Reporting - VAT reconciliation report for South Africa
Please add a VAT Reconciliation Report for South African Xero Orgs.
There is currently no report that allows users to determine which transactions in the VAT Control Account have been posted to which VAT periods and which returns they fall under. Late claims are not indicated anywhere except in the transaction detail within each VAT201, so the Control Account needs to be reconciled externally in excel.
This is particularly an issue when a conversion from another accounting software has taken place and there are opening balances to reconcile. Or if conversion took place mid VAT period.
It would be useful for this report to include a column for the posting date (or 'last edited' date) for each transaction and the user that raised (or last edited) for audit trail.
Jessica Salmon
shared this idea
Thanks for sharing your feedback on a VAT reconciliation report for South African organisations. We appreciate you explaining how this could support your VAT processes.
We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!
Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.
-
alot ubvid
commented
For South African Xero organizations, adding a VAT Reconciliation Report would greatly streamline the process of matching transactions in the VAT Control Account to their respective VAT periods and returns, especially when late claims are only visible within individual VAT201 transaction details. This report becomes essential when migrating from other accounting software or reconciling opening balances mid-VAT period, as it allows users to track every transaction efficiently. Including columns for the posting date (or 'last edited' date) and the user responsible for each entry would enhance the audit trail and improve overall transparency. For reference on clear reporting structures and organized transaction tracking, you can see an example approach similar to how detailed listings are handled on sites like GTA San Andreas Voice Actors https://gtasandresapk.com/gta-san-andreas-voice-actors/ , which ensures each element is properly attributed and easy to review.
-
Hunna Joseph
commented
SimplySolved https://www.simplysolved.ae/corporate-tax-registration-services/ offers comprehensive Corporate Tax Registration
services to help businesses comply with UAE tax regulations smoothly. Their experienced team guides you through the entire registration process, ensuring accuracy, timely submission, and full adherence to regulatory requirements, so you can focus on growing your business with peace of mind.