Peppol and DBNA e-invoicing in over 30 jurisdictions and expanding
VATCalc’s e-Invoicing enables businesses to issue, receive and validate electronic invoices across global mandates.
Unlike other e-invoicing providers, that provide no-value-added invoice exchange, VATCalc embeds a legislative tax engine VAT audit within each e-invoice before submission to tax authorities or acceptance from suppliers.
This ensures that e-invoiced data is accurate, compliant, deductible and automatically reconciled to VAT returns. This removes discrepancies, reduces audit risk, and delivers full VAT integrity in a single application.
Built on same application as our VAT Filer, ensuring sales & purchase e-invoices are fully reconciled to returns
VATCalc’s e-Invoicing is the only solution that not only creates, delivers or accepts e-invoices, but also live audits them against national tax legislation. Thus avoiding errors, risking distracting and costly tax audits.
And, since it is built within the same application as our VAT Filer, your sales and purchase e-reporting to tax authorities is fully reconciled to filed VAT returns to avoid triggering tax authorities’ investigations.
All within a single API, simplifying implementation and keeping costs minimised.
For your sales e-invoices it includes complete consideration for output VAT requirements
Highly accurate legislation-based determination of the VAT
Where there is no choice but to use legacy VAT determination processes, highly accurate legislation-based validation of the VAT
Automated attribution of the required VAT attributes for the transaction for each mandate Issuing of the VAT invoice via the necessary network (Peppol or DBNA) or country mandate
Determination of whether the VAT invoice needs to be sent via a method defined in the taxable country’s mandate
For your purchase e-invoices it includes complete consideration for input VAT requirements:
Validation of the vendor charged VAT so that companies can identify VAT incorrectly applied by their vendors and deduct their input VAT with confidence
Tax code attribution to enable automatic posting with no need for inaccurate human intervention to add tax codes to inbound invoices before they can be posted and included on filings
Digital and traditional returns and listings are built up at the same time the invoices are determined and received, including the correct determination of input VAT deductibility, so that customers can reclaim the VAT they are due and there is no risk of filings not reconciling with VAT e-invoices
e-Reconciliation ensures VAT returns match e-invoices
Our e-Reconciliation function in VAT Filer links ERP transactions, reported e-invoice data, and VAT returns into a single, consistent dataset.
It ensures that what you e-report to tax authorities matches what you declare on your VAT return.
And e-Reconciliation can easily be deployed to monitor and resolve differences in other reporting mandates such as SAF-T; Control Statements; Spanish SII; Hungarian RTIR and lots more.
How it works: legislative tax engine identifies differences
VATCalc connects and reconciles three data sources:
- ERP transactions (including AP / AR)
- e-invoicing / e-reporting data submitted to customers, suppliers and tax authorities (including returns acknowledgements)
- Draft VAT return prior to submission
This can be done manually within VAT Filer, or via fully automated API connections.
Using its legislation-coded engine, VATCalc:
- re-determines the VAT, e-invoicing or e-reporting obligations on transactions in it’s legislative-based tax engine
- matches ERP and reported data
- identifies differences for investigation before filing
Why only VATCalc can provide a fully defensible reconciliation
This is not a bolt-on reconciliation tool. VATCalc uses its core tax engine to:
- re-perform VAT determination
- validate reporting obligations
- link outcomes directly into VAT return preparation
All within world’s only single tax engine & reporting application.
Contact us for a FREE trial
e-Reconciliation puts an end to unidentified differences between e-invoices, e-reporting and VAT returns