Good day,

Could you kindly look at adding the ability of tracking VAT on your accounting system?  In effect, your system does everything that full accounting packages can do, with the exception of producing VAT reports on input and output VAT.

Legally, a school charging for a service, such as a school trip, an outing, etc needs to determine the VAT component of those charges from School Fees which are VAT exempt.  This also applies to purchases made, which in most cases, are VATable.

Hence, when we bill for VATable items, we need to have a report to show the part of a monthly billing that was liable for VAT, a report to show input and output VAT and what amount of VAT needs to be paid to or claimed from SARS.

I am certain that this is a statutory requirement and therefore should be addressed as a matter of urgency.

Thanks