After activating the daily receipts book, the new menu item 'Daily receipts' will appear in the menu on the left.
To start entering daily receipts, fill in the amount (including VAT) for that day and with the correct VAT rate. You can enter multiple categories (VAT rates) at the same time. Fill in a remark if necessary and enter the correct date. Please note: for any amount higher than € 250 it is mandatory to add a remark.
Next, click 'Add' to confirm the receipt.
Because it is legally required to have a monthly total of daily receipts, Billit will automatically close each month. As soon as you make an entry in the following month, we will notify you that the previous month will be closed. You still have time after the end of the month to complete any missing entries. If you wish to close a shorter period, you can always do so manually via the 'Close period manually' button.
All totals for a month are included in an invoice under a customer named ‘Daily Receipts,’ which is automatically created. This allows you to send the income from your daily receipts book to your accountant so they can be processed monthly for accounting purposes, such as VAT filing (even if you file VAT quarterly).
