Priority–Examples of Accounting Entries

COGNOS SOLUTIONS AND SERVICES

Priority–Examples of Accounting Entries

Aplication Priority

Autores: Ing. Claudia Karen Maceda

Ing. Lorena Lizzet Vaca Alarcón

Fecha de Creación: 10 – 10 -2013

Santa Cruz - Bolivia

CONTENT

EXAMPLES OF ACCOUNTING ENTRIES 3

GENERAL 3

TAXATION 3

MODEL SALES INVOICE 4

HOW TO GENERATE “CONTROL CODE” 5

EXAMPLES SALES INVOICE 5

EXAMPLES PURCHASE INVOICE 6

SALE -REPORTS AND PROCESSES 7

PURCHASE-REPORTS AND PROCESSES 9

EXAMPLES OF ACCOUNTING ENTRIES

GENERAL

TAXATION

Nombre del Impuesto % del Impuesto

Impuesto al Valor agregado ( IVA ) 13 %

Impuesto a las Transacciones ( IT ) 3 %

IUE para Bienes 5%

IUE para Servicios 12.5 %

IUE para transacciones del Exterior 5 %

IUE para RCIVA 13 %

Impuesto al ITF 0.15 %

The rates (%) may change depending on the time Bolivian law.

MODEL SALES INVOICE

HOW TO GENERATE “CONTROL CODE”

Review anexo: Anexo_F_Technical Specification Control Code.doc

EXAMPLES SALES INVOICE

Example:

It makes invoice for consumption of 10 liters of petrol in the Biopetrol Supplier, this invoice is paid 30 % in cash and 70 % is payable outstanding, this invoice is manually printing:

Highlighted with GREEN accounts are accounts that we can not find where to set it in the software Priority

SALES INVOICE ACCOUNTING ENTRY

ID_ACCOUNT ACCOUNT NAME DEBIT CREDIT

1.1.1.01.001 Central Box 30

1.1.2.01.001 National Customer receivables 70

2.1.1.02.001 IVA Expense – Tax Debit 13

6.1.2.01.001 Tax Transactions 3

2.1.1.02.002 Tax payable transactions 3

4.1.1.02.001 Sales revenue 87

103 103

EXAMPLES PURCHASE INVOICE

Example: The client gets invoice from 100 Bs, for consumption of 10 liters of gasoline at the pump Biopetrol, canceled 30 Bolivians in cash, and 70 remain pending payable, this invoice is manual printing:

(For fuel issues Bolivian law states that only should be the tax credit of 70% of the purchases, that's why 30% goes as exempt amount)

PURCHASE INVOICE ACCOUNTING ENTRY

ID_CUENTA Nombre de la cuenta DEBE HABER

1.1.1.01.001 Central Box 30

2.1.1.01.002 Payable Suppliers 70

2.1.1.02.001 Tax Credit 9,1

6.1.2.01.002 Exempt Tax 20

6.1.2.01.003 Consumption Specific Tax (IC) 10

6.1.2.01.005 Expenses Fuel 60,9

100 100

SALE -REPORTS AND PROCESSES

Revisar anexo: Anexo_D_plantilla_Ventas_para_generar_txt.xls

Processes to generate file.txt requested by internal taxes:

Below are the data required to build sales txt file requested by internal taxes:

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