
VAT reconciliation is the process of comparing the VAT that a business has collected from customers against the VAT that the business has paid on its purchases. The purpose of this process is to ensure that the correct amount of VAT has been accounted for and paid to the tax authorities.
In addition, you must also consider transactions that do not appear on your VAT report (for example adjustments and deemed supplies) as well as reconciling your general ledger to the SARS statement of account (SOA).
This session aims to assist the learner with the VAT reconciliation process, that can become quite complicated.
Join us for this insightful and practical session, during which a step-by-step process of VAT reconciliation will be demonstrated, and useful templates will be provided.
In addition to the above, the following adjustments will be demonstrated as well:
All Included:
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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: