Brilliant Vat Turnover Reconciliation Template Excel

INSTRUCTIONS FOR USING THE VAT CONTROL ACCOUNTS RECONCILIATION SPREADSHEET Enter the following details on the blank reconciliation sheet.

Vat turnover reconciliation template excel. Rhodam Posted February 14 2012. A registrant or registered taxpayer means a taxable person who is registered for VAT and is required to charge VAT and. If the amount is above the threshold.

Hello I am trying to reconcile the years VAT returns with the annual accounts turnover which is a standard reconciliation for accountants. However I have a reconciliation that I have been using for the last ten years in Excel this is a very useful tool as most accounting software packages only report on the 2 months or 1 month that you pull for the report. Unexpected manual journals Monthly EC Sales reconciliation to VATrevenue GL balances Training documentation eg.

Take the balance per the books the balance per wherever else the balance is the returns for VAT and then find out why the two numbers are different. Make reconciliation check a specific point in the return sign off Run periodic reports to check VAT balances and work with Finance to clarify issues eg. Get More Excel Templates.

When you buy through links on our site we may earn an affiliate commission. The year end and VAT end is the same we are on annual accounting. This simple bank reconciliation template is designed for personal or business use and you can download it as an Excel file or Google Sheets template.

So it is reconciled. Download UK VAT Taxable Turnover Calculator Excel Template. The total of the VAT amount column gives you the amount of Out put tax.

Courses Finance Accounting Money Management Tools Excel Bank Reconciliation VAT on Excel. A reconciliation is a reconciliation whether bank cash VAT or any other balance sheet account. However the second year accrual output VAT is less than the corresponding annual turnover.