Accounting and invoicing for bicycle shops
New bikes, e-bikes, repair, leasing and accessories: a bicycle shop sells high-priced goods, services bikes and supplies companies with leasing offers. Saldiqo writes invoices for workshop and business customers, issues deposits for orders and records manufacturer invoices and parts.
What comes up for bicycle shops
High-priced goods
E-bikes cost several thousand euros. Deposits secure orders with long lead times.
Workshop and sales
Repair and service by the hour and parts, sales with warranty.
Business customers
Companies lease bikes for staff and pay by invoice.
How Saldiqo helps
- Deposit on orderQuote, deposit, final invoice.
- Workshop invoiceParts and labour as lines.
- Record manufacturer invoicesWith due date and cost centre.
- Company invoicesPayment term and reminders.
Typical invoice lines
Examples that often appear on invoices in this industry. You set the prices yourself.
- Trekking e-bike, deposit on order
- Service and brake maintenance
- Workshop labour, hours
- Spare parts as per delivery note
- Leasing instalment for company bike, November
- Accessories and helmet
Tax and invoicing in Cyprus
What applies to invoices in Cyprus, in short. As of October 2026.
- VAT
- Rates 19 %, 9 %, 5 % and 3 %, plus 0 % until 31 December 2026 for infant milk, nappies, hygiene products and fresh fruit and vegetables.
- VAT registration
- The threshold is €15,600 of taxable turnover over 12 months, or expected within the next 30 days. If you sell services to businesses in other EU countries, you generally register from the first sale. Until you are registered, Saldiqo leaves VAT off and adds up your turnover.
- What goes on an invoice
- Even businesses that are not VAT registered must issue invoices and receipts. Companies show their name, HE number, the words “private company” where they apply, and their registered office. Notes such as reverse charge appear in Greek and English.
- Invoice timing
- Issue invoices within 30 days.
- E-invoicing
- There is no mandate. Public bodies accept e-invoices (Peppol BIS 3.0) and suppliers send them voluntarily. EU rules follow from 1 July 2030.
- VAT returns
- VAT4 returns are filed online through TFA, quarterly with staggered periods, by the 10th of the second month after the period, moved to the next working day if it falls on a weekend. Saldiqo does not file returns.
- Record keeping
- Plan for 10 years. The minimum is 6 years, VAT records can need up to 7 years, and OSS records 10 years.
- Late payment
- Interest on late business payments is 10.40 %, plus €40 compensation between businesses.
- Languages
- Use Saldiqo in Greek or English and send invoices in either language.
Frequently asked questions
Does Saldiqo replace the shop till?
No. Saldiqo is not a till system. Cash sales belong in a till that meets the rules of your country.
Can I bill leasing instalments automatically?
Yes. A recurring invoice creates the instalment on a fixed date.
Do bicycle shops in Cyprus have to charge VAT?
Once they are registered, yes. The threshold is €15,600 over 12 months, or expected within 30 days. Services to businesses in other EU countries require registration from the first sale.
Do bicycle shops in Cyprus need e-invoicing?
No. Public bodies accept e-invoices through Peppol and suppliers use it voluntarily. EU rules follow from July 2030, so PDF invoices remain fine today.
How long should bicycle shops keep invoices?
Plan for 10 years: the minimum is 6 years, VAT records can need up to 7 and OSS records 10. You can store receipts digitally in Saldiqo. The legal duty to keep records stays with you.
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As of October 2026. General information, not legal or tax advice, without guarantee. For your case ask your tax adviser.