Here we write tricks that make the accountant's life faster and easier.
If it is necessary to bulk import the transactions row date, you must also import Periodized - Row with the value 1.
If the account should have USD-s, but until now the transactions have been made in EUR-s, then in order to adjust the account, EUR-s must be written off and USD-s must be received.
Example: The account must have 1000 USD on 31.03.2021, but there is 852.88 EUR (which is worth 1000 USD).
If the account has currency that has not been revalued, then currency revaluation transaction should be made first. Then in the future can use
Maintenance > Currency rates > Currency rate converter to convert currency rates.
If there is a red non-zero number in the DIFF cell, it means that the bank start balance for that day and the Directo account start balance are not equal. If the DIFF cell has a number for a long time, look at the previous days bank statements and find a bank statement with a start balance DIFF a zero and start checking from that day.
Start balance block contains information fields
If everything is correct, the DIFFERENT sum will be a 0.00 number in black colour.
If the day`s start balance does not equal to the bank start balance statement in Directo, DIFF will show a red number.
If the DIFF number is red on the bank statement, it means that the previous day's bank statement final balance is not the same sum in the financial account and in the bank.
Errors, that may occur
Find the error and fix it. DIFF sum is always 0.00 if everything is correct.
Financial transactions that are not created directly from a bank statement cannot be linked to a bank statement. When checking the bank statement, add Type “Not used” to these bank statement lines. When all actions related to the bank statement have been completed, mark the bank statement as closed.
If money is transferred between your own bank accounts and both bank accounts appear in the bank statement, you must check that only one bank statement has a financial transaction and on the other bank statement is marked “Not used”.
Example: Without a rule If both bank accounts appear on the bank statement, start with the account statement from which the money was withdrawn
If you don't want to create rules for the bank statement, can select a transaction and mark the account where the money goes to. To create a transaction, click Transaction option and Create transaction from the top bar to activate it.
2) Rules: option 1. If you have a lot of money moving between your bank accounts, you can create bank statement rules, that make transactions themselves.
You can always test the rule by saving and if the transaction is not created as you want, you delete it. Open the rule and change until you get the desired result. Save the rule. Save the bank statement again - then transactions that have not been created are created based on the rules.
3) Rules: option 2. If you don't want to use the “Not used” rule, you must create a rule for both bank statements, where the account is the bank's suspense account “money transfer”, choose yourself whether to make a balance account or an off-balance account starting with a number 9!.
b) To the bank rule for the money coming in - add bank's suspense account “money transfer” to the account field, so you can always check that the bank's suspense account must be 0. The transaction is created like this:
If the state board pays for the customers and the receipts are not tied to the invoice, then
If for some reason the bank statement has not been automatically received in Directo (technical problem), the bank statement can be added manually.
Make a separate payment method for each bank account. We can limit the rights through payment visibility rights. Under user rights or user group rights, add the right to see restricted payment rights.
If empty, everything is allowed. List of codes with commas. If even one code is filled, only that code is allowed.
If an expense has rows in several different currencies and/or different expenses have expenses in different currencies and want to view the report by currencies. For example expense:
Expender report - options With rows, Currency shows the selected expenses sums in different currencies below
Daily allowances are reflected on the Expense document. Daily allowances are not part of the salary and are not reflected in the salary module.
Report purchase invoices - write in the account cell the fixed asset accounts you want in the report (comma-separated list). Choose “show rows”. In the Name/Asset column the rows show the asset numbers, when the asset cards have been created.
Report - Asset list
Write in the time fields Date and Valid date 31.12.2019. Valid is a helpful field that also shows assets written off after the report date.
Can not. The car fringe benefit is calculated on the Asset Depreciation report and only fixed assets come into that report.
Car fringe benefit can only be calculated for cars on fixed asset cards.
In case the cars do not belong to the company, but is in the company's use on an operating lease or other agreement basis, then a separate fixed asset class for the car fringe benefit should be created under the fixed asset classes.
Fixed assets cannot be partially written off on the asset card. If you want to write off a part, then you should write off all and then take into account only the part that remained. On the new fixed asset card, you can partially write off the fixed asset proportionally from the acquisition cost.
If the income statement accounts are shown in the balance sheet description, then the income accounts balances are shown with a + sign and expense account balances with a - sign, i.e. expense accounts balances also appear in the report with a + sign.
The nominal ledger does not open on the screen if the data volumes are too large and shows an error message. The nominal ledger data can get to excel by selecting the necessary fields and pressing the CSV button directly.
See the instruction here:
Set in system settings - character to search empty field (a little-used sign that you like - for example #)
From nominal ledger can check does all transactions have necessary objects and projects.
Show me transactions, where the project is missing. For this, add the empty field character, marked in the system settings, to the project cell (for example: #).
To search transactions which has for example a car object missing, we need to exclude this level object level.
To exclude multiple levels objects, add a list of object levels separated by a comma.
Show me transactions, where level 6 objects are missing
Show me transactions, where department (level 1), subdivision (level 2) and car (level 6) objects is missing
Show me transactions, where department (level 1), subdivision (level 2) and car (level 6) objects and project is missing.
If the user is allowed to see a limited number of accounts, should create a personal Balance Sheet and/or Income Statement description for the user, where can highlight the accounts that are allowed and give the user limited rights:
1) System setting
2) User or user group rights
3) Create a balance sheet or income statement with only the accounts that the user can see and in the employee cell add a comma-separated list of users who can see this report.
4) User can only open a balance sheet or a income statement, where he/she is marked as a user
5) From the balance sheet you can open the general ledger, only one account at a time.
6) From general ledger report can see all the allowed accounts statements - write a comma-separated list of accounts in the account start field. Alt+A can be used to save under saved reports. A user with limited rights can save the same report to the account start field by adding it as an accounts + list.
Reason - The state account has not been entered under financial accounts.
State account - the cell is mandatory for this entry to appear in the balance data report. The account number of the state account plan is written here.
See The state balance sheet guide for more details: Riigi saldoandmik
An order is submitted to the customer, according to which 50% should be paid immediately and 50% after receiving the goods. To show receipts correctly in liquidity report, should double-click on the payment term to indicate the dates of the payment schedule.
Initial data - if the data is in currency, the opening balances should also be entered in the correct currency. If the data is entered as a financial entry, the data in currency should be entered under the second sheet (data in EUR is not entered).
Annexes 4, 5, 6 data can also be automatically sent to E-MTA together with the TSD salary report.
1. Set up Fringe benefit field to kontodele.
Fringe benefit - you can choose which TSD Annex 4,5,6 fringe benefit field the account turnover is related to. It is useful to specify if is wanted the fringe benefit fields to be filled in when submitting the TSD to the Tax and Customs Board.
In front of each fringe benefit option, there is a code that shows which TSD Annex 4, 5 or 6 row exactly the account turnover data goes to.
Create necessary number of accounts to be able to automatically submit TSD annexes. For example, two separate financial accounts should be created for gifts. One up to the established limit and the other for gifts that cost more than the limit.
2. Check from the nominal ledger that everything is declared
Nominal ledger report subtotal By employee benefit helps to check the TSD annexes data sent to EMTA.
In the financial account, it is possible to determine to which TSD Annex 4, 5 or 6 row the expense on the account should move.
3. Send TSD
The data in Annexes 4, 5, 6 are automatically filled in together with the salary data.
As long as the TSD declaration has not been confirmed in the e-Tax Office, can change and correct the data in Directo and resend it.
If it is not recommended to automatically send the TSD to the e-Tax Office, the TSD file can be downloaded from Directo and upload the file to e-Tax Office either at once or separately.
It is sometimes necessary to change the payment term on a confirmed sales invoice (for example by parties later agreement, making debt payment schedule, etc). Making changes to the confirmed sales invoice must be under strict control.
User group, with the right to change the payment terms on a confirmed sales invoice, must have the following rights:
Other - Modification rights
In order for the credit invoices financial transactions to have minus signs, turn on the system setting
Finance transactions can be negative → YES
If one and the same customer is subject to VAT in several countries, a separate customer card should be made for each different VAT register number and VAT country. When making invoices, the payer should always be the “main code” and the customer - the customer's card with the VAT information of the country to which the goods are delivered.
On both customer cards Multiple VAT zones must have a check mark.
Directost saab otse kliendile raha tagastada. Mugav ekslike laekumiste, ettemaksude, deposiitide tagastamisek. Arveldusarve, kuhu raha kanda märgitakse kas kreeditarvele või kliendikaardile või otse laekumise dokumendile.
Raha tagastuse ekspordi õnnestumiseks :
The company purchased fixed assets with a cost of 100,000+VAT. In order to reflect the fixed asset purchase invoice in the purchase module, the following posting must be made:
Liability accounts are entered with a minus for the financial entry to be correct. In the example, the capital lease obligation of the current year is also immediately reflected in the account „Repayments of long-term capital leases in the following periods“ and „Long-term capital lease liability“ sum reduced by this. The VAT code has been added to the fixed assets account. When the invoice is confirmed, the following financial transaction is created:
After confirming the purchase invoice, a new fixed asset card can be created from the purchase invoice, under the third tab of the rows.
A prepayment to the supplier is requested on the purchase invoice. The payment term is prepayment and the item in line is E2, confirming gives error:
If the company is not liable for VAT, it is possible to enter purchase invoices.
If purchase invoices are automatically sent to Directo with e-invoices, it is better to use this option.
1) Make a supplier card to the Tax Office
2) Create a purchase invoice with the date when payment is due or if desired, e.g. 23.03.2021 and the payment term is 7 days
A transaction is created
3) Create payment
A transaction is created
All monthly payments to the Tax Office - VAT, TSD taxes - can be made on the same principles. Add the tax declaration as an attachment to the purchase invoice, then it is easy to check the payments later.
The same principle can be used to make loan payments and interest payments, it is necessary to create an off-balance subsidiary account “Loans and interest - subsidiary account” or create a separate subsidiary account for each type of payment - depending on your needs.
Read the manual here: Maksegraafik
In our example the purchase invoice displays a message “the purchase prepayment is smaller than the supplier's prepayment 2160.00. Actually the supplier does not have a prepayment. In order to correct it, you need to find the reason, why there is a message that the supplier has a prepayment, even though the purchase invoice does not have the prepayment. To find the reason:
If there is a supplier in this report whose purchase invoices have such a mistake, then it is a prepayment in EEKs
Then the corresponding account is missing in the expense account, where the expense must be periodized in the balance sheet. Add the appropriate corresponding account (expense account for future periods) to the account card and confirm again.
If it is necessary that future periods account have other objects, projects than in the expense account, mark the objects, projects that go to the expense account row separately in the purchase invoice columns Correct object and Correct project.
It is possible to change a confirmed purchase invoice, if “Confirm” is marked in the purchase invoice module under user group rights.
If the supplier has credit invoices, the sum with a minus sign is coloured red so that negative payments are not unnoticed.
If the accountant have several companies at the same time in Directo, it was difficult to understand exactly which file to upload to the bank or the Tax Office.
The company short name is attached to the following documents files:
If you pay many purchase invoices at once, the purchase invoice numbers will not fit in the comment field. Similarly, the payee cannot find out which purchase invoices have been paid.
If one supplier's purchase invoices are paid, then the xml file puts all one supplier purchase invoices rows together, when importing to the bank and the supplier's purchase invoice numbers are written consecutively in the comment field.
If many purchase invoices are paid at once and the reference numbers have not been used, the purchase invoice numbers will not fit in the comment field and the bank issues a warning that the comment is too long.
Purchase - Reports - Paymentsabout payemnts.
If the object level is mandatory on the account and the payment row has level object, check that in the system settings is indicated
When using an advance payment in a foreign currency, the exact same currency rate must be used when using it. If you get an error message when saving a payment, it must be observed that USD has been added to the payment, but the currency rate is the day of the payment. There is a difference when making a prepayment and the currency rate must be exactly the same currency rate as on the payment document with which the prepayment was made to the supplier.
The error is known and is being corrected
Such a situation can occur if the purchase invoice is in a foreign currency and the sum to be paid is settled with the prepayment directly on the purchase invoice through the Prepayment field. Since the currency rate on the prepayment date and the payment date has been different, a difference in the exchange rate occurs.
SOLUTION: If the purchase invoice is in a foreign currency, should be used a payment document to link it to the prepayment.
The leasing company sends e-invoices where each customer has the same reference number and line explanation. Vehicles could only be identified using the contract number field.
This situation occurs when the purchase invoice that is deleted has already been paid.
If a paid purchase invoice is deleted, the payment must also be opened and remove the
Every month, the VAT payable should be transferred to the taxes prepayment account and once a year make an intermediate transaction, where, for example, on 01.01.202X all VAT accounts are set to zero. So only the sum that has to be paid to the tax office for December on 20.01.202X remains.
1)There is no need to reset all VAT accounts on a monthly basis
2)Transaction must be made by the 20th of the following month
If according to the VAT declaration there is a prepayment to the tax office, the transaction must still be made, but there is a minus sign in front of the sums.
3) When transferring money to the tax office is created a transaction
4) At the end of the year all VAT account balances are written to zero, except the sum that remains to be paid to the tax office for December 20.01 and which transaction is made on 20.01. Leave the sum in the “VAT payment” account. If, as of the new year, VAT remains to be paid in advance, then make an account “Prepayments to the tax office” – prepaid VAT”.
The company that has been sold or has left the group must be removed from the group base.
If we want to check whether the data of the consolidated company is the same as in the consolidated base, it is easy if the currency is the same. Select this company in the group report and look at the profit and loss statement numbers.
If the group member is in another currency (for example GBP), the report can be viewed for verification.
In the group basis must be selected “End of period” in the consolidated income statement fine-tuning. When consolidating data in the income statement “Period Average” is selected. When checking the data, you need to change the setting to “end of period”.
Make sure that the Margins option in the print settings is marked None.
The OSS declaration is not initially developed in Directo.
To start using OSS, create your own VAT country and VAT code for each OSS country. The customer decides whether to create a separate financial account for each VAT code. Data for the OSS declaration can get from the customer statistics report with the VAT country and VAT code filter.