Efficient management of invoices is essential for the financial health of any company . After all, the collection of taxes and duties for companies is directly related to corporate finances.
Among the different types of tax documents, the entry invoice plays a fundamental role in recording and accounting for the purchase of goods or services .
In this article, we will detail what an entry invoice is, when to issue it, its importance for a company and its role in the company’s accounting and tax management. Keep reading!
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What is an input invoice?
The input invoice is a mandatory and philippines whatsapp number data required tax document that formalizes a commercial transaction in which a company purchases goods or services from a supplier. Law No. 8,846/94 discusses the mandatory requirements of the tax document .
This document, generally issued by the supplier or service provider, records detailed information about the operation , including:
- Date;
- Description of the products or services purchased;
- Values, applicable taxes;
- Supplier and buyer data.
In other words, it declares to the State that a product has become part of a company’s inventory , and is a good way to control quantities. It favors inventory control and product replacement planning.
And from a tax point of view, the entry invoice is crucial for calculating and paying taxes, such as ICMS (Tax on Circulation of Goods and Services) and IPI (Tax on Industrialized Products).
What is the difference between an input and output invoice?
There are different types of invoices , each with see how to create a successful whatsapp marketing strategy! characteristics and distinct purposes . The main differences between them are generally related to the type of operation carried out, the products or services involved and the tax aspects.
Below, we highlight the input and output invoices, which are very useful for stock control and corporate inventory control:
- Invoice : used to record the entry of betting email list or services into the company, originating from suppliers or service providers. This invoice is generally issued by the supplier itself and proves the legality of the transaction, controls inventory and determines taxes due.