Performing a Value-Added Tax (VAT) reconciliation
May, 2019 No Comments Uncategorized
The objective of performing a VAT reconciliation is to ensure that input tax and output tax has been declared to the South African Revenue Service (SARS) in full within the relevant period. This completeness check can be quite daunting; however, it is worthwhile for both SARS and the taxpayer. ...
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6 Reasons why your spreadsheets don’t make the grade
January, 2019 No Comments Uncategorized
Spreadsheets are extremely adept at creating ad hoc applications. They can be applied to several financial areas such as: Budgeting and forecasting Consolidations Financial statement notes’ workings Inventory valuation Fixed asset registers Financial modelling The cyclical VAT201 calculations Many finance professionals will easily spend hundreds of hours a year ...
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