How to create a sales book
Video: Introduction - Sales Book - Subsidiary Books (Accounts Class 11th) 2024, July
The sales book is an important document for tax reporting at the enterprise. It keeps records of invoices that are issued to the buyer during the sale of goods, the provision of services or the performance of work.
Instruction manual
1
Prepare a special notebook or sheets for maintaining a sales book. Number all pages, lace and seal before filling. If the documentation will be kept electronically, then at the end of each tax period it is necessary to print the data, lace up and number the pages.
2
Register all VAT-deductible invoices. This must be done in chronological order in accordance with the tax period when the tax liability is formed.
3
Enter in the sales book at the top of each sheet the full or abbreviated name of the seller’s company, taxpayer identification number and checkpoint of the company and the tax period to which the entries on the page correspond. Records of this document are kept in national currency.
4
If the invoice is issued in foreign currency, then indicate the equivalent amount in national currency at the rate of the National Bank of the country on the date of the operation on the invoice. In columns 1-3, indicate the date and number of the invoice, the name of the buyer, TIN and PPC of the buyer and the date of payment of the invoice.
5
In column 4, indicate the total amount of the sale on the invoice, together with VAT, which should correspond to the accounting entries.
6
In columns 5-8, indicate sales and VAT amounts calculated at the corresponding tax rate.
7
Fill column 8 until the completion of calculations on the product.
8
In column 9 indicate the total amount of sales on the invoice exempted from VAT. At the end of the tax period, summarize the entries and use them to fill out a VAT tax return.
9
Use additional sheets to make changes to the document. Invoices are recorded on an additional sheet in accordance with the tax period for registering invoices before corrections are made.
10
Keep your sales book for five full years from the last record.
