Hans Bakker wrote:
Hi Jacopo,
I had my Dutch company on a simple version of the ofbiz accounting
system (no ledger) and this is exactly what i did. Separate the outgoing
and incoming VAT from the purchase/sales invoice (invoiceItemType) and
pay the difference to the taxman. These payments to the taxman should be
considered as 100% 'outgoing' VAT so that a balance can be kept...
.....however....I only know the case in the Netherlands....
Here it is required to pay the VAT to the taxman monthly on invoices
which have been sent out and received. It can however be that the sales
invoice is not paid yet, but the tax needs to be paid....and with a 19%
vat it can make cashflow problems...
The same in Italy: you pay the taxes every month but your customers pay
the invoices usually after 30 days (and sometime 60 or 90)... annoying :-(
Jacopo
But that is no problem for the system.....so your explanation sounds
good to me.
Regards,
Hans
