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VAT Reconciliation Report (report)

The VAT Reconciliation Report is used to verify that VAT entries align with general ledger (G/L) accounts before tax submission. The report compares VAT calculated from documents with the amounts posted to the G/L accounts for VAT.

This report is useful during tax preparation because it helps ensure that posted VAT values are accurate and consistent across systems.

Use cases

Reconcile VAT entries with general ledger accounts before you file taxes by comparing VAT calculated on documents with posted VAT amounts. Use the report to ensure accuracy and alignment of VAT data during tax preparation.

Tip

Here are some tips on how to use the report:

  • Use before tax filing to confirm that VAT amounts calculated on documents match what was posted to the G/L.
  • Reconcile VAT ledger and transaction-level entries to verify accuracy.
  • Identify discrepancies between calculated VAT and posted amounts to prevent reporting errors.
  • Use this report as part of your tax preparation checklist to ensure compliance and accuracy.

Accountants can use the report to:

  • Validate VAT postings against the general ledger.
  • Ensure compliance with tax reporting requirements.

Controllers can use the report to:

  • Oversee VAT reconciliation processes.
  • Support audit readiness and financial accuracy.

Auditors might reference the report to:

  • Verify the accuracy and completeness of VAT entries.
  • Confirm that VAT calculations are properly reflected in the G/L.

Try the report

Try the report here: VAT Reconciliation Report

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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