Can I specify the deduction period for the invoices I receive?
Yes, Holded allows you to indicate the deduction period for the invoices you receive, both purchase invoices and purchase refunds.
- Click on the Date field
- Then on Deduction date
This action will enable an additional field (Deduction date) on either your purchase invoice or purchase refund document.
- By using the calendar in this new field you can get to select the corresponding date for the deduction period
The Tax Agency allows you to deduct VAT on invoices received up to 4 years after the date of issue.
How do the Date and Deduction date fields differ?
The Date field is the date of the document and is used as the reference date:
- In the purchase reports
- In the expense list
- In the dashboards you generate in Holded
- In the accounting entry
On the other hand, the Deduction date, which indicates the tax period in which the purchase invoices and purchase refunds will be included, is used as the reference date:
- In the tax summary
- For the calculation of the tax forms
- In the field Deduct in next period, in the SII options
If the Deduction date is not specified, the field Date will be taken as reference
Do I have to re-enter the deduction period in the SII fields?
If you have already indicated the deduction date on your purchase invoice, open the document's SII options. From there you will see that the Deduct in next period box is already checked and with the tax period specified (Deduction period and Year of deduction).
Remember that to enable the SII options in your purchase documents, you will need to activate its gem from the Holded Store.
Do I have to check the purchase invoices one by one to see the deduction date?
No need, you can quickly check the deduction date you have entered on your purchase invoices from your expenses list. You just need to activate the Deduction date column.
Learn how to activate the deduction date column in your expense listing here
Is it possible to see the deduction date in the list of invoices received reports?
Yes, you can consult the deduction date by means of the Deduction date column in each of these reports:
Learn more here about how to consult the list of invoices received reports
Is the deduction date taken into account in the tax summary?
|From the VAT summary table:||From the tax summary table:|
Learn more about how to manage taxes here