VAT Reports and Returns
Extracting output and input VAT from invoices and preparing the return data.
Course contents
- 1Tax fields on invoices
- 2The output VAT report
- 3The input VAT report
- 4Net tax due
- 5Reconciling the report to the return
What you gain from the course
You can pull VAT return data from your system ready each month.
Other courses in the same track
Stage 3: Modules
Sales and Purchase Invoicing Module
An invoice form that records the transaction, updates stock and customer and supplier accounts, and creates the entry.
15 training hours
Inventory, Stocktaking and Stock Valuation Module
Item cards, receipts and issues, stock valuation, and stocktaking reports.
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Customers, Suppliers and Debt Ageing
Customer and supplier statements, the ageing report, and tracking collections and payments.
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Cash, Banks and Receipt and Payment Vouchers
Receipt and payment vouchers, cash and bank movements, and bank reconciliation.
12 training hours
Payroll Module
Employee data, calculating entitlements and deductions, and the payroll sheet and its entry.
15 training hours
Fixed Assets and Depreciation Module
A fixed asset register, calculating periodic depreciation by different methods, and its entries.
12 training hours