Can I specify in which period to deduct the invoices I receive?
Yes, Holded allows you to specify the deduction period for the invoices you receive, both purchase and amendment invoices. You can set this from the Deduction date field, which you will find under the Date option in the purchase and corrective purchase invoice editor. Please note that the Tax Agency allows VAT to be deducted from invoices received up to 4 years after the date of issue.
Is there a difference between the Date and Date of deduction fields?
Yes, the Date field is the date of the document and is used as a reference date:
in the purchase reports, in the list of expenses, in the dashboards and in the accounting entries.
On the other hand, the Deduction date, which indicates the tax period in which the purchase invoices and purchase amendment invoices will be included, is used as a reference date in the tax summary, for the calculation of the tax templates and in the field Deduct in later period in the SII options.
If the deduction date is not specified, the Date field is used as the reference date.
Do I have to enter each of the purchase invoices to see the deduction date?
No need, you can quickly check the deduction date you have entered on your purchase invoices by sorting the columns in the list.
Is it possible to see the deduction date in the invoice receipt book reports?
Yes, you can check the deduction date by means of the column Deduction date in each of these reports: Invoice Receipt Ledger, Invoice Receipt Ledger, Cash basis and Tax Invoice Receipt Ledger.
Is the deduction date taken into account in the tax summary?
Yes, Holded uses this date as a reference in both the VAT summary and the tax summary. To consult it:
From the VAT summary table: | From the tax summary table: |
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