VAT Records and Reconciliation Workpapers for Zimbabwe
Organise invoice, supplier bill and ledger figures by period and currency when preparing VAT workpapers for review.
Open the tax workpaper workspaceCollect the supporting records
Bring together the sales and purchase documents, relevant ledger accounts and fiscal records for the period. Check currency and transaction dates before reconciling totals.
Record reconciliation differences
If the invoice register and ledger differ, trace outstanding postings, credit adjustments and classification differences before using the figures in a workpaper.
Keep the review evidence
Retain the supporting documents and filing reference with the reviewed records. Confirm filing and fiscal requirements through ZIMRA.