Example 1

Suppose that you sent invoices totaling 10,000 euros to Customer 1 in 2009 and that the customer paid 8000 in cash against the invoices in 2009. Suppose further that you sent invoices totaling 15000 to the customer in 2010, and received cash payments against the 2009 and 2010 invoices in the amount of 2000, 7000, and 8000. This table shows the data set for Example 1:

2010 Invoices	2010 Payments	2011 Invoices	2011 Cash Payments
10000	8000	15000	2000 for 2010 invoices 7000 for 2011 invoices 8000 for 2011 invoices

When you generate the 347 tax declaration in 2011 for the customer situation described in the Example 1 data set, the report is populated with two lines for the customer. One line is for the invoice year of 2010, and shows the cash payment made in 2011 for the transactions that were invoiced in 2010. The second line shows the invoice total from 2011 transactions, and the cash payments made for the 2011 invoices.

This table shows the data that would appear in the 347 tax declaration for the 2011 declaration year for Example 1:

Declaration Year	Invoice Declaration Year	Operations Total Amount	Amount Received in Cash
2011	2010	(blank)	2000
2011	2011	15000	15000