VAT Guide for Beginners on Sage in 10 Easy Steps

📚 Welcome to Your Ultimate VAT beginners Guide! Embark on a journey through the intricate world of VAT on Sage, simplified into 10 easy steps.

This under-30-minute guide shows you how VAT works on Sage, how to complete and submit a VAT return from the beginning to the end, designed for beginners and those looking for a crisp refresher.

🔖 Journey Through the Chapters:
0:00 ✨ The Ultimate VAT Guide for Beginners in 10 Steps.
1:12 🕵️‍♂️ Step 1: Find & confirm the VAT balance.
4:09 ⏳ Step 2: Closing the VAT Period in Sage.
5:44 📄 Step 3: View & Download the Sage VAT Report.
7:38 🔧 Step 4: Streamlining the VAT Spreadsheets.
8:22 🔀 Step 5: Transfer data from Sage Reports into a VAT summary spreadsheet.
10:36 📊 Step 6: Summarise VAT transactions from the VAT report.
12:13 ✅ Step 7: VAT Reconciliation.
14:06 🌐 Step 8: SARS Efiling - Request the VAT201 Vendor Declaration Form.
15:39 📝 Step 9: SARS Efiling - Completing & submitting the VAT201 return.
16:07 📞 Step 9.1: Contact Details.
16:43 💵 Step 9.2: VAT201 Part A: Output VAT.
17:50 🧾 Step 9.3: VAT201 Part B: Input VAT.
18:37 💰 Step 9.4: VAT201 VAT Payable: Output VAT less Input VAT.
19:05 ⛽ Step 9.5: VAT201 Part C: Diesel Fuel Refund System.
20:16 ✉️ Step 9.6: VAT201- Submission.
21:04 💳 Step 9.7: VAT201- The SARS eFiling Payment.
24:00 🏦 Step 10: Authorising the VAT Bank Payment.
25:24 🎓 Conclusion.

⚖️ Disclaimer: The information and steps provided in this video are based on professional experience and are intended to guide you through VAT management using Sage. However, this guidance should not replace individual consultation with a qualified professional, especially in complex or unique cases. Always seek personalized advice from a tax or financial expert to address your specific circumstances.

🛍️ Your Free Trial: Kickstart your VAT mastery with a free 30-day trial of Sage Accounting, tailored for the Africa-Middle East region. No commitments, just a golden opportunity to explore.

🚀 Start Your Free Trial Here 👉 https://accounting.sageone.co.za/SignUp.aspx?ProductReferralReference=R571216 (Transform your VAT management in a breeze!)

But wait, there’s more! Get payroll to elevate your payroll management experience.

📈 Sage Business Cloud Payroll 👉 Explore Now https://app.payroll.sageone.co.za/#/register/client?referralCode=W28869 (Unleash the next level of payroll management!)

👍 Found Value in This Guide? Your likes and subscriptions fuel our content creation. Hit that thumbs up and subscribe for a journey through more empowering content. Every interaction counts, and we're grateful for your support!

🔄 If this walkthrough illuminated your VAT pathway, consider sharing the light with others. Every share spreads knowledge and empowerment!

📣 Let’s Connect!

Website: https://thefunaccountant.com
Instagram: thefunaccountant
Twitter: @fun_accountant
Facebook: thefunaccountant

Thank you for watching! Let's make VAT less taxing together! 😉

Скачать видео