Results 1 to 2 of 2

Thread: recon tax account on pastel

  1. #1
    New Member
    Join Date
    Aug 2014
    Location
    pretoria
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts

    recon tax account on pastel

    i have started a job at a new company and the tax account is out of balance on the tax box report since 2011. how do I recon this and how do I rectify the imbalance
    thanks

  2. #2
    Bronze Member Beancounter's Avatar
    Join Date
    Oct 2011
    Location
    Pretoria
    Posts
    118
    Thanks
    19
    Thanked 29 Times in 24 Posts
    Compare the tax box reports from 2011 to what was submitted on eFiling and what was paid. If Output or Input taxes were over- or understated, claim or declare per the next VAT201 return. Request the VATSA statement of account on eFiling to verify the outstanding balance / amount overpaid. Outstanding balance will have to be paid. Overpayments would have been refunded if the banking details were correct.

    Be sure to debit the penalties and interest amounts so paid to the relevant expense account and not the VAT control account else your account will be out of balance again.

Similar Threads

  1. Pastel Express: Inter-account transfers
    By Elijah in forum Accounting Forum
    Replies: 6
    Last Post: 31-Jan-17, 10:30 AM
  2. [Question] Pastel Xpress Customer Account Missing
    By DPI Admin in forum Accounting Forum
    Replies: 0
    Last Post: 05-Aug-14, 10:36 AM
  3. [Question] Vat control account balance, pastel
    By Jackievdw in forum Accounting Forum
    Replies: 6
    Last Post: 19-Feb-14, 10:55 AM
  4. [Question] Customer Account with different Branches Pastel Express 11
    By Paarlite in forum Accounting Forum
    Replies: 5
    Last Post: 13-Aug-13, 08:39 AM
  5. Pastel Partner 11 Multiple Account Setup
    By farhad in forum Accounting Forum
    Replies: 1
    Last Post: 15-Oct-12, 11:44 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •