VAT Turnover Reconciliation

This reconciliation is linked to the Summary of VAT returns - BS.

Step 1: Pull in your turnover nominal codes using the # functionality


Step 2: The box 6 amounts will be automatically populated based on the inputs in the Summary of VAT returns - BS and any difference will be highlighted.


Step 3: If necessary, enter details of any turnover in the VAT-return that hasn't been processed in the underlying bookkeeping system as well as any turnover in the underlying bookkeeping system that hasn't been processed in the VAT-return.

Step 4: If there is still a difference at this stage, the value of this difference as well as the % relative to the Box 6 total will appear. You will then need to enter an explanation for the difference in order to reconcile the template.

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