What is Analytical Review?
There are two types of Analytical review built into the VAT filing card, namely:
- Analytical Review (MoM)
- Analytical Review (YoY)
Analytical review provides users with a view of their current periods VAT return compared to the prior months VAT return, showing any variances/ differences, in anticipation of a SARS verification or review.
The values for Current Period are pulled through from the Output VAT, Input VAT and Diesel Refund tabs populated.
The values for Current Period are pulled through from the Output VAT, Input VAT and Diesel Refund tabs populated in the previous periods tax filing card.
This is calculated as the difference between Current and Prior periods
You can add comments to explain any difference/ variances. Click on the + next to the related variance you would like to add a comment for:
Capture your comment in the pop-up and Click Save:
The comment will appear on the line it relates to:
The comment can be updated by clicking on the Comment icon next to the comment. The user, date and time of comment is also saved.
Analytical review provides users with a view of their current periods VAT return compared to that period in the prior year VAT return, showing any variances/ differences, in anticipation of a SARS verification or review.
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