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Preparing for SARS: The VAT Reconciliation Webinar

Name: Preparing for SARS: The VAT Reconciliation Webinar
SKU: 00787
Price: 650.0 ZAR
Availability: InStock

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SKU 00787

R650.00

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Preparing for SARS: The VAT Reconciliation Webinar

Store/Webinars

Product Details

This course is a practical, step-by-step guide to building a VAT reconciliation that can withstand SARS scrutiny.

The session focuses on how to reconcile VAT reports to the general ledger, VAT control accounts, and source documents, so your VAT201 submissions are accurate, consistent, and easy to defend during verification or audit.

The course is designed to help learners spot errors early (coding, timing, missing invoices, incorrect zero-rating) and compile a clean “VAT evidence pack” for each period.

Topics Discussed:

Module 1: What SARS Wants to See — The Purpose of a VAT Reconciliation
- Why reconciliations matter, what SARS checks in practice, and the difference between a “VAT calculation” and a “VAT reconciliation”
Module 2: The VAT Reconciliation Framework (Your Repeatable Template)
- The core components: VAT201 ↔ VAT reports ↔ general ledger ↔ VAT control accounts ↔ source documents, and how to structure a period file
Module 3: Output VAT Reconciliation — Sales to VAT201
- Reconciling sales registers, VAT on sales, credit notes/discounts, and ensuring output VAT totals agree across systems and the VAT201
Module 4: Input VAT Reconciliation — Purchases to VAT201
- Reconciling purchase/expense VAT, ensuring valid documentation exists, separating disallowed claims, and confirming correct period allocation
Module 5: VAT Control Accounts — The Heart of the Reconciliation
- Understanding the VAT output/input control accounts, checking movement, identifying misallocations / postings and journals, and ensuring the net VAT position is correct
Module 6: Timing and Cut-Off — Preventing Period Drift
- Common cut-off problems (late invoices, deposits, month-end processing), how timing affects VAT, and a simple approach to period-end VAT discipline
Module 7: Zero-Rated, Exempt, and Out-of-Scope — The Coding Risk Zone
- Why these categories create reconciliation challenges, how misclassification impacts VAT, and what to double-check before submission
Module 8: Adjustments and Corrections — Journals That Must Be Tracked
- Managing adjustments (credit/debit note corrections, bad debt considerations at high level, change-in-use conceptually), and ensuring adjustments are supported and traceable
Module 9: Investigating Differences — A Practical Troubleshooting Method
- A clear process for finding variances: report filters, tax codes, rounding, duplicate invoices, missing documents, incorrect supplier VAT details, and misallocated payments
Module 10: Building the SARS VAT Pack — What to Keep and How to Present It
- Creating a clean supporting file: reconciliations, VAT reports, invoice samples/support, import docs (if any), explanations for variances, and a checklist to reduce verification stress

All Included:

Recording of the webinar
Q&A with the presenter
Downloadable course material
Certification of training
Assessment (optional)
SAIT Accredited (2 verifiable CPD hours)

Why Choose Us?

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About Us

Gary Garbutt,

Head of Operations

Biz Facility Pty Ltd

(Registration number: 2011/105349/07)

Mission Statement:

To provide value added skills and tools through superior training and engagement that enables our clients to become more financially skilled.

Our Vision:

To provide practical skills and tools to small and medium business owners and individuals, in order to effectively utilize accounting data to manage their business or area of operation, and to effectively manage their tax obligations, both personally and professionally.

Biz Facility, founded in 2010, was founded to provide practical training interventions to small and medium sized businesses, as well as individuals, to equip clients in managing their business’s and tax affairs more effectively.Biz Facility provides both training and financial services to its clients:

Contact us

021 300 1230

orders@bizfacility.com

www.bifacility.com

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