Basics
Should I Add VAT to My Invoices?
The rule is quite simple and depends on the type of service your company offers and whether it is subject to VAT or not. Then, what if your company is subject to VAT (VAT liable)?. Let's see. IfPopularHow to Add an Invoice in a Specific Currency?
To generate an invoice in a specific currency, follow these steps: Go to the “Sales” section on the Companio platform. Click the "New Invoice" button at the top right. Then select a contact to issue the invoice or add a new one, and click "Next". Now you can select the invoice items. Use the "Currency" field to choose the correct currency for the invoice. When you are finished the system will generate the invoice document in PDF, specifying the correct currency. Make sure you applyPopularWhat’s a Correct or Valid Invoice? Data Checklist
When creating invoices for business transactions, whether for sales or purchases, certain key elements must be included to ensure the invoices are correct or balid. Keep in mind that these elements are essential for businesses operating in standard currencies like euros or dollars and do not apply to cryptocurrency companies. Sales Invoice Data A) CUSTOMER INFORMATION For businesses ✅ Company name. ✅ Registration number. ✅ VAT number (if applicable): Find out if you need VASome readersHow Do I Know if a Company or Freelancer Has a Valid VAT Number?
You must make sure when dealing with a European company, that they are really registered as VAT operators and have a valid VAT number. Some companies or professionals may lie in order to avoid VAT. On the official website of the EU Commission (VIES), you can check if a VAT number is valid. If not, you should check with the company and ask them to give you their valid VAT number, or you will have to include Estonian VAT in the invoiceFew readersDo I Need a VAT Number to Invoice My Customers?
You do not need a VAT number to invoice your customers, even your European customers. From the moment your company enters the company registry, you can issue invoices, but remember that you’ll need a bank account or another payment method to be paid by them.Few readersCan I Use My Current Invoicing Software With Companio?
As part of being our customer, you have access to Companio’s dashboard, allowing you to upload your sales and purchase invoices, as well as bank statements, every month, and forget about the rest. Our goal is to prevent you from having to deal with paperwork, bureaucracy, and spreadsheets and focus on growing your business. However, you can use invoicing program you want, but remember that we require you to upload invoices and bank statements to our platform before the 5th of the following moFew readersIn What Currencies Can I Issue and Send Invoices?
The Estonian e-Residency program allows you to have a company with real geographical independence. This means that you can do business with all kinds of companies, customers, and suppliers. The invoicing tool included in Companio allows you to automatically generate and send invoices to your customers in any currency, not just Euros.Few readersCan a Customer Invoice in Crypto?
No, if the company is not dedicated to offering crypto services. You can bill in euros and your clients pay you in crypto if you use a platform like BitPay or similar.Few readersWhen Can I Invoice My Customers for My Services?
Until your company has a bank account or a method to receive payments from your customers, it makes no sense to invoice your customers, as they won't be able to pay you.Few readers