How important is to get a proper invoice?

Every month a corporation or professional apart from trying the best for running the business in a succesfully way, has the duty of producing and collecting the invoices of the activity. But, do we really know how they should be in order to get them applied for the taxes and business accountancy?

There are some tips we need to bear in mind when we are producing or asking for an invoice (factura).

• The invoice need to have all the proper details to be accepted and used for legal and taxation purposes. These are, among others, the number of the invoice, date, supplier fiscal details, client fiscal details, selling price, IVA amounts (in case the activity is attached to the IVA tax).
• Only a proper invoice is valid to be deduced. Receipts, delivery notes, order notes,etc...are not valid for this purpouse but they can be valid in order to justifiy the payment and the despatch of the goods.
• Expenses invoices can be deduced on the following 4 years from the invoice date but Incomes invoices can only be declared on the quarter they are produced.
• Some expenses invoices, like the ones from suppliers of other countries (in most cases), have to be declared in the quarter they are produced.

Taking care on these things when you are producing or applying for an invoice will make your business more efficient. 

If you need to get further information about the invoices and how they work book for an appointment or contact us and we will be more than glad to help you.