What should you pay attention to after the turn of the year?

What should you pay attention to after the turn of the year?

At the turn of the year there are a few things for the timeSensor LEGAL administrator to consider and check. You will find the most important information in the following entry and in the article on annual accrual https://support.timesensor.com/portal/de/kb/articles/116-x-jahrabkommenung-19-12-2023-1 .

accounting

Bookings that belong to the old year are usually recorded in the first few months of the new year. This is generally not a problem. You can easily backdate services, payments and invoices as long as the accounting in timeSensor LEGAL is still open for bookings in the old year. If you are satisfied in February or March that all business transactions from the old year have been recorded, then close the accounting so that only bookings from January 1st are recorded. possible are.

VAT accounting

We have created a new report for your VAT billing, which you can download here . We recommend that you use the new report and no longer use the "VAT statement" template in the addresses.

Readjusting number ranges

If you would like to start your mandate numbers again at 1 every year, you must set the proposed mandate number back to 1 when creating the first mandate in the new year. timeSensor LEGAL will then continue to count accordingly for the next mandate.
If your invoice number starts with the year (for example 2016NNNN), then go to the parameters in the Settings area, click on Finance, tab Debtors and increase the next invoice number there (for example to 20170001).



If you would like to start your archive numbers (filing numbers for archiving mandates) at 1 every year, you must reset the suggested archive number back to 1 for the first archiving in the new year. Alternatively, you can also reset the number to 1 in the parameters under Finance (however, this option is not available in all editions of timeSensor LEGAL). timeSensor LEGAL will then continue counting accordingly the next time it is archived.


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