Channel the VAT to correct accounts

General Ledger VAT Configuration

A new VAT system requires careful consideration of the way in which the general ledger should be configured to capture and record VAT that must be recorded as payable, recovered/deducted or expensed.

Based on local legislation and the Unified VAT Agreement, we can collaborate with your business and your IT team or consultants to determine the appropriate general ledger VAT accounts that will be needed by your business to facilitate effective and auditable VAT reporting and reconciliations.

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