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Thread: Pastel v11 Tax Report Difference

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    Pastel v11 Tax Report Difference

    Hi There

    I am using Pastel v11 for the first time and on printing the tax type report for Jan & Feb, I'm finding the following difference:

    Balance of Tax Control Account as at 28/02/2013 R43 912.18
    Tax Total as per this report R43 780.35
    Closing Balance of VAT/Tax Control Account is R43 912.18

    It gives me a difference of R131.82. As far as I know, the report printed out at the end of December balanced and that amount was paid to SARS. I notice in the VAT/Tax Control Account, however, that the opening balance for Jan/Feb differs by the same amount yet we have checked through our processing and cannot find anything that may have been backdated to the previous tax period.

    Would anyone be able to help us figure out what other things we could look at that may have caused this difference? Any help would REALLY be appreciated!!

    Thanks
    Sasha

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    Platinum Member Neville Bailey's Avatar
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    Hi Sasha, something else that you can check is whether any transactions have been allocated directly to the VAT control account, apart from your payments/claims to and from SARS.
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    Sasha (02-Apr-13)

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    Platinum Member Mike C's Avatar
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    Hi Sasha - an invoice dated the previous month and entered after VAT was paid will show a difference. Also check your journal entries ... if you use 01 in Journals they do not always show correctly in the report.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

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    Sasha (02-Apr-13)

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    Thanks so much...really appreciate your help! Will let you know if I manage to sort it out.

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    Thanks all - managed to resolve the issue. The previous bookkeeper had left out a VAT amount for an entry posted in June last year. Thank heavens we managed to find it!

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    Platinum Member Mike C's Avatar
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    Quote Originally Posted by Sasha View Post
    Thanks all - managed to resolve the issue. The previous bookkeeper had left out a VAT amount for an entry posted in June last year. Thank heavens we managed to find it!
    The latest Pastel (Xpress 12) now has an option where you close your VAT after doing your return. Any "late" entry after that is flagged and shows in your report. I think that this will be quite a helpful feature.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

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