# Introduction

OpenBooks is a simple and portable accounting tool. This tool aims to be EU VAT Directive compliant and has country specific compliance for invoice keeping and tax reporting.

What OpenBooks can do:
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- OpenBooks handles administration of invoices, expenses, receipts, contacts, projects, VAT rates and cost centers. 
- OpenBooks can export/send invoices in PDF, UBL and Peppol format.
- OpenBooks can send and receive invoices over the Peppol network (using a locally run `Holodeck <https://holodeck-b2b.org/>` instance).
- OpenBooks can create tax reports and audit files (see supported countries list).
- OpenBooks can create and export income statements.
- OpenBooks can create Intra-Community transactions declaration (ICP) reports.
- OpenBooks stores all incomming and outgoing invoices in Peppol BIS Billing 3.0 format for archiving.

What OpenBooks can't do:
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- Intrastat reporting
- OSS reporting
- PoS Fiscalization
- Automatically submit tax, audit or ICP reports