Accounting procedures

Accounting procedures

Persons not liable for payment of VAT

A less complex accounting includes accounting for customers that are not liable for payment of VAT and do not use cost centres; it is normally a service activity.

It particularly includes the following:

-data input of incoming invoices and payments,
-data input of incoming invoices and payments,
-input of other accounting documents, particularly travel warrants,
-calculation of interest and
-other accounting documents.

Persons liable for payment of VAT

A complex accounting system includes accounting for customers who are liable for payment of VAT and do not use cost centres. It also covers the input of tax records for VAT purposes. It includes the recording of documents and the recording of payment of a bank statement, particularly the following:

- manual input of incoming invoices – manual input of outgoing invoices,
- entry in the general ledger (line) – manual: it includes manual posting of bank statements,
- electronic transfer of incoming and outgoing invoices and payments.

A very complex accounting system includes accounting for customers who are liable for payment of VAT and have established cost centres or project management. It also covers the input of tax records for VAT purposes.

Charging of VAT and all related transactions

- registration/deregistration of persons liable for payment of VAT
- charging of VAT
- preparation of a recapitulative report
- other VAT-related transactions (VAT return adjustments, VAT deduction adjustment, Vat self-declaration, etc.).

Register of fixed assets

- registration of fixed assets based on minutes; upgrade of the existing fixed asset is considered an independent entry,
- calculation of depreciation of fixed assets,
- charging of VAT on disposal of fixed assets,
- printouts for stocktaking purposes.

Payment transactions

-preparation of payment orders and carrying out of payment transactions.

Other accounting transactions

- reconciliation of account balances (reminder letters),
- calculation of interest
- loan amortisation schedule,
- invoicing.

Administrative tasks

Other administrative tasks include the tasks that are not typical accounting tasks and are available either upon special order of the customer or as a result of the operation of and the compliance with contract provisions.

They include particularly the following:

- handling of documents,
- drawing up of letters,
- preparing proposals for compensation, cession and assignment,
- sending out reminder letters to late payers.