![]() ![]() If your invoice is easy to understand, error-free and includes all the information your customer needs, then it will help speed payment. It’s also an important legal document that states what you provided and makes a formal request for payment. What is an invoice? According to the Oxford English Dictionary, an invoice is: A list of goods sent, or services provided, with a statement of the sum due for these. And then, like everyone else who’s not an accountant, you find you don’t really know what an invoice ought to include. ![]() You’ve defined your product or service, you’ve bought your stock, you’ve got your very first customer! But, they need an invoice. That’s how we verify the VAT rates are always accurate.įor more detailed information about completing this step, read on about how to customize your Quaderno and PayPal integration.Starting a business is exciting. Quaderno will automatically track the IP address location to ensure it matches your customer’s given postal address. ![]() Here you can insert the appropriate serialized IP address. Start by going to the Custom variable of your PayPal payment form. There are a couple more steps involved to set up the VAT compliance element, but not much! If you think of all the time it will save you in the long run - day to day and especially at the end of each quarter - it’s definitely worth it. Set up Quaderno’s VAT compliance with your PayPal account Quaderno will ask for your permission to connect to your Paypal account.In your Quaderno account, go to the integrations page and select Paypal.Connect Quaderno with your PayPal accountįirst, link your PayPal and Quaderno accounts. And when it comes time to file your VAT return, Quaderno provides you with an easy-to-read tax report at the click of a button. Refunds? We send your customer a credit note automatically.īut what we’re most proud of is that a Quaderno customer can comply with VAT all across the EU, simply and easily. Yeah, it’s a relief knowing you can just use PayPal and everything behind the scenes will be taken care of. Since that’s a crushing burden that many SMBs don’t have the hardware or the staff for, many business owners find automatic solutions to take care of the EU VAT process for them. At the end of each quarter, you send out a VAT statement to each EU country where you sold to a customer, then pay each statement. (Unfortunately their word isn’t enough, or everyone would just say a tax-free location like Luxembourg!) You hold on to that data for 10 years. And you have to be ready to charge all of them if you sell a product (including software, ebooks, and more) to a customer inside the EU.īecause of EU data protection rules, you have to keep data on your customers, information that proves where they’re based. Far from it! Since most EU countries have their own specific VAT rate, and some even have different VAT rates for different products, there are potentially 75 VAT rates. But, see, the EU doesn’t have one VAT rate. Theoretically, the EU has one sales tax law: you must charge VAT at the rate of the buyer’s home country. That means if you have customers anywhere in the EU, you can automatically comply with the tax laws of 28 different countries. Quaderno also ensures complete EU VAT compliance for PayPal. But there’s something even more important. Of course, that’s convenient, and that’s great. Quaderno has a full PayPal integration that takes automating billing to the next level! So you can connect your PayPal and Quaderno accounts seamlessly, and Quaderno will automatically create and send tax invoices to your buyers.
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