Solution
VAT Auditor - Vendor VAT validation
VAT Auditor - Vendor VAT validation Overview
VATCalc's VAT Auditor is a SAAS service that validates the tax codes, tax amounts and VAT numbers that your vendors apply to their VAT invoices. This ensures that you pick up issues with the VAT on your vendors invoices, can post your invoices with the correct VAT, can report the VAT correctly to the tax authorities in your countries and can reclaim the correct VAT so that you can maximise the amount of VAT your can reclaim and avoid fines and penalties associated with mis-declaring input VAT.
Features
- Automated check that vendors have applied the correct VAT
- Correction of inaccurately applied VAT
- Automated VAT return creation
Benefits
- Reclaim all the VAT that is due
- Reduce risk of fines and penalties
- Major reduction in finance and tax effort in reviewing VAT
- Integrated and mapped out of the box
Technical Details
Inputs
Integrated and mapped out of the box
Outputs
- Summary level analysis of tax accuracy
- Erroneously taxed transactions highlighted for correction
Geographic Availability
Supports 130 plus VAT countries
Required Software / Applications
None
Created By
Products
Tungsten Network
AP Essentials
Industry
All industries
compatibility
Tungsten Network & AP Essentials
Business Process
Accounting and Finance
Purchasing
Last Updated
March 29, 2024
Consulting Required
Yes
Support Available
Yes
Pricing
Contact for Pricing
