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G/L - VAT Reconciliation (report)

The G/L - VAT Reconciliation report compares VAT postings in the general ledger to the underlying VAT entries. The report helps ensure you have transaction-level entries that support your reported VAT amounts.

Use this report during VAT filing periods to validate that posted VAT entries match the VAT amounts in your general ledger. This report is important for accurate tax filings and audit readiness.

Use cases

Reconcile VAT amounts in the general ledger with posted VAT entries. The report helps ensure accuracy when you file taxes. Use filters such as posting date and VAT period to validate that reported VAT aligns with transaction-level data. The alignment helps you be compliant and ready for audits.

Tip

Here are some tips on how to use the report:

  • Catch discrepancies early by using the report during VAT filing periods.
  • Apply filters to narrow the scope to specific VAT periods or posting dates.
  • Ensure all VAT entries are properly posted and reconciled with the G/L.
  • Confirm VAT accuracy by using the report as part of your audit preparation checklist.

Accountants can use the report to:

  • Verify VAT postings.
  • Ensure compliance with tax regulations.

Controllers can use the report to:

  • Oversee VAT reconciliation processes.
  • Support internal control and audit readiness.

Auditors might reference the report to:

  • Confirm the completeness and accuracy of VAT filings.
  • Trace VAT amounts from the G/L to source entries.

Try the report

Try the report here: G/L - VAT Reconciliation

Tip

If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.

VAT management overview
Built-in VAT reports in Business Central
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview

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