Topics Discussed:

• Module 1: VAT + Bookkeeping - How They Fit Together
  • Why VAT accuracy depends on bookkeeping, how VAT flows through sales/purchases ledgers, and what “VAT-ready records” look like
• Module 2: VAT Coding Made Practical
  • Standard-rated vs zero-rated vs exempt vs out-of-scope, choosing the right VAT code at capture stage, and common miscoding patterns
• Module 3: Capturing Sales Correctly (Output VAT)
  • Sales invoices, deposits, credit notes, discounts, and ensuring output VAT is complete and aligned to sales reporting
• Module 4: Capturing Purchases Correctly (Input VAT)
  • Purchase invoices vs receipts, supplier VAT details, capital vs expense capture, and avoiding input VAT claims that can’t be supported
• Module 5: Tax Invoices and Supporting Documents — The Non-Negotiables
  • What documents you need to support VAT claims, handling missing/incorrect invoices, and organising documents for quick retrieval
• Module 6: Common Transaction Types That Cause VAT Errors
  • Mixed-use expenses, staff-related spend, entertainment, fuel/travel, imports of services (intro), and how to flag high-risk items early
• Module 7: VAT Control Accounts and Journals
  • Understanding VAT control accounts, typical VAT journals (corrections, reclassifications), and how journals can create VAT reporting mismatches
• Module 8: The Month-End VAT Workflow
  • A practical checklist: close-off sales/purchases, run VAT reports, review exceptions, reconcile VAT controls, and prepare for VAT201
• Module 9: Quick Reconciliation Checks Before Submission
  • Matching VAT reports to general ledger, spotting unusual movements, dealing with rounding and duplicates, and ensuring credit notes are handled properly
• Module 10: Common VAT Mistakes and How to Avoid Them
  • Wrong codes, claiming without valid invoices, timing/cut-off errors, duplicate capture, misallocating credit notes, and mixing personal/business spend

All Included:

• Recording of the webinar
• Q&A with the presenter
• Downloadable course material
• Certification of training
• Assessment (optional)
• SAIT Accredited (2 verifiable CPD hours)