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Automate the calculations of VAT and other taxes on both sales and procurement transactions in Saudi Arabia and the United Arab Emirates.

- Data Extractor.

- VAT Calculation.

- Verification.

- Exception Handling.

- Adjustment.

- Verification.

- Reconciliation and Reporting.

Interested in Compass VAT?

Ask for more information now.

Compass VAT Solution

Features:

logo

Multi-Company

Cloud Based

Features

Seamless Integration

VAT CALCULATIONS

  • Compass VAT will automatically import data at predefined schedule from sales and purchase transactions directly from your financial/ERP system like SAP, Oracle, Sage, etc.
  • You can import data in multiple formats such as txt, csv, xls, and xml.
  • Compass VAT will integrate seamlessly with any system.

Why do you need Compass VAT?

DATA EXTRACTOR

      Calculate VAT :

  • per product type or per vendor.
  • use different rate calculations.

EXCEPTION HANDLING

  • Data checking and validation identifies the errors and conflicts that can usually be fixed within the taxation period rather than requiring adjustments.
  • More than 100 data checks during data extracting to have VAT returns as accurate as possible.

VERIFICATION

  • Handle all exception and solve them after verification module.
  • Errors are pushed to an error list to review.
  • Daily extracts identified errors which can be corrected in the ERP.

REPORTING AND RECONCILIATION

  • Adjustments are made in a controlled, structured, and in an easily visible manner.

ADJUSTMENT

  • Intercompany reconciliation processes.
  • Direct drill down from the return boxes to the underlying invoices.
  • Tracking paid or refund vat amounts.
  • All reports are in Arabic and English.
  • Data mining tools and Dashboard.
  • Automated support for VAT to GL reconciliation.

WEB BASED

ERP INTERFACE

Compas VAT will interface with any ERP or accounting system, or several of them at once.

You only need an internet browser to run the system

Compatible with GCC regulations for Value Added Tax.

We provide local support in:

  • Saudi Arabia (KSA) including Riyadh and Jeddah.
  • United Arab Emirates (UAE), including Abu Dhabi, Dubai, Sharjah, and all major cities.

Compass will always be up to date reflecting all and any changes in the reports and calculation rules.

GCC

UPGRADES

BENEFITS

LOCAL SUPPORT

Take a look at all the benefits offered by Compass VAT!

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