The Audit Assistant checks for problems with VAT values on your accounts transactions. Use the Audit Assistant feature to help you to minimise your VAT liability and ensure that you are following best accounting practice.
The Audit Assistant also includes a suite of VAT audit reports that have been approved by H.M. Revenue & Customs.
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Identify possible duplicate transactions |
Select this to find possible duplicate transactions. Transactions appear if the Transaction Type, Account, Nominal, Date, Reference, Net and Tax are the same. |
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Identify Invoices not updated and/or printed within 14 days |
Lists invoices that have not been printed within 14 days of the invoice date. Sage Accounts counts back 14 days from the current program date. Any invoices dated prior to this that have not been printed or updated, appear in the Accounts System Check window. |
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Identify Sales and Purchase Payments on Account not using non-vatable Tax Code |
Select this option to list payments on account that do not use the default non-vatable tax code. Sage Accounts checks the current Non-Vatable Tax Code in Settings > Company Preferences > VAT tab. |
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Identify Sales and Purchase Transactions not using Standard Rated Tax Code |
Lists sales or purchase invoices or credits that do not use the standard rated tax code. From the Tax Code drop-down list, choose the standard rated tax code. |
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Identify EC Sales Transactions posted to Customer Accounts with no VAT Registration Number |
Select this option to list EC transactions where the relevant customer does not have a VAT Registration Number. Sage Accounts checks the EC Code check box on each tax code to determine which are EC codes. Any customer transactions posted using an EC tax code, where the VAT Registration Number in the Customer Record is blank, appear in the Accounts System Check window. |
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Identify EC Purchase transactions posted to Supplier Accounts with no VAT Registration Number |
Select this option to list EC transactions where the relevant supplier does not have a VAT Registration Number. Sage Accounts checks the EC Code check box on each tax code to determine which are EC codes. Any supplier transactions posted using an EC tax code, where the VAT Registration Number in the Supplier Record is blank, appear in the Accounts System Check window. |
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Identify Purchase Orders which have been delivered but not invoiced |
Lists the purchase orders that have been delivered but not updated. |
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Identify Sales Invoices and Receipts where tax code is non vatable or not in use |
Lists sales invoices and bank receipts that use a tax code that is not in use. |
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Identify Sales Invoices and Receipts where VAT Rate is less than xx % and Tax amount is not equal to zero, and Sales Credits where VAT Rate is more than xx % and Tax amount is not equal to zero |
Use this option to identify vatable transactions where the VAT is more than or less than a specified percentage. |
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Identify Sales Credits where Net Amount equals zero and VAT amount is over xx |
Lists VAT only sales credits where the VAT amount is more than the amount specified. |
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Identify EC Sales transactions to Customer accounts with no VAT Registration Number |
Lists EC transactions where the relevant customer does not have a VAT Registration Number. |
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Identify EC Sales transactions to non-EU and UK customers |
Lists EC transactions posted to non-EC customers. |
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Identify Purchase transactions where VAT amount is over xx |
Lists the purchase transactions where the VAT amount is more than a specified amount. |
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Identify Purchase Invoices and Payments where VAT Rate is more than xx % and Purchase Credits where VAT Rate is less than xx % and VAT amount is over xx |
Use this option to identify vatable transactions where the VAT rate is more than or less than a specified percentage and more than a specified amount. |
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Identify Purchase Credits where VAT amount equals zero and Net Amount is over xx |
Lists purchase credits with zero VAT and net more than a specified amount. |
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Identify EC Purchase transactions from non-EU and UK Suppliers |
Lists EC transactions posted to non-EC suppliers. |
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Identify Journal Transactions posted to VAT Accounts |
Lists journal transactions posted to the VAT nominal codes. |
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Identify Forward Posted Taxable Transactions |
Lists transactions that were posted to a date in the future. |
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Identify Journal Transactions where Tax Code is not non vatable |
Lists journal transactions with a vatable tax code. |
Choose this option to show all of the reports available for Accounts verification and VAT audit.
Select this option to list transactions where the actual VAT amount is different to the expected VAT amount.
Sage Accounts calculates the expected amount by applying the tax code percentage to the net amount.
To allow for slight differences, enter a percentage tolerance in the VAT Rounding Tolerance % box.
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