Welcome to the month end blues… Especially when you have to submit VAT.

Submitting a VAT return is not just as simple as reading amounts from your TB, or even a tax report. Before you submit you need to make sure that all transactions processed were correctly captured for VAT purposes.

This is an important step to make sure you adhere to the rules of VAT.

In the past I found it extremely difficult to get comfort before submitting a VAT return, without spending many hours working through multiple GL exports and financial reports. I spent most of my time generating reconciliations instead of reviewing them, so the time to apply my mind was limited.

Using a #BI tool to reconcile VAT enables me to have a grip of my data up to transaction level. Now I spend most of my time reviewing the results and analysing how input and output VAT were captured to proactively identify and rectify errors before submission.

I save so much time and I get a better result.

MyVAT reconciles your VAT to transaction level - built for Patel Partner and #Pastel Xpress.

How do you recon VAT?