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Accounting and invoicing for carpentry firms

Roof truss, timber frame, carport, extension: carpentry firms tie large amounts of timber and hours to a job and bill in stages. Saldiqo issues stage invoices on timber order and fitting, runs the final invoice and assigns timber and crane invoices to the job.

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What comes up for carpentry firms

High material value

Structural timber, insulation and fittings make up a large part of the price and have to be pre-financed.

Crane and third-party services

Crane, structural design and scaffolding come from third parties and are often re-invoiced.

Fitting time

Fitting at height, weather and dates make effort hard to predict, so exact time tracking is useful.

How Saldiqo helps

  • Stage invoices on timber order and fittingQuote, stage invoices by section, final invoice.
  • Re-invoice third-party servicesRecord crane, design and scaffolding as expenses and re-invoice them.
  • Time trackingRecord fitting time per job and evaluate it.
  • Cost centre per projectEvaluate material, time and invoices per project.

Typical invoice lines

Examples that often appear on invoices in this industry. You set the prices yourself.

  • Roof truss cutting and raising, flat fee
  • Timber frame wall, square metres
  • Crane use re-invoiced as per receipt
  • Fitting, hour
  • Structural timber as per delivery note
  • Stage invoice 30 % on timber order

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 pre-finance timber purchases?

With a stage invoice on timber order, straight from the quote.

Can I re-invoice crane and design?

Yes. You record the invoice as an expense with the job’s cost centre and re-invoice it as a line.

Do carpentry firms 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 carpentry firms 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 carpentry firms 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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Write invoices, match payments, collect receipts and send reminders: free and without a trial period.

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As of October 2026. General information, not legal or tax advice, without guarantee. For your case ask your tax adviser.