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Thread: Vat reconciliation

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    Vat reconciliation

    Hi

    Please help me

    What general ledger accounts should balance to my Tax box report in order to check if my tax is correct before submitting via efiling?

    Regards

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    Platinum Member Mike C's Avatar
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    Your VAT/TAX Control account - usually 9500/000
    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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    Thank you Mike C

    Any other accounts like GL Ledger and Sales ledger?

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    Platinum Member Mike C's Avatar
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    That should be adequate unless you are needing to check the Zero-Rated or Exempt or Capital Goods entries.

    In that instance I would recommend going to View/General Ledger/Transactions/Entry Type Detail and print it to a Spreadsheet. Sort according to Tax Code and do your calculations from there.
    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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