Hi Pierre As always tanks for your effort.
You say I've got this information at my disposal. In what form? Where? I'am asking because I'm not sure if you're implying that I can use those values in code or if I find them somewhere else. One more Problem. I should've mentioned it from the start but there is more than one SSS rate, just as there is more than one VAT rate. Depending on the product/service sold i have to use one of these rates here <http://www.admin.ch/opc/de/classified-compilation/20102858/index.html> to calculate Total VAT due. If i could get a split like: - Total VAT applicable turnover *rateA*: 100 - Total VAT collected *rateA*: 8 - Total VAT due *rateA* (100+8) x 6% = 6.42 - ------------------------------------------------------------------- - Total VAT applicable turnover *rateB*: 50 - Total VAT collected *rateB*: 2.5 - Total VAT due *rateB* (100+2.5) x 3% = 3.075 Like creating different Tax accounts to use for the different SSS rates. Would such a setup be possible? How would I Access the VAT collected, turnover, due information? Freundliche Grüsse Adrian Stern unchained - web solutions [email protected] +41 79 292 83 47 On Mon, Nov 10, 2014 at 4:36 PM, Pierre Smits <[email protected]> wrote: > Hi Adrian, > > Please see my comment(s) inline. > > Regards, > > Pierre Smits > > *ORRTIZ.COM <http://www.orrtiz.com>* > Services & Solutions for Cloud- > Based Manufacturing, Professional > Services and Retail & Trade > http://www.orrtiz.com > > On Mon, Nov 10, 2014 at 3:30 PM, Adrian Stern <[email protected]> > wrote: > > > Yes. Tax is not easy. You did understand me correctly and yes it is some > > kind of subsidy scheme. > > > > I'm afraid I cannot follow you. Let me racap. > > > > Since i always bill the customer for the net amount plus 8% VAT - I > should > > configure that. This will fill my Tax account with the amounts due for > the > > different VAT Rates and also create me the correct invoice to bill the > > customer. > > > > Yes, in order to get correct invoicing and VAT collection from your > customer you have to set the tax category and the appropriate percentage > (8%). This will lead to GL transactions of the following kind: > > Debtors (accounts receivable): 108 debit (asset) > VAT collected: 8 credit (liability) > Turnover on sales: 100 credit (income) > > Nothing needs to be done additionally configuration wise. > > > > > > But how would I correct this after? I would have to check each invoice by > > hand (or create an export for calculation) and manually subtract this > > amount from the tax account. This would be a lot of work. In addition, > > would the balance be wrong most of the time since it includes the VAT > Rates > > and not the SSS Rate. I don't believe any accountant would like that. > > > > Now, whenever (at the end of each period) you have to submit your VAT > declaration to the Swiss tax authority, you have the following information > at your disposal to generate the statement: > > Total VAT applicable turnover: 100 > Total VAT collected: 8 > Total VAT due (100 + 8) x 6% = 6.42 > > So your GL transaction regarding this would/could be: > VAT Transfer account: 8 debit (countering the previous transaction entry, > rendering the balance to 0) > VAT due: 6.42 credit (liability) > VAT deferred 1.58 credit (income - subsidy aspect for small companies) > > This would eliminate the need to implement the following: > > > > > > What do you mean by "specific tax categorization of product-customer > > combinations"? I assume you don't mean the "categories" tab from tax > > authorities? So what do you mean more specifically by reducing the > > percentage with it? > > > > Freundliche Grüsse > > > > Adrian Stern > > unchained - web solutions > > > > [email protected] > > +41 79 292 83 47 > > > > On Mon, Nov 10, 2014 at 1:32 PM, Pierre Smits <[email protected]> > > wrote: > > > > > Adrian, > > > > > > Always keep in mind what the legal and fiscal requirements are that are > > > imposed on your company. > > > > > > If I understand you posting correctly you are required to include tax > > for > > > 8% VAT regarding the net amount on the invoice to your customer. Your > > > customer must pay this 108% to you. I also understand that at the end > of > > a > > > certain period you must submit your VAT tax statement pertaining the > > > invoice of 100. On that statement you have to declare 6% of 108 (100 > +8%) > > > as the VAT due. > > > > > > Now, the following question might help you to find the answer to your > > > question/request: what about the difference between the 8 mentioned on > > the > > > invoice and the 6,48 that you are required to pay to the tax authority? > > Are > > > you required to refund the customer, or is it some kind of subsidy > scheme > > > in your country to further your company? > > > > > > Anyway, I would suggest to avoid - as much as possible - increasing > your > > > invoicing scheme and your gl setup with some complex price ruling > > mechanism > > > to get to the 6.48. > > > If you are expected (at periods end) to have only included VAT up to > 6.48 > > > you can either correct this manually then, or reduce the percentage > > through > > > specific tax categorisation of those product-customer combinations. > > > > > > Tax is never easy! > > > > > > Best regards, > > > > > > Pierre Smits > > > > > > *ORRTIZ.COM <http://www.orrtiz.com>* > > > Services & Solutions for Cloud- > > > Based Manufacturing, Professional > > > Services and Retail & Trade > > > http://www.orrtiz.com > > > > > >
