{"id":1684,"date":"2019-02-23T11:54:26","date_gmt":"2019-02-23T11:54:26","guid":{"rendered":"https:\/\/virtualofficeinestonia.com\/?page_id=1684"},"modified":"2024-03-10T22:23:52","modified_gmt":"2024-03-10T20:23:52","slug":"accounting-entries","status":"publish","type":"page","link":"https:\/\/virtualofficeinestonia.com\/et\/accounting-entries\/","title":{"rendered":"Accounting entries"},"content":{"rendered":"<p class=\"tw-data-text tw-ta tw-text-small\" dir=\"ltr\" data-placeholder=\"Translation\"><strong><span lang=\"en\">There are 2 entries for each transaction.\u00a0<\/span><\/strong><\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\"><span lang=\"en\">Therefore, if your company has an example of 10 invoices per month, then 10 \u00d7 2 is 20 entries.<\/span><\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\">Also, entries are payroll, inventory change, and so on.<\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\"><strong><span lang=\"en\">There are 4 entries for each transaction with VAT.\u00a0<\/span><\/strong><\/p>\n<p class=\"tw-data-text tw-ta tw-text-small\" dir=\"ltr\" data-placeholder=\"Translation\"><span lang=\"en\">VAT payers add 2 entries for each sale\u00a0and purchase transaction. <\/span><\/p>\n<p class=\"tw-data-text tw-ta tw-text-small\" dir=\"ltr\" data-placeholder=\"Translation\"><span lang=\"en\">Therefore, each mentioned transaction means at least 4 entries for a taxable person, in some specific cases even more.<\/span><\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\">The VAT is not included in payroll etc.<\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\">The general VAT rate is 20%, but it also depends on the service\/product sold and the customer\u2019s type (B2B vs B2C) and location (Estonia, EU, outside EU).<\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\">","protected":false},"excerpt":{"rendered":"<p>There are 2 entries for each transaction.\u00a0 Therefore, if your company has an example of 10 invoices per month, then 10 \u00d7 2 is 20 entries. Also, entries are payroll, inventory change, and so on. There are 4 entries for each transaction with VAT.\u00a0 VAT payers add 2 entries for each sale\u00a0and purchase transaction. Therefore, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-1684","page","type-page","status-publish","hentry"],"jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/pages\/1684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/comments?post=1684"}],"version-history":[{"count":0,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/pages\/1684\/revisions"}],"wp:attachment":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/media?parent=1684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}