Category: Retail in Morocco
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Output VAT in Morocco: calculating and checking it before you file
Turnover times the rate almost never gives your output VAT. The gaps are normal — you just have to know which ones.
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VAT chargeability in Morocco: cash received or debits, which date applies
Invoicing does not make VAT due. By default collection triggers the liability — and opting for debits is paid for in cash flow.
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Accrued expenses and accrued income in Morocco: the closing method
The debts nobody invoices you for: leave earned, bonuses owed, interest accrued, rebates promised. They exist all the same.
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Customer and supplier subsidiary ledgers in Morocco: how to control them
The control account says how much. The subsidiary ledger says who. When the two disagree, something has gone missing.
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Interim accounts in Morocco: purpose and method
Waiting for the year-end to find out where you stand means steering by the rear-view mirror once a year.
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Supplier credit note or refund in Morocco: how to record it
A credit note is not income. It cancels a purchase, VAT included, and the account depends on what it corrects.
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Recording a sale in Morocco: a complete worked example
The customer owes the gross, your revenue is the net, and the difference is not yours: it is VAT collected for the state.
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Recording a purchase in Morocco: a complete worked example
Three lines, one principle: the cost excluding VAT, the recoverable VAT on its own, the supplier owed the full total.
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Disposing of a fixed asset in Morocco: invoice, entry and result
The gain is not the sale price. It is the gap between that price and the net book value, and VAT can hold a surprise.
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Fixed asset register in Morocco: contents and upkeep
A table nobody keeps until the day the ETIC has to be filled in, a depreciation charge justified, or an asset proved to still exist.
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Depreciation, impairment or provision: what is the difference in Morocco?
Three entries the Moroccan chart files under one word: provision. Two questions are still enough to choose between them.
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Bad debts in Morocco: evidence, accounting and tax
Giving up on collection does not make a debt irrecoverable. You need outside proof that the money will never arrive.
