Example postings – domestic sales and purchases

Selling a service to a customer

Example: selling a consulting service, which is part of the company's normal business activity. The entry is made on a cash basis, when the money arrives in the bank account.

In NoCFO: choose Sale as the transaction type, Bank account as the payment method, and a suitable sales account. VAT is calculated automatically from the account's default settings.

Small purchase for the company

Example: buying a new laptop for the company. It's worth checking the euro thresholds for small purchases on the vero.fi website, as they change from time to time. If the purchase exceeds the depreciation threshold, it's treated as a depreciation instead of a direct expense.

In NoCFO: choose Purchase as the transaction type, Bank account as the payment method, and a suitable expense account.