If a company is engaged in production, formulas can be used to simplify the entry of production. A formula defines the composition of a specific finished product, specifying the raw materials (components) to be used and their quantities. Each formula is linked to one specific finished product – it is […]
Entering a supplier prepayment invoice (for input VAT purposes)
A prepayment invoice has been received from the supplier and paid immediately. The goods or services will be received in the following month. Both parties are VAT-registered, and the input VAT is claimed back in the month the prepayment is made. If the net amount is 1000 euros or more, […]
Intra-Community supply report (VD) data and file export
The intra-Community supply report (VD) can be exported from the SimplBooks software as an XML file and imported into the e-Tax Board (e-MTA). The report data can be found under the VAT statement. Select the required period, the VD report data is located at the bottom of the report. By […]
Recording VAT paid on imports
When entering the purchase invoice for imported goods, use the VAT type 0% Import on the expense line. Customs broker services are often used when preparing the import customs declaration and paying VAT. The broker issues an invoice covering VAT and customs charges. Instructions for recording the customs broker’s invoice […]
Modifications in the fixed asset card
On the fixed asset card, you can, if necessary, change the depreciation rate, record an , or increase the value of the asset based on improvements made to it (using purchase invoices). According to Estonian financial accounting rules, it is not allowed to increase the value of an asset through […]
Movement of stock
Warehouse -> Movements Stock movements report data fields Period of movements – the period for which stock movements are displayed Warehouse filter – displays movements for the selected warehouse. If not selected, all active warehouses are shown Item filter – if an item is selected, the report shows its movements […]
Daybook
Accounting -> Daybook The daybook records the company’s transactions in chronologically by day. Each transaction includes the transaction date, a description, the debit and credit accounts, and the transaction amounts. Daybook data fields From – start of the period To – end of the period (by default, the report is […]
Main ledger
Accounting -> Main ledger The main ledger is an accounting register or record where a company’s financial transactions are grouped by account. Each account includes an initial balance for the selected period, a chronological list of transactions during the period, and a closing balance. Main ledger data fields From – […]
How to fill in details for a foreign client or supplier
Partners -> Clients and suppliers In the case of a foreign client or supplier, the data must be entered manually, as this information cannot be loaded directly from registers. If you have any additional questions, please write to us at support@simplbooks.ee
Accounts
Accounting -> Accounts SimplBooks includes a predefined chart of accounts, which you can adjust to match your company’s specific requirements. When adding new accounts, make sure to link them to the appropriate reports. Accounts are divided as follows: 1xxx – Balance sheet accounts (assets) 2xxx – Balance sheet accounts (liabilities) […]
