• views: 79
• date: 25 November 2024
• posted by: voska89

What you'll learn
Reconcile VAT per month, category allocated by SARS and per financial year
How to prepare your VAT report should SARS select you for audit/verification
How to deal with tax invoices previously disallowed, which has now been corrected
How to calculate your VAT effective rate and how to use it in your day-to-day VAT management
Requirements
No prerequistes required
Basic understanding of VAT
Description
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.Topics Discussed:Reconcile VAT per month, category allocated by SARS and per financial yearHow to prepare your VAT report should SARS select you for audit/verificationHow to deal with tax invoices previously disallowed, which has now been correctedReconcile the SARS SOA with your general ledgerIdentifying transactions in your books of account that should form part of your VAT recon as a reconciling itemThe SARS SOA – how does it work and how to record the information in your books of accountHow to calculate your VAT effective rate and how to use it in your day-to-day VAT managementReconciling your VAT201 returns with the AFS / TBExecuting a Year-to-date recon categorically to include transactions posted after a VAT period close offFixing errors made on the VAT201 and in the General ledgerIn addition to the above, the following adjustments will be demonstrated as well:Mixed supplies & apportionmentFringe benefitsDisposal of assetsExit VAT - cease to be a vendorSection 18 (4)(b) - pre-registrationCost recoveries + on/suppliesChange in useTrade discounts2nd hand goodsAdditional assessments raisedBad + doubtful debtClawback adjustment
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: The VAT Reconciliation Course
Lecture 2 Part 1
Lecture 3 Part 2
Lecture 4 Part 3
Lecture 5 Part 4
Lecture 6 Part 5
Individuals,Financial management,Business professionals,Business owners
Homepage

https://www.udemy.com/course/the-vat-reconciliation-course/

DOWNLOAD LINK

No Password - Links are Interchangeable

   
   
   

Forex Trading

Crypto Trading. 20 USD Bonus after KYC

We need your support!
Make a donation to help us stay online
        
Bitcoin (BTC)
bc1q08g9d22cxkawsjlf8etuek2pc9n2a3hs4cdrld
	
Bitcoin Cash (BCH)
qqvwexzhvgauxq2apgc4j0ewvcak6hh6lsnzmvtkem

Ethereum (ETH)
0xb55513D2c91A6e3c497621644ec99e206CDaf239

Litecoin (LTC)
ltc1qt6g2trfv9tjs4qj68sqc4uf0ukvc9jpnsyt59u

USDT (ERC20)
0xb55513D2c91A6e3c497621644ec99e206CDaf239

USDT (TRC20)
TYdPNrz7v1P9riWBWZ317oBgJueheGjATm

0 1 2 3 4 5

| Print version |

	Information
		Users of GUESTS are not allowed to comment this publication.