openerp-expert-accounting team mailing list archive

[Gustavo Adrian Marino <gamarino@xxxxxxxxx>]

Frederic:
It seems the treatment is different depending on the country
In Argentina, prepayment should be taxed with VAT at the date of the
prepayment. In fact, VAT rate for the prepayment could be different as the
final VAT of the actual good (and this is a challenge for the proper
registration of the whole operation).
That's why it is important for customer to invoice the prepayment separatly
from invoice of the actual goods (part of the payment could be considered
by the customer as fiscal credit, and thus effective prepayment is reduced
- as much as 21% actually!).
I beleive OpenERP should take into consideration the possibility of a
different country specific treatment (to be configured or adapted on
country specific modules), and thus on prepayment invoice to have
posibility of using a different AR account
Regards


2013/11/20 Frédéric Clementi <frederic.clementi@xxxxxxxxxxxxxx>

> Hi Gustavo,
> Please see my comments below :
>
> 2013/11/20 Gustavo Adrian Marino <gamarino@xxxxxxxxx>
>
>> Let me add other reason why prepaid account is used (at least here in
>> Argentina)
>>
>> When you invoice the prepayment, VAT credit could be used by the
>> customer.
>>
> No, payment date is not relevant regarding VAT. The VAT is due at the date
> of the transfer of property witch is in our case the date of delivery. This
> is why invoices are usually dated at the same date than the delivery.
>
>
>
>> That's why at cancellation of the final invoice (the one you send once
>> the goods are actually delivered), you emit a credit note for the
>> prepayment (generating the counter movement to the prepayment, leaving the
>> money to be applied to the final payment and reverting the fiscal debt due
>> to prepayment VAT) and you use the customer credit to cancel the final
>> invoice
>>
>> This mechanism is independent of the fiscal year cut-off and allows you
>> to correctly treat prepayment as a debt you have with your customer till
>> the sending of the goods/services
>>
> yes, cut-off entries are totally independant from vat treatment
>
>>
>> Regards
>>
>


-- 

Gustavo Adrian Marino

Mobile: +54 911 5498 2515

Email: gamarino@xxxxxxxxx

Skype: gustavo.adrian.marino