We've made a VAT report specifically for you (your auditors will thank you for this😉)
How do I find it?
Step 1: Go to "Reports" on your ribbon and select Provider Production
Step 2: Select your date range
Step 3: Go to the Report Template dropdown, and select "VAT Summary"
Step 4: Click Download
How do I use it?
This report will reflect your allocated statements - their Excluding VAT, VAT and Including VAT amounts:
We recommend having a look at each item's VAT % in column H to ensure consistency and correct VAT allocation.
If any items look out of the ordinary, investigate the commission statement to see if it has been captured correctly. If it has been captured correctly, make sure you reach out to the provider to resolve the VAT issue.
Save this report somewhere for safe keeping, as record that you've done your reconciliation.