Income calculation

Consistency is the most important thing in the calculation of income: correct moment of recognition, correct document and harmonized VAT treatment. FEDRA sets a clear process so that the calculation of income is accurate in each period and so that management has a reliable basis for decisions.

At the start, we define the revenue recognition policy in accordance with IAS/IFRS (IFRS for SMEs). We separate revenues from the sale of goods, services, projects and subscriptions. For contracts with multiple deliveries, we introduce milestones and rules for partial recognition, so that the revenue faithfully follows the actual realization.

We harmonize invoicing with e-Invoice: advance invoices, final invoices, cancellations and approvals are issued with correct transaction dates and references. We build controls against duplicates and errors in the VAT base, which reduces subsequent corrections and the risk of penalties.

Periodization and cut‑off are key for the end of the month. When the delivery is made, revenue is recognized; when it is not, it remains as deferred revenue or prepaid service. For long-term projects, we use recognition by progress (percentage) or by delivery, depending on the contract and relevant standards.

We process the VAT treatment of income consistently: turnover date, rates, exemptions (e.g. export) and special regimes. We reconcile KIF with the general ledger and make sure that VAT and income are recognized in the correct periods, with clear supporting documentation.

Reconciliations are a monthly routine: customer ledger and general ledger, open items, advances and offsets. This gives you an accurate DSO (billing days), an overview of due receivables and a realistic cash‑flow plan. We record all deviations and close them with payment recommendations.

Sales reports turn numbers into decisions. You get revenues by product, channel and customer, growth trends, margins and KPIs like MRR/ARR for subscriptions. Based on these insights, we jointly optimize pricing policies, discounts and contractual terms.

Security and process traceability are standard: 4‑eye control, audit trail of every change, digital archive of invoices and contracts, as well as access by roles. All this while respecting the ZZPL/GDPR rules and clear deadlines for keeping documentation.

Onboarding je jednostavan. Definišemo “cut‑off” datum, preuzimamo šifrarnike kupaca/proizvoda, mapiramo konta i PDV kodove, povezujemo e‑Fakturu i (po potrebi) CRM ili sistem za porudžbine. Prvi mesečni obračun prihoda najčešće završavamo u roku od 10 radnih dana od kompletiranja podataka.