General ledger recon, Analytical review, Workings tab

Sep 22, 2022

On the Workings tab, you can complete a general ledger reconciliation where you can reconcile your amount payable or refundable in your VAT return against the VAT control account on your finance system.

When you manually add your GL account balance, Konsise will calculate any unreconciled differences. You are then able to add any number of items until your unreconciled differences are down to zero.

The analytical review compares current period and prior period for both the gross and VAT-able amount expressed in value and percentage. The user can then comment on the variances for the attention of the reviewer prior to sign-off or in preparation for a SARS audit.

Thank you for watching this video. Konsise Tax Management has a number of other useful features which will be covered in subsequent videos.

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