Accounting

An opening balance sheet is a snapshot of the balance sheet. Every company takes the balance sheet year by year, from incorporation to dissolution. At the end of the fiscal year, the state of this balance sheet is kept, which is the closing balance sheet. In the next fiscal year…

Corporation tax, often abbreviated to VPB, is a form of profit tax. You pay this tax once a year based on the profits from your business. It is a business tax that has nothing to do with your private information. After you calculate how much corporation tax (VPB) you will pay, t…

The income-related contribution to the Health Insurance Act, often abbreviated as ZVW, is not a business tax. You pay this contribution privately, from your private account. ZVW therefore does not belong in your company's accounts. ZVW often goes along with declaring your income…

Income tax, often abbreviated to IB, is not a business tax. Still, some business owners remit their profit tax via the IB declaration, it depends on the legal form of your business. If your company has a legal form without a legal personality, such as a sole proprietorship for …

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During year-end closing, your Daxto assistant creates a memorandum booking. This booking collects the outstanding result (profit or loss) of the selected fiscal year. This is expressed with two lines: 'resultaat openstaande boekjaren' and 'onverdeeld resultaat'. Finally, you wil…

As a business, you have one or more financial accounts. When you start with Daxto, you will be asked to add a financial account. Want to add more accounts, make adjustments or add more details to the account? Then (if you are logged in) go to Menu → Accounting → Finan…

Keeping proper mileage logs is essential. This not only allows the correct allowances to be settled and paid out, but also provides a clear view of all movements. An absolute must for you and the Belastingdienst. Rides with own vehicles This starts with keeping accurate records…

This help article is currently only available in Dutch. The translation will be available as soon as possible. Come back later or take this opportunity to brush up on your Dutch.

Sales tax is also called VAT, which is short for Value Added Tax. It is a tax that not every entrepreneur has to deal with. Nor is the timing the same for all entrepreneurs. VAT exempt Some organizations are exempt from VAT. This may be because of the following reasons: Yo…

Time is money. That's why time tracking is important. With Daxto's time registration, you figuratively kill three birds with one stone. From entrepreneur to employee and from in-house work to projects and outsourcing. Hours criterion One of the most obvious reasons for entrepre…

Transactions are all the amounts you receive and pay from your financial accounts. In short; bank accounts, PayPal accounts, cash drawers, cash boxes, cryptocurrency wallets, credit cards and so on. How do I add transactions? You can add transactions by hand. Often you wi…

This help article is currently only available in Dutch. The translation will be available as soon as possible. Come back later or take this opportunity to brush up on your Dutch.

It may happen that the Belastingdienst will refund an amount to your private account in response to a sales tax return. This will especially be recognizable to sole proprietors. How do you resolve this? Your bookkeeping will expect the amount back into the business account. So …

Sometimes you are in the supermarket for your groceries and suddenly notice that you only have the business' debit card with you. Then what? You can just pay with the business debit card, later on you fix this in the business accounts. The easiest way is to let your Daxto assis…

This article is about year-end closing in Daxto. Want to know more about year-end closings in general? If so, you can read the background article. In Daxto, your digital Daxto assistant helps you with every year-end closing. More than that, your assistant creates the memorandum …

If you have purchased an asset with a value of € 450.00 or more, excluding VAT, you are obliged to depreciate it. An asset is something you purchase because your company needs it, such as a machine, office building or van. It is not something you buy for your stock to resel…

Suppose you are in the store and you remember that you need a pack of printer paper for the office. But you don't have the business debit card with you. Then what? If you purchase something for your business you can advance it privately. You reconcile this later in the business…

You can deposit money into your business at any time. You often do this just after starting your business so you will have some money to start with. Deposit money in a sole proprietorship On your balance sheet, you should see the category 'Ondernemingsvermogen' on the right sid…

At any time, you can decide to withdraw money from your business. If your company is a sole proprietorship, this is how you pay salary to yourself. In the case of a limited liability company (BV), you often withdraw money temporarily in the form of a loan from your current accou…