accounting software

[Ori Idan]

On Sat, Jul 6, 2013 at 9:05 AM, Shachar Shemesh <shachar at shemesh.biz> wrote:

>  On 06/07/13 08:45, Ori Idan wrote:
>
>
>
>
>  Again you did not understand me.
> It is illegal to treat proforma as if it was an invoice and thus create
> double transactions.
> Since you will issue an invoice when you get the payment.
>
>    Double accounting need be *either* cash based *or* commitment based.
> You cannot validly mix the two. That much is true. However:
>
>    1. The requirements by law to approve an invoicing system need not
>    include accounting at all, much less make sure it conforms to any
>    particular standard. It is true that that will not allow you to issue אישור
>    ניהול ספרים if you are required to keep double bookkeeping, but most people
>    who are required to do that pay someone to do it. As such, I don't think
>    saying "illegal" does this justice.
>    2. Performa invoices transactions have three stages, instead of the
>    more traditional two. There is the payment requirement stage (the performa
>    invoice), the formal transaction stage (the tax invoice) and the actual
>    payment. You are right that creating two transactions, one for the performa
>    and one for the tax invoices, is wrong, whether it is illegal largely
>    depends on the way the tax is calculated. If the VAT payment is calculated
>    to the right amount at the right time, I don't see how that is a problem.
>
> Performa invoice have two stages (the third one is the receipt). The bug
Linet had was that they would record transactions the same as invoice and
thus when issuing the invoice you had two monitarry tansactions while you
should have had only one.
So it was never balanced since if you issued an invoice on 1000 ILS,
received payment of 1000 ILS The balance is 0 which is Ok.
If you had the Performa recorded as transactions you would have a balance
of 1000.
For simplification I did not include VAT here.

-- 
Ori Idan
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