The finance module in TOM gives you control over your payments, receivables and liabilities. It is divided into two sections:
|•|| : your own invoices you send to your clients,|
|•|| : supplier invoices (and optionally other expenditure items). |
|•||It allows you to export data to bookkeeping or spreadsheet applications. |
|•||It is a protected area requiring specific user privileges.|
|•||To open the Finance section choose the command from the Special... menu in the StartScreen.|
|•||credit notes and cancellation invoices|
|•||(auto-) assigning financial accounts to each book item|
|•||turnover and VAT calculation for periodical VAT tax declaration|
There is no separation between Single-item view and List view (as there is in most other modules). Clicking on a list entry opens an editing area at the bottom.
Taxation: Invoice creation vs. payment transaction
Each booking item includes two types of activity that are relevant for accounting purposes: the date of invoicing and the date of payment of any particular item. Relevant for taxation is one or the other. Reports and selections made usually require you to choose between one or the other.