Operations — VAT, invoice clearance, payroll
Day-to-day life for an Israeli company: VAT at 18 %, mandatory ITA invoice clearance, Bituach Leumi contributions, and shekel cash-flow management.
VAT Return 18 % (PCN874)
VAT return in Israel at 18 % (PCN874): how the periodic report works, what input VAT you may deduct and how to prepare the figures before the due date.
Invoice Clearance / Allocation Number
Invoice clearance in Israel: what the allocation number is, which invoices need one, how it affects your customer's deduction and what to keep on file.
Bookkeeping (Single / Double Entry)
Bookkeeping in Israel: single vs double entry, what records the Tax Authority expects, how long to keep them and how to prepare the year-end closing.
Payroll + Bituach Leumi & Pension
Payroll in Israel: income tax withholding, Bituach Leumi contributions, mandatory pension and the payslip, plus how to organise the employer calendar.
Invoicing (ILS & Multi-currency)
Invoicing in Israel in ILS and foreign currency: tax invoice, invoice-receipt and credit note, mandatory details, numbering and how to handle exchange rates.
Bank Reconciliation
Bank reconciliation for Israeli businesses: match statement lines to invoices, handle foreign-currency receipts and standing orders, and close each month.
