G-account

What is a G-account?

A G-account is a particular bank account used in the Netherlands for tax purposes, particularly for paying payroll and sales tax (VAT). The letter ‘G’ stands for blocked in Dutch because the money in this account is blocked for other business expenses. It is, therefore, an account that only can be used to pay payroll taxes, premiums, and VAT to the tax authorities or subcontractors. Such an account serves as a suspense account into which employers and clients can deposit money for taxes and social security contributions due in connection with the work of employees or service providers. 

Available documents

The G-account applies to the following documents, among others: 

• Purchase and sales invoice; 
• Sales of draft invoice; 
• Sales proforma invoice. 

Features of the G-account

• Automatic splitting of amounts to the G-account and bank account for purchase and sales invoices. 

Benefits of the G-account

• Payment of taxes: employers and clients can deposit money into the G-account to ensure the correct amount of wage tax and VAT; 
• Liability protection: the use of a G-account helps employers and clients protect themselves against liability for tax debts of their employees or service providers; 
• Transfer to the Tax and Customs Administration: the money deposited in the G-account is automatically transferred to the Tax and Customs Administration at specific times (for example, monthly) to pay the taxes due.

Availability and rates

The G-account app is available in the Microsoft AppSource. You can add this application to your environment without your implementation partner. However, your software changes and starts to react unexpectedly. The team at Bluace is on hand to guide you through purchasing add-ons and ensure a hassle-free expansion. This app is available in the Netherlands region. Please get in touch with us for the rate or if you are interested in using this app and it is unavailable in your area.