How to Manage Cash Basis Taxes in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

How to Manage Cash Basis Taxes in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition – CBMS Odoo ERP

The cash basis taxes are due when the payment has been done and not at the validation of the invoice (as is the case with standard taxes). #odoo15accounting

Reporting your income and expenses to the administration based on the cash basis method is legal in some countries and under some conditions.
#Odoo15enterprise

Example: You sell a product in the 1st quarter of your fiscal year and receive the payment in the 2nd quarter of your fiscal year. Based on the cash basis method, the tax you have to pay to the administration is due for the 2nd quarter. #odoofunctionalvideos

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#Manage #Cash #Basis #Taxes #Odoo #Odoo #Accounting #Odoo #Enterprise #Edition

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