This example file for printing invoices uses Cost centers for the setup of the Customer accounts instead of Balance Sheet accounts, so that invoice details will be excluded from the general accounting.
See also How to use a template
This template file for printing invoices uses Cost centres for the setup of the Customer accounts instead of Balance Sheet accounts.
This method presents the following advantages:
- it allows for exclusion from the accounting of details in the rows that make up the invoice document. Therefore, the balance sheet and income statement account cards will not display the invoice details but only the total amount.
- the invoice can only be registered at the time of receipt, which is useful if the VAT on cash received method is used.
- For VAT on cash received, the VAT code must be entered between brackets (Ex: [V80]) when recording the transaction. This way VAT will appear on the customer's invoice, but will only be calculated at the time of receipt in the recordings. Also check Clients and suppliers with VAT, using the Cash principle.
The same system can be set up for Income & Expense Accounting.
For further information on printing invoices, refer to the Creating invoices page.
Example of recording:
Chart of Accounts: