Additional VAT rules in Lithuania

Minimum limit on VAT sales & purchases in Lithuania In Lithuania there is no lower limit on sales and purchases, all VAT transactions must be declared, invoice by invoice.   Types and rates of  VAT In Lithuania, there are numerous tax rate types that are...

Additional VAT rules in Latvia

Minimum 150€ limit on VAT sales & purchases in Latvia In Latvia, if you are VAT liable, according to law, your company has to declare all sales and purchases with VAT done for more than a 150€ with one vendor/customer, every single invoice. This is done in order...

Adding credit invoices/credit notes in ERPLY Books

Businesses have to deal with credit invoices every day: imagine you purchased a product, but it turns out it does not fit you or it has a defect, or there is another reason to make you return the good to the seller. Or vice versa – your customer wishes to return the...

Invoice copying – what is this and how to use it?

How often do you happen to pay or issue identical invoices? Let’s say you are an accounting firm that charges the same monthly fee to it’s client. Or you might have a client overseas, who consumes the same amount of goods or services every month and pays you in a...