How to use confirming to obtain discounts?
Confirming, or supplier advance payment, allows the bank to pay your suppliers earlier while you settle at maturity.
What is the debt service coverage ratio?
The debt service coverage ratio compares operating cash flow with the installments and interest payable in the period.
When am I required to audit the annual accounts?
When during two consecutive years you meet at least two of these three limits: assets exceeding 2.85 million euros
How is the distribution of dividends recorded and limited?
After approval at the meeting of the application of the result, a liability for “dividend payable” and the corresponding withholding for the partners are recognized.
What is the legal reserve and when must I fund it?
Every period you must allocate 10% of the year’s profit until the legal reserve reaches at least 20% of the share capital.
How do I calculate and use the hourly cost to set prices for services?
For this type of situation, you must allocate direct and indirect costs (such as billable hours), add an objective margin
How are business property leases treated from an accounting and tax perspective?
From an accounting perspective, you record the lease expense and incorporate it. Remember that from a tax perspective, the expense is deductible if it is necessary and justified
Is the paper invoice still valid?
Yes, the paper invoice is still valid, provided that invoicing regulations are complied with and the system that generates
What happens if I don’t adapt the system or use unauthorized software?
The use of systems that do not meet the technical requirements or that allow invoice manipulation is prohibited and sanctioned.
What differentiates a **VERI*FACTU** system from a **non-VERI*FACTU** system?
A VERI*FACTU system is an invoicing IT system that: Complies with all mandatory requirements of the technical regulation
