This report displays a list of linked VAT collected/paid accounts during a specified period. If there are any inconsistencies (for example, inappropriate transactions allocated to VAT linked accounts) an ‘Out of Balance’ figure will be displayed. This report only displays figures for the current financial year, taking as the opening balance of tax code linked accounts their closing balances from the previous financial year (which it assumes have been paid or received). If you want to create a VAT Information Reconciliation report from a previous financial year, do this from a back up copy of your previous financial year’s company file.
Click a Date,
ID No.,
Name,
Rate,
VAT Collected or
VAT Paid amount to open the original transaction window.
