VAT Information Reconciliation [Detail]

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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 assumes that the beginning balance of the reconciling linked VAT collected paid account for the period is the closing balance for the previous period and has been paid/received, and only displays figures for the current financial year. Users should use back up copies of previous years to create a reconciliation report for dates in previous financial years.

Note: The report displays only transactions that were entered in windows to which your password allows access.

More Details about the VAT Information Reconciliation [Detail] Report

VAT Information Reconciliation [Detail] Report
1/10/02 To 31/12/

Date ID No. Name Rate VAT Collected VAT Paid

_________________________________________________________________________________________________

2-1310 VAT Due      
S Standard        
12/11/02 00000003 Customer 2 17.50% £650.65  
11/30/02 CR00001 Payor 1 17.50%   £464.45

_________________________________________________________________________________________________

      Total: £650.65 £464.45
 
N-T No Tax        
10/10/02 00000001 Customer 1 0.000% £0.00  

_________________________________________________________________________________________________

      Total: £0.00 £0.00
           
   

_______________________________________

      Grand Total: £650.65 £464.45
           
  Expected Account Balance on 12/31/02 £186.20    
  Expected Account Balance on 12/31/02 £186.20    
  Out of Balance: £0.00