Can I convert my recs to euros?

2018-05-20T18:53:11+00:00May 20th, 2018||

The change of recs to euros is guaranteed, but only for establishments, small businesses and self-employed workers. Individuals have the responsibility to not change more recs than they can use. Even so, the conversion of recs to euros is not [...]

How do recs work at the tax level?

2018-05-20T18:52:46+00:00May 20th, 2018||

The recs do not affect the taxation of the company or the tax declaration. Sales, purchases and expenses are always made in euros, regardless of whether they are charged or paid in euros or recs. Therefore, the invoices are all in euros [...]

How do I do my accounts?

2018-05-20T18:52:18+00:00May 20th, 2018||

As for accounting, the account in recs acts as a normal treasury account (570/572 cash or banks). When I buy recs, I make an entry to the Treasury account in recs and an exit to the account of the corresponding [...]

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