What is reversed billing? 

Reversed billing means that we provide you with an invoice. You don't have to send us an invoice. Once we have processed the hours agreed by the client, our system automatically generates your invoice. So it is important that you process your hours in the clients time system. We will send you the invoice by e‐mail so that you can process it in your administration. Because the invoice no longer has to be authorized by us, the process is considerably faster. 

Is reversed billing allowed with the tax authorities? 

Yes, this has been reviewed by the Dutch Tax Office. The reversed billing invoice must comply with all requirements laid down under the law. The design, layout and content of our reversed billing invoice is fully fulfilled here. For example, we have set up that each  ZZP'er or supplier knows its own invoice number series. Data such as date, address, VAT number has also been entered. 

How should I match the invoice sequence, issued by ITSync, to my own invoice sequence?

You can include the number series we have issued for your invoices in your own accounting. The Tax Office allows you to use one or more consecutive invoice number sequences within one administration. 

I want to keep creating my own invoice because I can't easily enter the invoice from ITSync in my accounting package. Can this be? 

You can still create an invoice yourself in your own accounting software, that matches the reversed billing invoice from ITSync. This invoice must be exactly the same as ours in terms of hours, rate, turnover and sales tax. We use our own number when disbursing the reversed billing invoice.   

What happens when I don't agree with the reversed billing invoice from ITSync? 

Contact us via fa@itsync.nl stating the invoice number. We'll take the problem into consideration immediately. If there are too many or too few hours,  this will probably solve itself the next month. It is therefore VERY IMPORTANT that all hours have been approved by the end of the month. If they have not been approved on time, the payout will also follow a month later.

In practice

You will see that your time sheets fit nicely with our reversed billing invoice, provided you have been approved for hours on time. The differences that  may occur usually have to do with hours of the last week of a month that had not been approved on time. To do this, you will receive an additional invoice next month.  So  you can get an invoice in April, for the 'forgotten' hours of March. 

When do I receive the invoice? 

No later than 3 workdays after the first Wednesday of the month (unless this is a public holiday or the month has started on a Wednesday). See the table below:

What is the payment period? 

This one was agreed in the framework agreeement. By default, it is 30 days or within 10 days with a 2% payment discount, based on the above invoice dates. 

Standby hours

For standby hours, a separate document must be signed by the manager. Send it to fa@itsync.nl and will be processed straight away. You will also receive a reversed billing invoice. The payment period for standby hours is always 30 days. 

Payment on G‐account

Runs as agreed in the framework agreement. 

Other questions about reversed billing? 

Didn't you find the answer to your question about reversed billing? Or do you want to know more about the benefits? Please contact us at fa@itsync.nl or call 085–0403270.