From February 2022, users of SAP Business One 10.0 must use the new ELSTER Rich Client (ERiC) version 35.2.8.0 in order to send the advance VAT return for 2022. A new version of the ELSTER AddOn for SAP Business One 10.0 has been released for this purpose. The new ELSTER AddOn for SAP Business One 2022 is now available for download.
Read MoreApply the final calculation correctly
The construction industry usually provides contractually agreed services over a longer period of time. The client is often issued partial and partial invoices. The final costs are then settled with the final invoice. With this final document, all outstanding claims for a project are settled, taking into account the instalments already paid. A prerequisite for a final invoice is that invoices for progress payments or invoices on account have been issued beforehand.
Read MoreWhat IT companies should consider when converting VAT
That the upcoming changeover of VAT for companies will not be as easy to deal with as it was announced should have quickly become clear to every entrepreneur. As an IT company in the broadest sense and with many customers from the IT sector, we naturally deal a lot with this topic.
Read MoreThe German Association of Tax Advisors reacts to the reduction in VAT rates
In a lengthy statement, the German Association of Tax Consultants has commented on the temporary reduction of VAT rates. The content of the text makes it clear that, according to the assessment of the tax consultants, the change in VAT is (literally) a "bureaucratic super-GAU".
Read MoreReduction of VAT 2020
The reduction in value added tax (VAT) is a measure to mitigate the economic consequences of the Corona crisis that has taken many by surprise. Many companies were literally caught on the wrong foot.
Read MoreApply partial invoices and partial invoices correctly
There are small but significant differences between a progress bill and a partial bill. Companies must therefore be careful when handling these types of invoices. Especially sectors such as plant construction or the building industry are affected by this. It's good when software provides support.
Read MoreAccounting explained: Sales tax pre-registration
Every business in Germany is subject to VAT. This means that it must pay the tax levied on sales to the tax office. At the same time, a company receives a VAT refund for the amount paid on purchases (input tax). In this way, VAT becomes a transitory item. The tax office wants to be informed regularly by the companies. This is done by means of the VAT advance return.
Read MoreWhy the new accounting guidelines are important for your business
Often it is the new additions to the GTCs or changes and additions to formal clauses that we tend to carelessly scroll over or consign to the wastepaper basket. However, companies should take the new accounting guidelines into account and check their ERP software.
Read MoreWhen you need an ERP system to write invoices
Bills are a tiresome topic. Basically, we like to write them just as much as we like to receive them: not at all. Nevertheless, every order for a company also means an invoice. That you don't type the wrong data into Excel or Word at the beginning
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