The module which accepts data in any structured data format, it can be using a user upload or through SFTP or through API integrations. The format includes .txt/ .CSV/ .xml/.xls/.xlxs.
The ‘Schema Generator’ is used to convert the source data ﬁle in application Native format very smoothly.
The transformed data is validated using various structural and logical aspects to perform data cleansing.
Use multiple host system data to do compliance at one place!
The VAT engine, based on the input data, determines the accurate tax on each transaction and compute the correct VAT payable.
The VAT engine veriﬁes each transaction of sales and purchase and applies tax rules mas per the provisions stipulated in the decree law to determine the right treatment in each transaction/invoice.
VATeGenie is designed to handle the diﬀerent exceptions in computation of VAT as per speciﬁc business needs and dynamics of the region.
The data for VAT return ﬁling is checked and vetted by strong tax logics built already in system. End to end maker – checker Workﬂow.
VATeGenie is capable of providing reverse feed of changes & rectiﬁcations back to the accounting/host system.
Reverse feeds can be used for accounting and audits purpose.
The application provides the ready VAT returns in prescribed formats after processing the data.
As per Government regulations the FTA Audit File (FAF) is prepared and there for you anytime you want.
Multiple other ﬁnancial, operational, accounting and compliance reports that add value to the overall business.
VATeGenie can generate bulk Invoices from raw data input. VATeGenie also brings in ﬂexibility with options of diﬀerent templates of invoicing even within a business for use in multiple divisions, verticals and branches of an organisation.
Rest assured, your invoices will be compliant with the invoicing rules.
Email all invoices directly in bulk to the customers & notify them.
Logs of all the user activities are maintained in the system, providing complete audit trials for eviews.
Allocation of user rights and the maker checker application approach provides with good internal ontrols.
Your data is secured in hands of VATeGenie. Be. Rest. Assured.
This is the best activity tracking tool, using this the Managers or Partners or top management can manage or track the client compliances.
Easy management of users in the application to ﬁle VAT returns of clients.
Manage the entire spectrum of practise by directly ﬁling client returns, task tracking amongst team members, client billing, emails and notiﬁcations engine for clients to be updated on their compliance as well as latest in compliance laws.
Features as such, you will have to look nowhere else
VATeGenie is backed by the strong team of Tax professionals and dynamic developers.
VATeGenie can be adjusted according to be need of every organisation.
The thoughtful design of VATeGenie allows to take control of compliance as well as data.
The data and compliance activities of multiple branches can be managed Centrally.
VATeGenie only fetches data form ERP or any other Accounting system, it need not to be Integrated to host system to work. The Implementation activity does not disturb organisations daily schedule.