VAT filing is a recurring activity that can be done faster and easier thanks to technological advancements. By linking with Digipoort, you can send VAT returns digitally via MKG with just one click. How this works is explained in this article.

What can you do if you have created a purchase invoice but realize that changes need to be made?

A manual journal entry can refer to an accounting transaction that is not directly related to day-to-day operational activities, but rather is a 'memorandum' or recollection of a financial event. It can be used for non-regular or non-routine transactions.

A journal entry is a specific accounting registration within MKG that is used to record a financial transaction. It is a detailed accounting note that specifies the debit and credit entries to show the financial impact of a transaction on a company's general ledger accounts.

The fourth step in the period closing is determining the work in progress value. Use the 'Order List Financial' to report production orders financially ready that no longer belong in work in progress. After determining the WIP value, make the transaction entry.

The second step in the period closure is updating all manual entries. Think of manual purchase and sales invoices, bank statements, cash transactions, and periodic items such as accrued assets and payroll journal entries.

Do you manage inventory? Then you need to determine the inventory value. This is the fifth step in the period closure. Evaluate if there is inventory that needs to be revalued based on the 'Inventory List at Reference Date.' After revaluing items, you make the transaction entry.

MKG has manual and process-oriented journals. Entries from the sales, production, or purchasing process are made in the process journals. This article covers general matters about journals and some specific features of process-oriented journals.

MKG has three ways of furnishing: Basic, Basic+ and Customer-specific. Which set-up you have for your financial administration is chosen during the implementation process. This article shows the differences between the three setups.

Example entry 'Manual Journal' in the 'Manual Journal' journal after the action 'Manual Journal Entry'. Transaction type 13 Manual Journal.

To link actions in the logistical processes of MKG to financial bookings, you can use 4 process groups: for sales, purchasing, inventory, and production. The settings of the production group(s) can be found in the process table 'Production Groups'.

To gain insight into the payroll costs for the relevant period, you must book the payroll journal entry every month. Since this booking is almost the same every period, you use a 'fixed journal entry'. By using this template, you only need to check the amounts to be booked.

To link actions in the logistical processes of MKG to financial bookings, MKG utilizes four process groups: sales, purchasing, inventory, and production groups. In this article: Production Groups.

The journal diary is used for other (monthly) journal entries, such as the payroll journal entry, but also for correction entries. Journal entries are one of the four manual financial entries in MKG.