Accounting and invoicing for interim managers
Leadership on demand, crisis management and project leadership: interim managers work one to twelve months for a client and bill day rates, supplements and expenses. Saldiqo creates the monthly invoice from days, records travel costs and reminds on long payment terms.
What comes up for interim managers
High day rates, few clients
An assignment brings a lot of turnover with one client. Payment defaults hurt.
Expenses and accommodation
Flat at the place of work, travel and meals are often reimbursed.
Gaps between assignments
Between two assignments no revenue arises. An overview of costs and reserves helps.
How Saldiqo helps
- Monthly invoice from daysRecord days, create the invoice.
- Re-invoice expensesReceipts as expenses, line with the receipt.
- RemindersKeep open invoices in view.
- Overview of income and expensesA report per year or assignment.
Typical invoice lines
Examples that often appear on invoices in this industry. You set the prices yourself.
- Interim management, 21 days in November
- Supplement for travel days
- Accommodation as per receipt
- Travel costs as per receipt
- Standby outside assignment days
- Final report and handover
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
How do I bill days and expenses?
Days as a line, expenses as further lines with the receipt.
Can I evaluate assignments separately?
Yes, with cost centres per assignment.
Do interim managers 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 interim managers 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 interim managers 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.