Fincure Beta v0.1 — The cure for manual compliance

👥

Active Clients

24

3 new this month

✅

Completed Files

11

46% of season done

⚠️

Open Variances

7

Across 3 clients

📅

Due This Month

4

VAT + EMP deadlines

📂 Active Engagements

Jetsoo Plastics CC

FY2025 · VAT Invoice basis · 3 variances

65%

In Progress

ABC Trading (Pty) Ltd

FY2025 · Payment basis · SBC

30%

Started

Van Renen Farming CC

FY2025 · Farming income · Liabilities exceed assets

10%

⚠ Action needed

📅 Upcoming Deadlines

VAT201 — Jetsoo Plastics CC

25 Mar 2025

EMP201 — All clients

7 Apr 2025

VAT201 — ABC Trading

25 Apr 2025

Provisional Tax — Jetsoo

31 Aug 2025

CIPC Annual Return — Jetsoo

30 Sep 2025

Step 1 of 7

Who is this client?

Basic information used across all modules and generated documents.

Client / Entity Name

Registration Number

Entity Type

Industry / Sector Drives VAT category · SDL sector · IN47 rates · SBC / s12C eligibility

🏭

Manufacturing

s12C allowance · Cat B SDL

ℹ️

No VAT? The VAT Recon, Full VAT Recon, and Invoice VAT modules will be hidden from the module dashboard. No employees? The EMP201 / Salary Recon module will be hidden. Fincure only shows the modules relevant to this entity.

🛒

Retail / Wholesale

Cat A SDL · standard VAT

🏗️

Construction

NHBRC · s13sex buildings

💼

Professional Services

Accounting / Legal / IT

🌾

Agriculture

Farming allowances · s17A

🏠

Property

CGT · s13sex · Div 4

🚛

Transport / Logistics

Fleet · 4yr truck IN47

📋

Other

Specify in notes

Industry / Sector

Financial Year End

Financial Year

Step 2 of 7

VAT Registration

This determines which VAT recon module opens and how invoices are processed.

Is the client VAT registered?

Step 3 of 7

Employees & Payroll

Opens EMP201 reconciliation and salary modules.

Does the client have employees?

Step 4 of 7

Assets & Financing

Select all that apply — each opens the relevant module in your file.

Fixed Assets (property, vehicles, equipment)

HP / Finance Lease / Bond agreements

Investment Property

Inventory / Trading Stock

Step 5 of 7

Equity & Loans

Opens member loan accounts and related party disclosures.

Member / Director loan accounts?

Do total liabilities exceed total assets?

Step 6 of 7

Tax Profile

Determines which tax calculation module opens — SBC rates or standard company rates.

Approximate annual turnover

Used to calculate materiality and check SBC eligibility (turnover < R20M)

Is the client eligible for SBC tax rates? (s12E)

Farming income?

Step 7 of 7

Review & Create File

Fincure will open exactly the right modules for this client. Nothing more, nothing less.

✨

Based on your answers, 14 modules will be opened for this engagement. Materiality: R 24,000. VAT basis: Invoice.

Assigned Clerk

Reviewing Manager

Jetsoo Plastics CC

FY2025 · Year end: 28 Feb 2025 · VAT Invoice Basis · CC

VAT: Invoice Employees: Yes Leases: 3 agreements

65%

complete

Core Data — Upload First

✅

GL Data Dump

Pastel GL Detailed Ledger uploaded

Complete

✅

Cash Book Dump

4 bank accounts loaded

Complete

✅

TB Dump

56 accounts loaded

Complete

Compliance Reconciliations

🔴

VAT Recon (Invoice Basis)

1 period has a variance — review required

Variance — Action needed

✅

Salary Recon

12 months reconciled — zero variances

Complete

✏️

TB Roll-Forward

4 journals suggested — 2 approved

In Progress

Balance Sheet Workings

🏗️

Fixed Asset Register

3 asset classes — depreciation pending

In Progress

✅

Lease Amortisation

3 ABSA agreements scheduled

Complete

🔒

Tax Calculation (SBC)

Waiting for FA Register

Locked

Year-End Journal Workflow

📝

Journal Workflow

4 suggested · 2 approved · 2 pending

In Progress

🔒

Final Adjusted TB

Waiting for all journals to be approved

Locked

🔒

TB Export

Waiting for Final TB

Locked

ℹ️

In Pastel: Ledgers → General Ledger → Detailed Ledger → Export to Excel. Select the full financial year. Copy all rows including headers and paste below.

📥 Paste GL Export

📋

Click here then paste (Ctrl+V)

Pastel GL Detailed Ledger · Excel copy-paste · CSV supported

⚠️

1 variance detected. Period May/June 2024 shows a payment variance of R1,234.00. Review the SARSEF receipt and confirm correct period allocation.

📊 VAT201 Returns vs GL — FY2025

Period	Tax Period	Output VAT	Input VAT	Net Payable	Amount Paid	Variance	SARSEF	Status
Mar/Apr 2024	Mar24–Apr24	R 42,156.00	R 18,234.00	R 23,922.00	R 23,922.00	R 0.00	SARS-1234567	✅ OK
May/Jun 2024	May24–Jun24	R 38,450.00	R 22,100.00	R 16,350.00	R 15,116.00	R 1,234.00	SARS-2345678	🔴 Variance
Jul/Aug 2024	Jul24–Aug24	R 51,234.00	R 19,876.00	R 31,358.00	R 31,358.00	R 0.00	SARS-3456789	✅ OK
Sep/Oct 2024	Sep24–Oct24	R 44,789.00	R 21,345.00	R 23,444.00	R 23,444.00	R 0.00	SARS-4567890	✅ OK
Nov/Dec 2024	Nov24–Dec24	R 56,123.00	R 24,567.00	R 31,556.00	R 31,556.00	R 0.00	SARS-5678901	✅ OK
Jan/Feb 2025	Jan25–Feb25	R 39,876.00	R 17,654.00	R 22,222.00	R 22,222.00	R 0.00	SARS-6789012	✅ OK
TOTALS		R 272,628.00	R 123,776.00	R 148,852.00	R 147,618.00	R 1,234.00	🔴 Variance

✅

All 12 months reconciled. Total PAYE/SDL/UIF per EMP201 agrees to GL control account. Zero variances.

💼 EMP201 Recon — FY2025

Month	PAYE	SDL	UIF	Total Declared	Amount Paid	Variance	Status
TOTALS	R 89,456.00	R 4,473.00	R 8,946.00	R 102,875.00	R 102,875.00	R 0.00	✅ Reconciled

System Suggested

4

Approved

2

Pending Review

2

Manual Added

1

System Suggested Journals

JNL-001 · Lease Interest · Auto-detected

ABSA Vehicle Finance — Land Cruiser 79 — interest accrual

DR: 7800/000 Finance Charges | CR: 8602/000 ABSA Vehicle Finance

R 8,734.44

✅ Approved

JNL-002 · Depreciation · Auto-detected

Motor Vehicles — annual depreciation @ 20% straight line

DR: 7600/000 Depreciation | CR: 1500/001 Acc Depreciation — Vehicles

R 45,600.00

✅ Approved

JNL-003 · VAT Variance · From VAT Recon

May/Jun 2024 payment variance — confirm SARSEF receipt period

DR: 8400/002 VAT Suspense | CR: 8400/000 SARS VAT Control

R 1,234.00

JNL-004 · TB Roll-Forward · Opening balance diff

Retained income opening balance — prior year WP journal not in Pastel

DR: 3000/000 Retained Income | CR: 9999/000 Suspense

R 2,456.78

Manual Journals

JNL-005 · Manual · Leave Pay Provision

Year-end leave pay provision — 12 employees × R1,250 avg

DR: 7500/000 Employee Costs | CR: 2300/000 Leave Pay Provision

R 15,000.00

✅ Approved

Total Debit

R 4,567,234.00

Total Credit

R 4,567,234.00

Balance

✅ Balanced

✅

Final TB is balanced. 5 journals applied. Adjusted TB agrees to Pastel closing TB plus year-end adjustments. Ready to export to Draftworx.

📑 Final Adjusted TB — Selected Accounts

Account	Description	Unadjusted DR	Unadjusted CR	Journals DR	Journals CR	Final DR	Final CR	Adjusted
1200/000	Motor Vehicles — Cost	R 950,000.00	—	—	—	R 950,000.00	—	—
1500/001	Acc Dep — Vehicles	—	R 380,000.00	—	R 45,600.00	—	R 425,600.00	Adjusted
2300/000	Leave Pay Provision	—	—	—	R 15,000.00	—	R 15,000.00	Adjusted
7600/000	Depreciation	—	—	R 45,600.00	—	R 45,600.00	—	Adjusted
7800/000	Finance Charges	R 24,000.00	—	R 8,734.44	—	R 32,734.44	—	Adjusted
8400/000	SARS VAT Control	—	R 1,234.00	R 1,234.00	—	—	—	Adjusted

📊

Draftworx Format

Column mapping matches Draftworx TB import screen exactly

📋

Generic Excel

Same format as source TB — works with any FS package

📄

Working Papers PDF

Complete SAIPA-compliant working papers pack — all modules

📋 Journal Summary Export

All approved journals — ready to post into Pastel/Sage

Ref	Date	DR Account	CR Account	Amount	Narration
JNL-001	28 Feb 2025	7800/000	8602/000	R 8,734.44	ABSA finance charges accrual
JNL-002	28 Feb 2025	7600/000	1500/001	R 45,600.00	Vehicle depreciation FY2025
JNL-005	28 Feb 2025	7500/000	2300/000	R 15,000.00	Leave pay provision FY2025

⬆️ Import Backup

💾 All data saved automatically in your browser

📂

Loading saved engagements...

📅 Ready to roll over to the next financial year?

Carries forward all settings, archives prior year, resets working papers for a fresh start.

💡 How saving works: Fincure saves automatically to your browser's local storage whenever you make changes. Data stays on this device. Use "Export Backup" to save a copy you can restore on another device or share with your team.

ℹ️

In Pastel: Ledgers → General Ledger → Trial Balance → Export to Excel. Include the "Last Year" column. Paste all rows below including headers.

📥 Paste Trial Balance (with Last Year column)

Expected columns: Account Code · Description · Debit · Credit · Last Year

ℹ️

In Pastel: Customers → Reports → Invoice Listing → Export to Excel. Select full financial year. Include all columns.

📤 Paste Debtor Invoice Listing

Expected: Date · Invoice No · Customer · Excl Amount · VAT Amount · Incl Amount · Tax Code

ℹ️

In Pastel: Suppliers → Reports → Invoice Listing → Export to Excel. Ensure supplier VAT numbers are included in your Pastel supplier master.

📥 Paste Creditor Invoice Listing

Expected: Date · Invoice No · Supplier · Supplier VAT No · Excl Amount · VAT Amount · Incl Amount · Tax Code

⚠️

s20 of the VAT Act requires that a valid tax invoice must contain: supplier name, supplier VAT number, invoice number, date, description of goods/services, and VAT amount separately shown. Input tax may only be claimed on valid s20 tax invoices.

🔍

Process creditor invoices first

Go to the Creditors tab, paste your invoice listing, then come back here

ℹ️

Credit notes reduce VAT liability (output) or reduce input VAT claimable. Each credit note must reference the original invoice. SARS requires credit notes to meet the same s20 requirements as tax invoices.

📋 Credit Notes Issued (Output — reduces VAT liability)

Date	CN No	Customer	Original Invoice	Excl Amount	VAT Reversed	Period	Status
2024/05/15	CN-001	ABC Plastics Ltd	INV-0234	R 5,000.00	(R 750.00)	May/Jun 2024	✅ Valid
2024/09/22	CN-002	XYZ Manufacturing	INV-0445	R 2,500.00	(R 375.00)	Sep/Oct 2024	✅ Valid
Total VAT Reversed — Output					(R 1,125.00)

📋 Credit Notes Received (Input — reduces VAT claimable)

Date	CN No	Supplier	Original Invoice	Excl Amount	VAT Reversed	Period	Status
2024/06/10	SCN-001	Rawmat Suppliers CC	SINV-0112	R 3,000.00	(R 450.00)	May/Jun 2024	✅ Valid
Total VAT Reversed — Input					(R 450.00)

ℹ️

Debit notes increase VAT liability. A debit note issued to a customer increases your output VAT. A debit note received from a supplier increases your input VAT claimable. SARS requires debit notes to meet s21 requirements.

📋 Debit Notes Issued (Output — increases VAT liability)

Date	DN No	Customer	Reason	Excl Amount	VAT Added	Period	Status
2024/07/08	DN-001	ABC Plastics Ltd	Short delivery — additional charge	R 1,500.00	R 225.00	Jul/Aug 2024	✅ Valid
Total Additional VAT — Output					R 225.00

📋 Debit Notes Received (Input — increases VAT claimable)

Date	DN No	Supplier	Supplier VAT No	Excl Amount	VAT Added	Period	s21 Status
2024/08/14	SDN-001	Rawmat Suppliers CC	4123456789	R 4,000.00	R 600.00	Jul/Aug 2024	✅ Valid
2024/11/03	SDN-002	Office Depot SA		R 800.00	R 120.00	Nov/Dec 2024	🔴 No VAT No
Total Additional VAT — Input					R 720.00	1 s21 issue

⚙️ Engagement VAT Profile

VAT Vendor Number

VAT Accounting Basis

Filing Period

Financial Year End

📅 VAT Periods for FY2025

Periods are auto-determined from your year-end and filing frequency. Periods that straddle the year-end are flagged separately.

⚠️

Straddling period detected: The Jan/Feb 2025 return covers income earned in FY2025 but the payment and filing falls in March 2025 — outside the financial year. Fincure will show this separately in the reconciliation.

ℹ️

Upload your VAT201 PDF for each period from SARS eFiling. Fincure will extract the key fields automatically. If PDF reading fails, you can enter figures manually.

📊 VAT201 Returns Summary

Period	Tax Period	Type	Field 1 — Turnover	Field 4 — Output VAT	Field 14 — Input VAT	Net Payable	Filed

ℹ️

Download your VAT Statement of Account from SARS eFiling: Returns → VAT → Statement of Account. Upload the PDF or paste the key figures below.

🏦 SARS Statement of Account

📄

Upload VAT Statement of Account PDF

From SARS eFiling · VAT → Statement of Account

Or enter manually:

Opening Balance

Total Returns Declared

Total Payments Made

Penalties / Interest

Closing Balance (SoA)

Outstanding per SARS

💳 Payments per SARS SoA

Period	Payment Date	Amount Declared	Amount Paid	Variance	SARSEF Receipt	Status
Mar/Apr 2024	25 May 2024	R 23,922.00	R 23,922.00	R 0.00	SARS-1234567	✅ Paid
May/Jun 2024	26 Jul 2024	R 16,350.00	R 15,116.00	R 1,234.00	SARS-2345678	🔴 Short paid
Jul/Aug 2024	25 Sep 2024	R 31,358.00	R 31,358.00	R 0.00	SARS-3456789	✅ Paid
Sep/Oct 2024	25 Nov 2024	R 23,444.00	R 23,444.00	R 0.00	SARS-4567890	✅ Paid
Nov/Dec 2024	24 Jan 2025	R 31,556.00	R 31,556.00	R 0.00	SARS-5678901	✅ Paid
Jan/Feb 2025 ⚠️ Straddles year-end	25 Mar 2025	R 22,222.00	R 22,222.00	R 0.00	SARS-6789012	Outside year
TOTALS		R 148,852.00	R 147,618.00	R 1,234.00	🔴 Outstanding

Inside Financial Year — FY2025 (Mar 2024 — Feb 2025)

📊 5-Layer Reconciliation — Inside Year Periods

Layer	Output VAT	Input VAT	Net VAT	vs Layer 1	Status
1 · VAT201 Returns What was declared to SARS	R 272,628.00	R 123,776.00	R 148,852.00	—	Base
2 · SARS Statement of Account What SARS confirms as received	—	—	R 147,618.00	R 1,234.00 ▲	🔴 Variance
3 · GL Control Account (8400/000) What Pastel shows — may include posting errors	R 271,394.00	R 123,776.00	R 147,618.00	R 1,234.00 ▲	⚠️ Differs from return
4 · Invoice Listing Source documents — debtors + creditors	R 272,628.00	R 122,541.00	R 150,087.00	R 1,235.00 ▼	🔴 s20 issue detected
5 · Cash Book (SARSEF payments) Actual payments to SARS from bank	—	—	R 147,618.00	R 1,234.00 ▲	🔴 Short payment

🔎 Reasonableness Checks

Check	Expected	Per Returns	Variance	Status	Notes
Implied turnover check Output VAT ÷ 15% vs GL revenue	R 1,817,520.00	R 1,818,520.00	R 1,000.00	⚠️ Review	Minor — likely credit note timing
Implied input check Input VAT ÷ 15% vs GL VAT-bearing expenses	R 825,173.00	R 815,040.00	R 10,133.00	🔴 Investigate	Possible wrong tax code in Pastel
Zero-rated sales check Field 2 vs GL zero-rated revenue accounts	R 0.00	R 0.00	R 0.00	✅ OK	No zero-rated sales
Exempt sales check Field 3 vs GL exempt revenue accounts	R 0.00	R 0.00	R 0.00	✅ OK	No exempt income

Straddling Period — Jan/Feb 2025 (Outside Financial Year)

⚠️ Jan/Feb 2025 — Year-End Straddling Period

⚠️

This VAT period covers January and February 2025 — both months fall within the financial year ending 28 February 2025. However the return is only filed and paid in March 2025 — outside the financial year. This is correct treatment. The liability is recognised in FY2025 but the cash payment falls in FY2026.

VAT Liability — In FY2025 (correct)

R 22,222.00

Cash Payment — In FY2026 (timing)

R 22,222.00

Per GL — VAT Payable at Year End

R 22,222.00 ✅

Disclosure Required

Show in current liabilities

✅ This is a timing difference only — not a variance. No correcting journal required. Ensure the R22,222.00 VAT payable appears in current liabilities on the balance sheet.

Total Findings

4

Critical

2

Warnings

1

Timing Differences

1

🔴 Finding 1 — Short Payment: May/Jun 2024

VAT201 for May/Jun 2024 declared net VAT of R16,350.00 but only R15,116.00 was paid to SARS (receipt SARS-2345678). The shortfall of R1,234.00 remains outstanding per the SARS Statement of Account. SARS may charge interest and penalties on this amount.

DR: 8400/000 SARS VAT Control R 1,234.00
CR: 2100/000 VAT Payable — Outstanding R 1,234.00
Narration: VAT short payment May/Jun 2024 — SARSEF SARS-2345678

R 1,234.00

🔴 Finding 2 — Post-Submission Posting Error: May/Jun 2024

The GL control account (8400/000) shows output VAT of R271,394.00 for the year, but the VAT201 returns declare R272,628.00. The difference of R1,234.00 relates to the May/Jun 2024 period — a journal was posted to the GL after the return was submitted, reducing the GL balance. The return cannot be amended. This difference must be documented and carried forward to the next period's return.

Carry-forward journal — include in Mar/Apr 2025 return:
DR: 8400/002 VAT Posting Difference Suspense R 1,234.00
CR: 8400/000 SARS VAT Control R 1,234.00
Narration: Post-submission posting error May/Jun 2024 — carry to Mar/Apr 2025 return

R 1,234.00

⚠️ Finding 3 — Possible Wrong Tax Code: Input VAT

The implied input check shows that Input VAT ÷ 15% = R825,173.00 in implied VAT-bearing expenses, but the GL shows only R815,040.00 in VAT-bearing expense accounts. The R10,133.00 difference suggests either: (a) input VAT was claimed on an exempt or zero-rated purchase, or (b) an expense was posted with incorrect VAT tax code in Pastel. Review the Pastel tax report and creditor invoice listing for miscoded transactions.

R 10,133.00

ℹ️ Finding 4 — Timing Difference: Jan/Feb 2025 Straddling Period

The Jan/Feb 2025 VAT return covers income earned within FY2025 but is filed and paid in March 2025 (FY2026). This is a timing difference only — not a variance. The VAT liability of R22,222.00 is correctly recognised in FY2025 current liabilities. No correcting journal required. Confirm this amount appears in trade and other payables on the balance sheet.

Timing only

ℹ️

Enter PAYE, SDL and UIF per EMP201 return for each month. These figures come from the EMP201 forms submitted to SARS. The total must agree to the GL PAYE control account and the sum of all IRP5 code 4001/4002/4003+4004.

📋 EMP201 Monthly Returns — FY2025

Month

PAYE (4001)

SDL (4002)

UIF Emp (4003)

UIF Empr (4004)

ETI (4005)

Total

💳 Payment Verification

Month	Declared	Paid	Variance	Status

📊 EMP201 vs GL Control Account

EMP201 PAYE Total

R 89,456

Per 12 monthly returns

GL PAYE Control (9200/000)

R 89,456

✅ Agrees

IRP5 Code 4001 Total

R 89,456

✅ Agrees to EMP201

EMP201 SDL Total

R 4,473

@ 1% of payroll

EMP201 UIF Total

R 8,946

Emp + Empr @ 1% each

ETI Credit

R 0

No ETI claimed

ℹ️

Upload each employee's IRP5 / IT3(a) PDF certificate. Fincure extracts all codes automatically. The totals are then reconciled against the EMP201 returns and the GL salary expense accounts. Directors and members are shown separately.

Directors / Members IRP5s

J.A. van der Merwe (Director)

IRP5 · Tax No: 1234567890 · Period: Mar 2024 – Feb 2025

📄Upload IRP5 PDF

✅ Uploaded

3607

Director emoluments

R 240,000

3605

Annual bonus

R 20,000

3701

Company car

R 18,000

3697

Total gross

R 278,000

4001

PAYE

R 42,300

4002

SDL

R 2,780

4003+4004

UIF total

R 1,988

4141

Net pay

R 230,932

Arithmetic check: R278,000 − R42,300 − R2,780 − R1,988 = R230,932 ✅

IRP5 balances

Employee IRP5s / IT3(a)s

📊 IRP5 Totals — All Employees

Employee

Gross (3697)

PAYE (4001)

SDL (4002)

UIF (4003+4004)

Net Pay (4141)

Check

ℹ️

Annual E@syfile reconciliation — the sum of all IRP5 certificates submitted to SARS must equal the cumulative EMP201 returns for the year. Any difference must be resolved before the IRP5 submission deadline (31 May).

🔗 E@syfile Annual Reconciliation — FY2025

Field	Per IRP5 Certificates	Per EMP201 Returns	Variance	Status	Notes
Total Gross Remuneration (3697)	R 894,560.00	R 894,560.00	R 0.00	✅ Agrees	—
PAYE Withheld (4001)	R 89,456.00	R 89,456.00	R 0.00	✅ Agrees	—
SDL — Employer (4002)	R 4,473.00	R 4,473.00	R 0.00	✅ Agrees	—
UIF — Employee (4003)	R 4,473.00	R 4,473.00	R 0.00	✅ Agrees	—
UIF — Employer (4004)	R 4,473.00	R 4,473.00	R 0.00	✅ Agrees	—
Medical Aid Fringe Benefit (3651)	R 24,000.00	R 0.00	R 24,000.00	🔴 Not on EMP201	Fringe benefit on IRP5 not captured on EMP201 — PAYE may be understated
Net Pay to Employees (4141)	R 771,685.00	R 771,685.00	R 0.00	✅ Agrees	Agrees to salary bank payments

🔴

E@syfile finding: Medical aid fringe benefit (code 3651) of R24,000 appears on the director's IRP5 but was not included in the EMP201 returns. This means the taxable income on the EMP201 is understated by R24,000 and PAYE may be understated by approximately R8,640 (@ 36% marginal rate). This must be corrected before the IRP5 submission.

ℹ️

Reconcile the IRP5 totals against what appears in the GL. The salary expense accounts in Pastel must agree to the IRP5 gross figures. The PAYE/SDL/UIF control accounts must agree to the EMP201 totals.

📒 GL Salary Expense vs IRP5 Totals

GL Account	Description	Per GL	Per IRP5s	Variance	Status
9601/000	Salaries & Wages	R 654,560.00	R 654,560.00	R 0.00	✅
9602/000	Director remuneration	R 240,000.00	R 240,000.00	R 0.00	✅
9603/000	Bonuses	R 20,000.00	R 20,000.00	R 0.00	✅
9605/000	SDL expense	R 3,890.00	R 4,473.00	R 583.00	⚠️ Variance
9606/000	UIF — employer	R 4,473.00	R 4,473.00	R 0.00	✅
2200/000	PAYE payable (control)	R 89,456.00	R 89,456.00	R 0.00	✅
2201/000	UIF payable (control)	R 8,946.00	R 8,946.00	R 0.00	✅
TOTAL SALARY COST		R 1,020,325.00	R 1,020,908.00	R 583.00	⚠️ SDL variance

💰 Net Pay — Bank vs IRP5

IRP5 Net Pay (4141)

R 771,685

Sum of all employees

Bank Salary Payments

R 771,685

✅ Agrees to IRP5

GL Net Pay Account

R 771,685

✅ Agrees to bank

Total Findings

2

EMP201 Issues

1

GL Variances

1

IRP5 Issues

0

🔴 Finding 1 — Medical Aid Fringe Benefit Not on EMP201

Director J.A. van der Merwe's IRP5 shows a medical aid fringe benefit (code 3651) of R24,000 for FY2025. This fringe benefit was not included in the monthly EMP201 returns — meaning taxable income was understated by R24,000 and PAYE may be understated by approximately R8,640 (@ 36% marginal rate). This must be disclosed and corrected on the E@syfile annual reconciliation before 31 May 2025. An amended EMP501 may be required.

DR: 9604/000 Fringe Benefits Expense R 24,000.00
CR: 2200/000 PAYE Payable R 8,640.00
CR: 9601/000 Salaries — net adjustment R 15,360.00
Narration: Medical aid fringe benefit correction — FY2025 director IRP5

R 8,640

⚠️ Finding 2 — SDL Expense GL Variance

The GL SDL expense account (9605/000) shows R3,890.00 but the EMP201 returns and IRP5 totals both show SDL of R4,473.00. The difference of R583.00 suggests that SDL was incorrectly posted in Pastel for one or more months. Likely a month where SDL was posted to the wrong account. Review the monthly SDL journal entries in Pastel.

DR: 9605/000 SDL Expense R 583.00
CR: 9601/000 Salaries (misposting) R 583.00
Narration: SDL misposting correction — review Pastel monthly payroll journals

R 583

ℹ️

Upload the OTP (Offer to Purchase) and/or the Amortisation Schedule PDF for each vehicle. Fincure extracts the principal debt, interest rate, instalment, and all monthly splits automatically. No manual capturing required.

🚙 Nissan Navara 2.5DDTI XE — Account 85368731478

EG Shopfitting · Suzuki Mobility Finance · Started Jan 2024

✅ Amort schedule uploaded ⚠️ OTP not uploaded

Principal Debt
R 269,613.00

Inception Rate

13.51% p.a.

Monthly Instalment

R 5,502.97

Start Date

23 Jan 2024

Loan Term

72 months

End Date

Feb 2030

Opening Bal (Mar 2024)
R 269,613.00

Closing Bal (Feb 2025)
R 232,887.44

Rate Changes in FY

4 changes

Interest rate history:

Jan 2024: 13.51% Sep 2024: 13.26% Nov 2024: 13.01% Jan 2025: 12.76% May 2025: 12.51% Aug 2025: 12.26%

📄 ✅ Amort schedule loaded

📋 Upload OTP PDF

🚙 Toyota Hilux Extra Cab 2.4GD6 — OTP O9509397

PK Industrial Supplies · Caledon Toyota · Purchased Aug 2021

✅ OTP uploaded ⚠️ Amort schedule needed

⚠️

OTP uploaded — principal debt confirmed at R363,750.00. No amortisation schedule yet. Fincure has reconstructed an estimated schedule using the principal debt and prime rate history. Upload the bank's amortisation schedule to confirm.

Vehicle Price (Excl VAT)
R 384,565.22

Principal Debt (financed)
R 363,750.00

Cash Deposit paid

R 80,000.00

Total Purchase Amount

R 443,750.00

VAT @ 15%

R 57,684.78

Purchase Date

31 Aug 2021

Chassis Number

AHTJB3DC604492999

Estimated Rate

Prime + 0%

Amort Schedule

Estimated only

✅ OTP loaded

📄 ⚠️ Upload Amort Schedule PDF

Showing:

📊 Nissan Navara — Monthly Amortisation — FY2025 (Mar 2024 – Feb 2025)

Account 85368731478 · Principal R269,613.00 · Effective interest method

Extracted from PDF

Month	Opening Balance	Instalment	Interest	Capital	Closing Balance	Rate	Status

ℹ️

Each monthly instalment per the amortisation schedule is compared to the GL cash book entries. Variances flag missed payments, incorrect amounts, or postings to the wrong account. Bank charges and insurance are verified separately.

💳 Payment Verification — Nissan Navara FY2025

Month	Amort Schedule	Per GL / Cash Book	Variance	GL Account	Status

✅

All 12 instalments verified. Total payments of R65,840.24 agree to amortisation schedule. No missed or short payments detected. Postings confirmed to HP liability account.

Balance Sheet Split at Year End — 28 Feb 2025

📋 Nissan Navara — B/S Classification at 28 Feb 2025

Closing balance split into current (next 12 months) and non-current (beyond 12 months)

Total Closing Balance

R 232,887

Per amort schedule Feb 2025

Current Portion (Short Term)

R 36,755

Capital repayable Mar 2025 – Feb 2026

Non-Current (Long Term)

R 196,132

Capital repayable after Feb 2026

Period	Capital Repayable	Classification
Mar 2025 – Feb 2026 (next 12 months)	R 36,755.31	Current liability
Mar 2026 – Feb 2030 (remaining term)	R 196,132.13	Non-current liability
Total	R 232,887.44

Year-End Journals — 28 Feb 2025

Journal 1 — Reclassify HP Short/Long Term Portion

DR: 8602/001 HP Liability — Long Term R 196,132.13
CR: 8602/002 HP Liability — Short Term R 36,755.31
CR: 8602/000 HP Liability — Control R 232,887.44

Narration: Reclassify Nissan Navara HP — current vs non-current at 28 Feb 2025 per amortisation schedule

Journal 2 — Finance Interest for FY2025

DR: 7200/001 Finance Charges — HP Interest R 34,377.69
CR: 8602/000 HP Liability — Control R 34,377.69

Narration: HP interest expense FY2025 — Nissan Navara per effective interest method (amort schedule)

Journal 3 — Vehicle at Cost (from OTP)

DR: 1200/005 Motor Vehicles — Cost R 384,565.22
DR: 2100/VAT Input VAT R 57,684.78
CR: 1100/000 Bank — Deposit paid R 80,000.00
CR: 8602/000 HP Liability — Nissan Navara R 269,613.00
CR: 8602/001 HP Liability — Toyota Hilux R 363,750.00

Narration: Vehicle purchase — principal debt per OTP O9509397 — 31 Aug 2021

⚠️ Verify against GL — confirm vehicle is not already posted at incorrect amount

GL Verification — HP Account vs Amortisation Schedule

📒 HP Liability GL vs Amort Schedule

Description	Per GL	Per Amort Schedule	Variance	Status
Opening balance (Mar 2024)	R 269,613.00	R 269,613.00	R 0.00	✅ Agrees
Total instalments paid	R 65,840.24	R 65,840.24	R 0.00	✅ Agrees
Interest charged to GL	R 31,462.55	R 34,377.69	R 2,915.14	🔴 Variance
Closing balance (Feb 2025)	R 235,235.31	R 232,887.44	R 2,347.87	⚠️ Check interest posting

⚠️

The GL HP account shows less interest than the amortisation schedule. This is typically because Pastel posts the full instalment to the HP account without splitting interest from capital. Journal 2 above corrects this — posting the interest portion to the income statement.

Method:

Entity:

🏢 Land & Buildings

Land not depreciated · Factory 2% acc / 5% SARS (20yr)

2 assets▼

Description	Date	HP/Bond	Cost	Residual	CV b/f	Acc Dep b/f	Dep FY	Acc Dep c/f	CV c/f	Rate	Pledged
Land — Erf Not depreciated	Mar 2018	8800/001	250,000	—	250,000	—	—	—	250,000	N/A	Bond
Factory Building	Mar 2018	8800/001	850,000	0	714,000	136,000	17,000	153,000	697,000	2%	Bond
L&B Total			1,100,000	—	964,000	136,000	17,000	153,000	947,000

🪑 Furniture & Fittings @ 10%

Accounting 10% SL · SARS IN47: 6yr (16.67%)

2 assets▼

Description	Date	HP/Bond	Cost	CV b/f	Acc Dep b/f	Dep FY	Acc Dep c/f	CV c/f	Rate	SARS
Office Desks & Chairs	Mar 2019	—	45,000	18,000	27,000	4,500	31,500	13,500	10%	16.67%
Reception Counter	Nov 2021	—	28,500	19,950	8,550	2,850	11,400	17,100	10%	16.67%
Furniture Total			73,500	37,950	35,550	7,350	42,900	30,600

⚙️ Plant & Machinery @ 15%

Accounting 15% SL · SARS IN47: 10yr general / 5yr forklift · SBC: 100% yr 1

3 assets▼

Description	Date	HP/Bond	Cost	Residual	CV b/f	Acc Dep b/f	Dep FY	Acc Dep c/f	CV c/f	Rate	SARS
Injection Moulding Machine	Jun 2020	—	450,000	0	247,500	202,500	67,500	270,000	180,000	15%	10%
Conveyor System	Jan 2022	—	185,000	0	129,500	55,500	27,750	83,250	101,750	15%	10%
Forklift Acquired this FY	Sep 2023	—	120,000	20,000	100,000	20,000	20,000	40,000	80,000	15%	20%
P&M Total			755,000	20,000	476,500	278,000	115,250	393,250	361,750

🚗 Motor Vehicles @ 20%

Accounting 20% SL · SARS IN47: 5yr (20%) · Linked to Lease & HP module

2 assetsLinked to HP▼

Description	Date	HP/Bond	Cost	Residual	CV b/f	Acc Dep b/f	Dep FY	Acc Dep c/f	CV c/f	Rate	Pledged
Nissan Navara 2.5DDTI Acc 85368731478	Jan 2024	8602/000	269,613	50,000	251,652	17,961	43,923	61,884	207,729	20%	HP 8602
Toyota Hilux Extra Cab AHTJB3DC604492999	Aug 2021	8601/000	384,565	50,000	250,467	134,098	66,913	201,011	183,554	20%	HP 8601
Vehicles Total			654,178	100,000	502,119	152,059	110,836	262,895	391,283

💻 IT Equipment @ 33.33% & Loose Tools

IT: 3yr SL · SARS 3yr · Small assets <R7,000 → 100% write-off immediately

4 assets1 small asset▼

Description	Date	HP/Bond	Cost	CV b/f	Acc Dep b/f	Dep FY	Acc Dep c/f	CV c/f	Rate	SARS
Server	May 2023	—	85,000	56,667	28,333	28,333	56,667	28,333	33.33%	33.33%
Laptops × 3	Sep 2024	—	42,000	42,000	0	14,000	14,000	28,000	33.33%	33.33%
Wireless Mouse × 4 ⚠️ <R7,000 — 100% in yr 1	Nov 2024	—	2,400	2,400	0	2,400	2,400	0	100%	100%
Hand Tools Set	Aug 2022	—	18,000	6,000	12,000	6,000	18,000	0	33.33%	33.33%
IT & Tools Total			147,400	107,067	40,333	50,733	91,067	56,333

📊 Total Fixed Assets — Per Balance Sheet — 28 Feb 2025

Asset Class

Cost

Acc Dep b/f

Dep FY2025

Acc Dep c/f

CV c/f

Pledged

Land & Buildings

1,100,000

136,000

17,000

153,000

947,000

Bond

Furniture & Fittings

73,500

35,550

7,350

42,900

30,600

—

Plant & Machinery

755,000

278,000

115,250

393,250

361,750

—

Motor Vehicles

654,178

152,059

110,836

262,895

391,283

HP

IT & Loose Tools

147,400

40,333

50,733

91,067

56,333

—

TOTAL

2,730,078

641,942

301,169

943,112

1,786,966

ℹ️

The 20 TB sheet tracks the SARS tax base — what SARS allows as a deduction using IN47 rates. No residual value is deducted for SARS. The tax base is used to calculate recoupment and CGT on disposal, and deferred tax at year-end.

🏛️ 20 TB — Tax Base Register (SARS IN47 basis) — 28 Feb 2025

Asset	SARS Life	SARS Rate	Cost	Acc W&T b/f	W&T FY2025	Acc W&T c/f	Tax Base c/f
Factory Building	20yr	5%	850,000	34,000	42,500	76,500	773,500
Furniture & Fittings	6yr	16.67%	73,500	42,900	12,250	55,150	18,350
Injection Moulding Machine	10yr	10%	450,000	202,500	45,000	247,500	202,500
Conveyor System	10yr	10%	185,000	55,500	18,500	74,000	111,000
Forklift	5yr	20%	120,000	24,000	24,000	48,000	72,000
Motor Vehicles	5yr	20%	654,178	152,059	110,836	262,895	391,283
IT & Tools	3yr	33.33%	147,400	40,333	50,733	91,067	56,333
TOTAL			2,480,078	551,292	303,819	855,112	1,624,966

ℹ️

Comparison of accounting depreciation (20 FA) vs SARS wear-and-tear (20 TB). Where SARS is faster → the tax deduction is larger in early years → temporary difference → deferred tax liability. Where SARS is slower → deferred tax asset.

⚖️ Accounting Dep vs SARS Wear & Tear — FY2025

Asset	Acc Rate	SARS Rate	Acc Dep	SARS W&T	Difference	Nature
Factory Building	2%	5%	17,000	42,500	25,500 ▼	SARS faster
Furniture & Fittings	10%	16.67%	7,350	12,250	4,900 ▼	SARS faster
Injection Moulding Machine	15%	10%	67,500	45,000	22,500 ▲	SARS slower
Conveyor System	15%	10%	27,750	18,500	9,250 ▲	SARS slower
Forklift	15%	20%	20,000	24,000	4,000 ▼	SARS faster
Motor Vehicles	20%	20%	110,836	110,836	0	Agrees
IT & Tools	33.33%	33.33%	50,733	50,733	0	Agrees
NET DIFFERENCE			301,169	303,819	2,650 ▼ net faster	Net DTL

⚠️

Confirm entity classification: SBC (turnover < R20m) → plant & machinery 100% s12E write-off. Manufacturing machinery (new & unused) → 40/20/20/20 (s12C). Renewable energy assets Mar 2023–Feb 2025 → 125% (s12BA).

ℹ️

Deferred tax = (Carrying value − Tax base) × 27%. CV > Tax base → DTL. CV < Tax base → DTA. Sheet 50 Def in ACT workbook carries these balances.

🧾 Deferred Tax — 28 Feb 2025 @ 27%

Asset	CV (20 FA)	Tax Base (20 TB)	Temp Diff	Def Tax @ 27%	DTL/DTA
Factory Building	697,000	773,500	(76,500)	(20,655)	DTA
Furniture & Fittings	30,600	18,350	12,250	3,308	DTL
Injection Moulding Machine	180,000	202,500	(22,500)	(6,075)	DTA
Conveyor System	101,750	111,000	(9,250)	(2,498)	DTA
Forklift	80,000	72,000	8,000	2,160	DTL
Motor Vehicles	391,283	391,283	0	0	Nil
IT & Tools	56,333	56,333	0	0	Nil
NET DT	1,536,966	1,624,966	(88,000)	(23,760) DTA	Net DTA

Journal — Deferred Tax Movement FY2025

DR: 2500/001 Deferred Tax Asset R 23,760.00
CR: 7500/001 Deferred Tax Income R 23,760.00

Narration: Net deferred tax asset on FA temporary differences FY2025 @ 27% — per 20 FA vs 20 TB

📖 BGR7 / IN47 — Standard Write-Off Periods

Asset Category	Life	Rate	Method	Notes
Computers & laptops	3yr	33.33%	SL on cost	No residual for SARS
Office furniture & fittings	6yr	16.67%	SL on cost	—
Motor vehicles — passenger	5yr	20%	SL on cost	—
Motor vehicles — trucks >3,500kg	4yr	25%	SL on cost	—
Forklifts & handling	5yr	20%	SL on cost	—
Plant & machinery — general	5–10yr	10–20%	SL on cost	Confirm per BGR7
Buildings — commercial	20yr	5%	SL on cost	Erection cost only
Buildings — industrial	10yr	10%	SL on cost	Manufacturing process
Loose tools	3yr	33.33%	SL on cost	Not forming a set
Small assets	Yr 1	100%	Full cost	Cost < R7,000
⚡ Manufacturing machinery (s12C)	4yr	40/20/20/20	SL	New & unused only
☀️ Renewable energy (s12BA)	Yr 1	125%	Full+bonus	Into use Mar 2023–Feb 2025
🏢 SBC — plant & machinery (s12E)	Yr 1	100%	Full cost	Turnover < R20m
🏢 SBC — other assets (s12E)	3yr	50/30/20	SL	Yr1:50% Yr2:30% Yr3:20%

ℹ️

Enter the disposal details below. Fincure calculates: (1) accounting profit/loss, (2) SARS recoupment (s8(4)) if selling price > tax base but ≤ original cost, (3) capital gain if selling price > original cost, (4) deregistration journals for the FA register.

🧮 Disposal Calculator — Live

Asset

Selling Price (excl VAT)

Disposal Method

Worked Example — Toyota Hilux Trade-In (from OTP data)

🚗 Toyota Hilux Extra Cab — Trade-In Scenario

Vehicle purchased Aug 2021 · Cost R384,565 · Traded in at R250,000 · Feb 2025 · Acc dep R201,011 · CV R183,554 · SARS tax base R391,283

Original Cost

R 384,565

Per OTP O9509397

Accumulated Dep

R 201,011

Per 20 FA register

Carrying Value

R 183,554

20 FA closing value

SARS Tax Base

R 391,283

20 TB — fully w/t

Accounting Profit

R 66,446

R250,000 − R183,554

SARS Recoupment (s8(4))

R 0

Price < Tax base — no recoupment

Capital Gain

R 0

Price < Cost — no CGT

Net Tax Effect

R 0

No SARS tax consequence

✅

Trade-in price of R250,000 is less than both the original cost (R384,565) and the SARS tax base (R391,283). There is no recoupment and no capital gain. The accounting profit of R66,446 is taxable as normal income (not a capital gain). The HP liability must also be settled.

⚙️ Injection Moulding Machine — Sale with Recoupment

Sold for R350,000 · Cost R450,000 · CV R180,000 · SARS tax base R202,500

Original Cost

R 450,000

Purchase price

Carrying Value

R 180,000

After acc dep

SARS Tax Base

R 202,500

Cost less SARS W&T

Selling Price

R 350,000

Fair market value

Accounting Profit

R 170,000

R350k − R180k

Recoupment (s8(4))

R 147,500

R350k − R202,500 tax base

Capital Gain

R 0

Price < Original cost

Tax @ 27% on recoupment

R 39,825

R147,500 × 27%

⚠️

Recoupment arises because the selling price (R350,000) exceeds the SARS tax base (R202,500). SARS requires the R147,500 difference to be included as gross income in the year of disposal — this "recoupment" represents W&T previously claimed that must now be given back. The recoupment is taxed at the full corporate rate (27%), not CGT. Post correcting journal to derecognise asset and raise tax liability.

🏢 Factory Building — Sale with CGT

Hypothetical sale at R1,200,000 · Cost R850,000 · CV R697,000 · SARS tax base R773,500

Accounting Profit

R 503,000

R1.2m − R697k

Recoupment (s8(4))

R 76,500

Cost − Tax base: R850k−R773.5k

Capital Gain (8th Schedule)

R 350,000

Proceeds R1.2m − Base cost R850k

CGT Incl in Income (80%)

R 280,000

80% inclusion for companies

📌

Three-layer tax analysis required: (1) Recoupment R76,500 included in gross income at 27% = R20,655 tax. (2) Capital gain R350,000 × 80% inclusion rate = R280,000 included in taxable income × 27% = R75,600 effective CGT. Note: Land disposal is CGT only (no W&T ever claimed on land). Small Business Relief: If entity qualifies as small business with assets < R10m market value, partial CGT exclusion may apply.

ℹ️

The disposal register corresponds to the 20 PL sheet in the ACT workbook — "Profit with sale of assets (Carrying value)". Each disposal is listed by asset class with cost, accumulated depreciation, carrying value, selling price, and profit/loss on sale.

📋 20 PL — Profit/Loss on Sale of Assets — FY2025

Asset Class	Description	Date Sold	Method	Cost	Acc Dep	CV (Book)	Selling Price	Profit / (Loss)	Auth
Motor Vehicles	Toyota Hilux (trade-in)	28 Feb 2025	Trade-in	384,565	201,011	183,554	250,000	66,446	✅ Approved
TOTAL DISPOSALS FY2025				384,565	201,011	183,554	250,000	R 66,446 profit

Disposal Journals — FA Deregistration

Journal 1 — Derecognise Toyota Hilux from FA Register

DR: 8100/004 Acc Dep — Motor Vehicles R 201,011.00 (remove acc dep)
DR: 1300/001 Asset Disposal Account R 183,554.00 (CV transferred out)
CR: 1200/004 Motor Vehicles — Cost R 384,565.00 (remove at cost)

Narration: Derecognise Toyota Hilux — disposal Feb 2025 — Chassis AHTJB3DC604492999

Journal 2 — Record Disposal Proceeds

DR: 1100/000 Bank / Trade-in Receivable R 250,000.00
CR: 1300/001 Asset Disposal Account R 250,000.00

Narration: Proceeds on trade-in of Toyota Hilux — Feb 2025

Journal 3 — Close Disposal Account to Income Statement

DR: 1300/001 Asset Disposal Account R 183,554.00 (CV)
CR: 6200/001 Profit on Disposal of Assets R 66,446.00 (profit to P&L)
CR: 1300/001 Asset Disposal Account closes out

Narration: Profit on disposal — Toyota Hilux — R66,446 — normal income for tax purposes

✅

After posting journals 1–3: remove Toyota Hilux from the FA register, update HP liability module (settle outstanding HP balance), update insurance schedule, and update SARS tax base register (20 TB).

ℹ️

Three possible tax outcomes on disposal — can occur simultaneously. The 50 Cur sheet in ACT workbook has lines for: accounting profit on sale, recoupment (s8(4)), and capital gain (8th Schedule). All three must be populated correctly in the tax computation.

Scenario 1 — Selling price < Tax base

Selling price is below what SARS has already allowed as wear-and-tear. No recoupment, no CGT. Accounting profit/loss flows to P&L as normal income.

✅ No tax consequence

Scenario 2 — Tax base < Selling price ≤ Cost

Recoupment (s8(4) ITA): The excess of selling price over tax base is "recouped" — SARS treats this as gross income because wear-and-tear previously claimed is recovered. Taxed at full corporate rate (27%). No CGT arises.

                Recoupment = Selling price − SARS tax base

                Tax = Recoupment × 27%

                Post to: 50 Cur — "Recoupment on sale of assets"

Scenario 3 — Selling price > Original cost

Both recoupment AND CGT arise. Recoupment = full W&T previously claimed (cost − tax base). Capital gain = proceeds − original cost. Companies: 80% of capital gain included in taxable income × 27% = effective CGT rate 21.6%.

                Recoupment = Cost − Tax base → taxed @ 27%

                Cap gain = Proceeds − Cost → × 80% × 27%

                Small biz relief: assets < R10m market value

🏛️ 50 Cur — Tax Computation Lines for Disposals

50 Cur Line	Description	Amount FY2025	Treatment
Accounting profit with sale of assets	Add back accounting profit (it's already in P&L)	(66,446)	Reverse from taxable income
Recoupment on sale of assets (s8(4))	SARS recoupment — taxable as gross income	0	R0 — price < tax base
Capital gain on sale (gross)	8th Schedule gain × 80% inclusion	0	R0 — price < cost

📌

Involuntary disposals (theft, fire, damage): special rules under s11(4A) allow deferral if insurance proceeds are reinvested in a replacement asset within 12 months. Document the replacement and notify SARS if proceeds exceed cost of replacement.

ℹ️

The method of disposal must be documented for audit purposes. Ensure the method is appropriate for the asset value and type, and that an authorised signatory has approved the disposal before the asset leaves the entity.

Method	Best Used For	Documentation Required	SARS/Audit Note
🔨 Public Auction / Tender	High-value assets >R50k · Public sector (MFMA)	Tender/auction records, reserve price, winning bid, Board resolution	Best evidence of fair market value — preferred by auditors
🤝 Direct Sale	Lower-value or inter-party sales	Sales agreement, independent valuation if related party	Must be at arm's length — document that price = FMV
🔄 Trade-in	Vehicles, machinery replacement	OTP of new asset (trade-in value listed), dealer invoice	Trade-in value = proceeds for recoupment/CGT purposes
🎁 Donation	Unusable assets, social value	Donation agreement, Section 18A certificate if applicable	Market value at donation date used as deemed proceeds for CGT
🗑️ Write-off / Scrapped	Fully depreciated, damaged beyond repair	Scrapping certificate, destruction witnessed, photo evidence	Deemed proceeds = market value (R0 if truly worthless). SARS may challenge
🔥 Involuntary (insurance)	Fire, theft, natural disaster	Police/fire report, insurance claim documents	s11(4A) rollover relief — reinvest in replacement within 12 months

Practice Dashboard

New Engagement

GL Data Dump

VAT Reconciliation

Salary Reconciliation

Year-End Journal Workflow

Final Adjusted Trial Balance

Export Final TB

Clients & Engagements

TB Roll-Forward

Invoice VAT Reconciliation

Full VAT Reconciliation

EMP201 & Salary Reconciliation

Lease & HP Register

Fixed Asset Register & Depreciation

Fixed Asset Disposals