Global e-invoicing and e-reporting mandates such as VAT in the Digital Age are creating a new, live VAT dataset into the tax authorities which often does not align with VAT returns, SAF-T and similar alternative reporting mandates. The result is an explosion in variances, triggering distracting and expensive tax investigations. And the same problem is coming with the global adoption of pre-filled VAT returns.
VATCalc has automated away this risk with its e-Reconcilation function with VAT Filer.
VATCalc’s 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.
VATCalc connects and reconciles three data sources:
This can be done manually within VAT Filer, or via fully automated API connections.
Your various teams can then investigate, adjust or accept any differences with full confidence that any variances are fully understood.
This is not a bolt-on reconciliation tool. VATCalc uses its core tax engine to:
All within world’s only single tax engine & reporting application.
e-Reconciliation puts an end to unidentified differences between e-invoices, e-reporting and VAT returns
