Results 1 to 4 of 4

Thread: Vat reconciliation

  1. #1
    Junior Member
    Join Date
    Feb 2015
    Location
    Cape Town South Africa
    Posts
    11
    Thanks
    1
    Thanked 0 Times in 0 Posts

    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

  2. #2
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    Your VAT/TAX Control account - usually 9500/000
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

  3. #3
    Junior Member
    Join Date
    Feb 2015
    Location
    Cape Town South Africa
    Posts
    11
    Thanks
    1
    Thanked 0 Times in 0 Posts
    Thank you Mike C

    Any other accounts like GL Ledger and Sales ledger?

  4. #4
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    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.
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

Similar Threads

  1. Excel spreadsheet for VAT reconciliation
    By JaunetteK in forum Accounting Forum
    Replies: 17
    Last Post: 07-Jun-17, 07:03 AM
  2. BANK RECONCILIATION
    By Tat in forum Accounting Forum
    Replies: 3
    Last Post: 28-May-14, 12:33 PM
  3. biannual PAYE reconciliation
    By daveob in forum Tax Forum
    Replies: 5
    Last Post: 14-Sep-11, 02:38 PM
  4. IRP 5 mid-year reconciliation
    By Martinco in forum Tax Forum
    Replies: 3
    Last Post: 22-Aug-11, 11:52 AM
  5. IRP 501, employees tax reconciliation
    By duncan drennan in forum Tax Forum
    Replies: 1
    Last Post: 18-Apr-07, 04:46 PM

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
  •