Always compare the balance sheet and the sales ledger as of the same date. Compare the “Unpaid invoices balance total” amount in the sales ledger with the closing balance of account 1210 Trade receivables in the balance sheet. If the “Total sum” and “Remainder” column totals differ in the sales […]
Transactions from sales or purchase invoices recorded in the wrong accounts
If the receivable amount from a sales invoice is posted to an account other than 1210 Trade receivables, it indicates that the wrong receivables account is set on the client card. However, if the sales income is posted to a cash account (the most common mistake), it means the wrong […]
Checking the balances of cash accounts (bank account, cash register)
Compare the bank account transactions in the main ledger with those in the online banking for the same period. Accounting -> Main ledger: select the account (example 1020 Bank account) and the period you want to check. If a company has multiple bank accounts, check the balances of all accounts. […]
Balance sheet is not in balance
If the balance sheet doesn’t balance, you need to find the reason. Check account 9999 Settlements of Accounts, this account must always be zero at the end of the day. If there is a balance, review the related transactions and make the necessary corrections. If new accounts have been added, […]
Importing bank transactions
Bank transactions can be imported into SimplBooks in three ways: If you have any additional questions, please write to us at support@simplbooks.ee
Turnover statement
Accounting -> Turnover statement The turnover statement provides an overview of account movements during the selected period. From – start of the period (by default, the beginning of the financial year) To – end of the period (by default, today’s date) Refresh – to update the data Filters – displayed […]
Transferring a stock item between warehouses
Warehouse -> Documents -> New document -> Inventory movement Inventory movement between warehouses is used when: the company has a main warehouse where purchased goods are received and one or more additional warehouses at separate locations goods are delivered for resale under consignment terms (guide in Estonian) Adding a new […]
Stocktaking
Stocktaking is an important tool to ensure that a company’s inventory is accurately recorded. Over time, data about the goods in stock may become inaccurate due to errors in stock entries, deliveries or sales. Stocktaking helps identify these differences and correct the data so that the recorded stock matches the […]
Integrations for receiving and sending e-invoices
Settings -> Integrations For receiving and sending e-invoices, SimplBooks offers the option to connect with Finbite, Envoice and CostPocket environments. Companies cooperating with trading partners can also activate an integration with Telema or Docura (2DOC and 4DOC solutions). These integrations do not require API support and are available in all packages […]
Recording domestic reverse charge for metal products (VAT Act § 41¹)
In the case of the sale of metal products listed in , the VAT type 24% Metal sales, exception must be used on the sales invoice. The income account for this VAT type must be account 4700 Metal sales under KMS p41 special arrangements. A reference to reverse charge is […]
