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Reopening a quarter – trade goods for services – impact on declarations?

GL
09/12/2023
Question

Apparently, I entered a number of goods as trade goods at the start-up (i.e. created a cost category (incorrectly) and continued to use it).
These are PPE (personal protective equipment) for my secondary occupation.

Now I have been notified that I have to draw up an inventory of these items at the end of this financial year, etc., because for accounting purposes they are trade goods for sale.
Can I simply reopen the previous quarters and adjust these invoices? Do I have to re-upload quarterly returns or something similar?

The moral of the story/question: are there any pitfalls I should be aware of?
Or is it better to leave everything as it is and remove it from inventory in some way? (How?)

Reopening is possible: Dexxter: Settings->General->Reopen quarter

You must open all quarters up to the quarter in question.You can then edit the category of the relevant invoices and close quarter back.

Thanks for the printout tip! I hadn't thought of that myself.

In the meantime, I have been in contact with the government/vAT administration by telephone and would like to add something else.
Among other things, if a quarter is reopened and edited, you have to upload everything on Intervat. (If I remember correctly, the vAT had to be recalculated.) Also, rebooking a Good (trade goods) to services causes it to change in the accounting grid. This is if it is just a simple rebooking of an item; for more serious corrections, you will either have to pay additional vAT (or receive a larger refund).

I have manually updated everything on Intervat (no idea if the XML also works). Important are grids 81 (commercial goods), 82 (services/miscellaneous goods) and 83 (investments), and apparently if you make purchases abroad, grids 86 & 88 also apply.
More information about the vAT grids can be found here;
www.zelfstandige.vlaanderen/wa...-schedule-for-vAT-declaration/

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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