)
The documents issued by your company, such as sales invoices and quotations, must include your company’s basic information. This information is usually displayed in the footer of the document. Updating the data in your own environment does not update the information shown on the invoices SimplBooks sends to you. To […]
Automatic transactions
The automatic transaction settings specify the default accounts used in different cases. In new environments, these settings are already configured correctly, and in most cases no changes are required. Next, we will take a closer look at some of the sub-tabs. Settings -> Automatic transactions If you have any additional […]
Recording fixed assets acquired within the EU in the VAT statement
If you have acquired a fixed asset from a VAT-registered business in another EU Member State, it must also be reported on the VAT statement. To ensure that reverse charge mechanism is applied correctly, adjustments must be made in the VAT statement settings. Click the Actions button next to the […]
Transactions for VAT accounting and declaration
Output VAT is recorded on sales invoices, which represents the tax liability to the Estonian Tax and Customs Board. Input VAT is recorded on purchase invoices and can be reclaimed from the Estonian Tax and Customs Board if the expense is business-related. On the VAT statement, the calculation is as […]
Adding an import template
Settings -> Environment settings -> Import settings -> Add new import template If you frequently import data, you can create an import template containing the necessary fields for your convenience. In the General settings panel, you can define the technical settings of the import template. Name – the name of […]
Balance statement settings
Settings -> Environment settings -> Balance statement settings The balance statement text is shown to the customer or supplier on the balance statement that is sent out. It can be sent via Partners -> Clients and suppliers -> select the client/supplier and, from the Actions menu, choose either “Send balance […]
