Cash Payments

For each declaration year, you must report the year in which cash payments were received, including transactions that were invoiced in a previous year and paid in cash in the declaration year. This requirement applies when the cumulative total of the cash payments from a customer is equal to or exceeds 6000 euros. For example, if you prepared an invoice for 10,000 euros in 2009, and received a cash payment of 10,000 in 2010 to apply to the invoice, you must report that the transaction was invoiced in the year previous to the receipt of the cash payment. Likewise, if you prepared an invoice of 10,000 euros in 2009 and received 2 separate cash payments of 5000 euros in 2010, you must report that you received 10,000 euros in cash payments in 2010 for a transaction that was invoiced in 2009.

For the cash payments for a declaration year, the program writes the year that the cash payment was received. The program includes the cash payments that were received in the declaration year, whether invoiced in the declaration year or the previous year. The program also writes the year of the invoice to the new Invoice Declaration Year field in the F74S72 table.

Note: The Generate Acquisitions program (R74S100) also inserts type 2 records into the F74S72 table. However, the Generate Acquisitions program does not retrieve data for cash amounts. The Generate Acquisitions program writes the value 0 to the Invoice Declaration Year field in the F74S72 table.