Guide
Posting invoices
Accurate, timely posting of incoming and outgoing invoices in line with regulations.
Posting invoices (kontiranje) is the process of entering every incoming and outgoing invoice, bank statement, and cash desk document into the accounting books based on a credible accounting document. This way each business event is recorded on the correct account, so at any moment you know what you owe suppliers, who owes you, and what your result is. Orderly and timely posting protects the company because it ensures accurate VAT records and evidence in case of a Tax Administration audit. The scope and method of bookkeeping depend on the legal form and tax regime: companies keep double-entry books, entrepreneurs taxed on actual income keep business books (double-entry or simple), while lump-sum (paušal) entrepreneurs do not keep business books but only the Record of Turnover (KPO).
What you should know
- Everything is posted: incoming (supplier) and outgoing (customer) invoices, bank statements, and cash desk documents, always based on a credible document.
- Invoices in transactions with the public sector (B2G) and between VAT payers (B2B) are received and sent electronically via SEF (the e-Invoice System): mandatory for B2G from 1 May 2022, and between private VAT payers from 1 January 2023. Such e-invoices are also posted to the books.
- Posting to business books is a legal obligation for companies (double-entry bookkeeping) and for entrepreneurs who keep business books under the Accounting Act; lump-sum (paušal) entrepreneurs instead keep only the KPO record.
- Under the Accounting Act, posting is done in good time, based on credible documentation, so that all deadlines for tax returns and financial statements are met.
- Posting is linked to VAT records (the POPDV form filed with the PP PDV return) and to customer and supplier analytics, which is the basis for an accurate VAT return and for tracking payables and receivables.
How we handle it
- 01 Document intake We collect your incoming and outgoing invoices, e-invoices from SEF, bank statements, and cash desk documents, physically or electronically.
- 02 Credibility check We verify that each document is credible and complete (amounts, VAT, dates, counterparty details) before posting it.
- 03 Coding and posting We code each document to the correct account and post it to the books in good time, with customer and supplier analytics.
- 04 VAT reconciliation We align the postings with VAT records (the POPDV form) so the PP PDV return is accurate and filed on time (as a rule by the 15th of the month for the previous period).
- 05 Reports and control We regularly send you overviews of payables, receivables, and results, and keep the documentation orderly in case of an audit.
Company formation
We register your company with APR and handle all tax and banking obligations.
Read moreSole trader, flat-rate or LLC: which to choose
An overview of the three Serbian legal forms (flat-rate sole trader, sole trader on business books, and an LLC) compared by liability, taxation, bookkeeping and capital, so you can pick the form that pays off best for you.
Read moreOpening a company in Serbia for foreigners
Foreign nationals and companies can set up a business in Serbia on the same terms as locals, and we run the whole process from choosing the form to registration and banking, remotely if needed.
Read moreReady to hand your books to the experts?
Book a free 30-minute consultation. No obligations, just a clear plan for your finances.