Category: Accounting

E-invoices in Estonia


What is an e-invoice? E-invoice is a machine readable bill. In general, it’s in XML format, but it doesn’t necessarily have to be like that. The Estonian e-invoice standard is XML and its use allows the user to send an invoice from one system to another so that the receiving party doesn’t need to enter

Clearing prepayments in ERPLY Books


Prepayment clearing feature is a functionality that makes it possible to connect prepayment and its return. For reminder, prepayment return must be added as a negative payment to the customer/supplier. Meaning: if you add a prepayment to a supplier, then it must be added as a positive payment to supplier. And if they return it,

Free Accounting software


New price plan with a free package. Why? ERPLY Books has a new price plan. We are back with the free package – basic accounting features are now available for every customer. At the same time, ERPLY Books still offers packages, which include additional features that help to save time, give valuable information and simplify

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 reflected in tax declarations. Below you will find the description

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 to prevent the VAT fraud. Your regular