GULP Consulting Services GmbH – Credit Memo Procedure
The Credit Memo Procedure serves to accelerate and simplify the accounting of the services provided by you and the other external IT specialists assigned to customer projects by GULP Consulting Services GmbH.
Your advantages:
- Quicker receipt of payment: the term of payment will start on the day when we receive your complete Statement of Activity.
- Higher transparency: You will always have an overview of all steps taken by GULP. For instance, you will see on which date your credit memo is to be paid.
- Less administrative efforts: Instead of issuing an invoice, you will only check the credit memo.
- Always in compliance with the current legal and fiscal requirements: Our accounting experts will always be up to date regarding new fiscal regulations, such as mandatory information to be provided by you.
Here is how the Credit Memo Procedure works – The Basics:
- Once GULP Consulting Services GmbH has decided on your assignment to a customer project, we will send you the Master Data Sheet for the Credit Memo Procedure. Complete this sheet to provide us with your account-relevant data such as your exact company name needed for the contract and your bank account needed for the bank transfers. This will ensure that our payments will directly reach you.
- If you have been assigned to a project by GULP during the period of transition to the Credit Memo Procedure, but you have not yet completed the Master Data Sheet for the Credit Memo Procedure, you will be provided with this sheet together with the Agreement on the Credit Memo Procedure.
- After receiving all data as well as the Agreement on the Credit Memo Procedure signed by you we will email you the link to the Online Credit Memo Tool together with your access data.
- In case the profile owner and the contracting party are identical, you will be able in the near future to link the Credit Memo Tool to your freelancer profile kept by GULP, which means that you will just have one access and login to all information.
Here is how the accounting works:
- Have your Statement of Activity signed by the customer and upload it via the contact form within the Online Credit Memo Tool.
- We will promptly issue a credit memo to be paid at the date as stipulated in the Agreement to your bank account. Thus, you need not issue invoices anymore.
- The term of payment will start upon our receipt of your correct and complete Statement of Activity.
- In case you suspect an error on our part, you may object to the credit memo. This objection will not affect the term of payment.
- Your personal access to the Online Credit Memo Tool will always provide you with an up-to-date overview of all steps. For instance, you will see the date when your Statement of Activity was received by us and the date when the payment is to be effected by us. In the Credit Memo Tool, you will find an overview of all credit notes created so far which can be viewed and downloaded at any time.