In the description below, Slovene practices will be referred to. Tax laws in your country may differ, so we stronly advise you to consult your accountant.

When accounting tax when using cash accounting, invoices issued and received are entered in tax records on the day that they are paid.

In order to correctly file information in tax records when using cash accounting, the Cash Accounting option in the VAT panel of the Administration Panel must be selected. Once selected, a date must also be entered in the Cash Accounting Start field so that the program will not include documents with a VAT date before this date will not be reincluded in tax records, even if they were paid within the period in which cash accounting was used.

Once you stop using cash accounting, a date must also be entered in the Cash Accounting End field and the Cash Accounting option must be unselected.

In order to correctly manage tax data in the cash accounting system, subject accounts must be properly organized. This means that all documents and their respective payments are posted using the correct links.

Before preparing tax ledgers and VAT accounts, it is recommended that you recheck all document posts and paysment and make sure that all items that remain outstanding are correctly entered.

Once the Cash Accounting option is selected in the VAT panel of the Administration Panel, additional parameters will appear in the following modules:

1.  Document Types settings

2. the VAT panel.

For a general description of this panel, see VAT.