When entering credit note for inventory items, it is important to note that in order for inventory accounting to function correctly, the credit note must be created from the original invoice. This is necessary to ensure that the returned goods are assigned the correct cost price. In SimplBooks, it is […]
Sales margin report
Report -> Sales margin report Sales margin report provides an overview of the revenue earned from stock items (the cost of the purchase invoice subtracted from the revenue of the sales invoice). The report displays the article code, name, unit cost price, sales margin, and quantity sold. If an item has […]
Marking the credit invoice as paid (settlement)
The guide describes the process of marking a credit invoice as paid using a sales invoice as an example, but the same principle applies when dealing with purchase invoices. First, you need to find the credit invoice that is pending payment from the list of invoices. You can do this […]
Creating a credit note (services, not inventory items)
Creating a credit invoice for a purchase invoice and a sales invoice follows the same principle. Here, we will demonstrate the crediting process using a sales invoice as an example. Once you have found the correct invoice, click on the line to open it and select “Create credit invoice” from […]
Sales report
Reports -> sales report The sales report provides an overview of purchases made during the selected period, both in summary and by articles, suppliers, and projects. To generate the report, it is necessary to select the report period. The remaining fields are not mandatory. Based on the generated report, a […]
Purchase report
Reports -> Purchase report The Purchase report provides an overview of purchases made during the selected period, both in summary and by articles, suppliers, and projects. To generate the report, it is necessary to select the report period. The remaining fields are not mandatory. Based on the generated report, a […]
Sending an e-invoice
If a company needs to send e-invoices but does not need to receive them, this can be done directly from SimplBooks without the need for a contract with an e-invoice operator. Create a sales invoice, and after saving the invoice, select Actions -> Send Invoice. SimplBooks will automatically check the […]
Intra-Community purchases accounting (goods and services)
For the correct reporting of reverse-taxed intra-Community services and goods (expenses, not inventory goods) in the VAT report, it is necessary to use the correct expense accounts (described in the appropriate lines of the VAT report) and the correct VAT types. If the transaction involves intra-Community INVENTORY GOODS, you will […]
Intra-Community purchases accounting – inventory goods
For goods acquired intra-Community for which you want to maintain inventory records, you can use a separate inventory account (if there are goods purchased from both Estonia and outside the EU). By default, the primary inventory account is 1640 Goods Purchased for Sale – Warehouse 1. As a second inventory […]
Reverse taxation for external services
Reverse taxation for externally procured services operates similarly to reverse taxation for services and goods procured within the community. There is no separate VAT type for this in the default settings, but you can add it yourself. You will also need to update the VAT report settings to ensure that […]
