Accounts receivable and accounts payable I

Basics of current accounts

• Importance of accounts receivable and accounts payable.
• Organization, maintenance of current accounts and analysis.
• Open item management, presentations and interpretations of OPOS evaluations.
• Automated booking technology.

Value added tax: Invoice requirements, securing the input tax deduction

• Basics and current developments, origin of VAT and input tax.
• Formal requirements for input tax deduction: mandatory content of the invoice, tax rates, accounting responsibility in the event of subsequent refusal of input tax deduction.
• Small value invoice and small business regulation.
• Receipt of invoices by e-mail and their archiving.
• Invoice correction and credit notes.
• Avoidance of sales tax risks.

Legal basis

• General legal principles (purchase contract, default of payment, damage caused by default, successful enforcement).
• Dunning system.
• Tips on debt collection and avoiding bad debt losses, methods for securing receivables.
• Early recognition of risks and information on claims for damages.

Selected booking cases

• Booking of price reductions (discounts, bonuses, rebates and complaints).
• Vendor debit items and customer credit items (cause and disclosure).
• advance payments and final invoices and their posting.