8553f68bb8
This commit improves the structure of the accounting documentation by
- reducing the levels necessary to reach the information
- grouping some docs
- moving content to their parent category page (content in all levels)
- renaming some sections to reflect the structure of the app better
task-3330093
closes odoo/documentation#4479
X-original-commit: c68cc154ed
Signed-off-by: Castillo Jonathan (jcs) <jcs@odoo.com>
117 lines
5.3 KiB
ReStructuredText
117 lines
5.3 KiB
ReStructuredText
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Cash basis taxes
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================
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Cash basis taxes are due when the payment is made, as opposed to standard taxes that are due when
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the invoice is confirmed. Reporting your income and expenses to the government based on the cash
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basis method is mandatory in some countries and under some conditions.
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.. example::
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You sell a product in the 1st quarter of your fiscal year, and the payment is received in the 2nd
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quarter. Based on the cash basis method, the tax you must pay is for the 2nd quarter.
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Configuration
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-------------
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Go to :menuselection:`Accounting --> Configuration --> Settings` and under the :guilabel:`Taxes`
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section, enable :guilabel:`Cash Basis`.
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Then, define the :guilabel:`Tax Cash Basis Journal`. Click on the external link button next to the
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journal to update its default properties such as the :guilabel:`Journal Name`, :guilabel:`Type` or
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:guilabel:`Short Code`.
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.. image:: cash_basis/tax_cash_basis_journal.png
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:align: center
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:alt: Select your Tax Cash Basis Journal and click on the external link
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.. note::
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By default, the journal entries of the :guilabel:`Cash Basis Taxes` journal are named using the
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:guilabel:`CABA` short code.
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Once this is done, go to :menuselection:`Accounting --> Configuration --> Accounting: Taxes` to
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configure your taxes. You can either :guilabel:`Create` a new tax or update an existing one by
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clicking on it.
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The :guilabel:`Account` column reflects the proper transitional accounts to post taxes until the
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payment is registered.
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.. image:: cash_basis/account_column.png
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:align: center
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:alt: Fill in the account column with a transitional accounts where taxes go until the payment
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is registered
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In the :guilabel:`Advanced Options` tab, decide of the :guilabel:`Tax Exigilibity`. Select
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:guilabel:`Based on Payment`, so the tax is due when the payment of the invoice is received. You can
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then also define the :guilabel:`Cash Basis Transition Account` where the tax amount is recorded as
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long as the original invoice has not been reconciled.
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.. image:: cash_basis/advanced_options.png
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:align: center
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:alt: Fill in the Cash Basis Transition Account where taxes amounts go until payment
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reconciliation.
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Impact of cash basis taxes on accounting
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----------------------------------------
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To illustrate the impact of cash basis taxes on accounting transactions, let's take an example with
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the sales of a product that costs 1,000$, with a cash basis tax of 15%.
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.. image:: cash_basis/customer_invoice_with_cbt.png
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:align: center
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:alt:
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The following entries are created in your accounting, and the tax report is currently empty.
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+----------------------------+----------------------------+
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|**Customer journal (INV)** |
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+============================+============================+
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| **Debit** |**Credit** |
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+----------------------------+----------------------------+
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| Receivable $1,150 | |
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+----------------------------+----------------------------+
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| |Income $1,000 |
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+----------------------------+----------------------------+
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| |Temporary tax account $150 |
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+----------------------------+----------------------------+
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When the payment is then received, it is registered as below :
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+----------------------------+----------------------------+
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| **Bank journal (BANK)** |
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+============================+============================+
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| **Debit** |**Credit** |
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+----------------------------+----------------------------+
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| Bank $1,150 | |
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+----------------------------+----------------------------+
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| |Receivable $1,150 |
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+----------------------------+----------------------------+
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.. note::
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Once the payment is registered, you can use the :guilabel:`Cash Basis Entries` smart button on
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the invoice to access them directly.
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Finally, upon reconciliation of the invoice with the payment, the below entry is automatically
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created:
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+----------------------------+----------------------------+
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| **Tax Cash Basis Journal (Caba)** |
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+============================+============================+
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| **Debit** |**Credit** |
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+----------------------------+----------------------------+
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| Income account $1,000 | |
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+----------------------------+----------------------------+
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| Temporary tax account $150 | |
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+----------------------------+----------------------------+
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| | Income account $1,000 |
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+----------------------------+----------------------------+
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| | Tax Received $150 |
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+----------------------------+----------------------------+
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The journal items :guilabel:`Income account` vs. :guilabel:`Income account` are neutral, but they
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are needed to ensure correct tax reports in Odoo with accurate base tax amounts.
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Using a default :guilabel:`Base Tax Received Account` is recommended so your balance is at zero and
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your income account is not polluted by unnecessary accounting movements. To do so, go to
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:menuselection:`Configuration --> Settings --> Taxes`, and select a
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:guilabel:`Base Tax Received Account` under :guilabel:`Cash Basis`.
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