Sage and reconciling VAT

Sage and reconciling VAT

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Please can someone explain what reconciling invoices means in terms of Sage for VAT purposes?

I believe when a VAT return is run you are asked if you wish to reconcile the invoices?
Liz

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By User deleted
29th Apr 2006 17:10

Reconciling VAT Return
If you 'reconcile'the VAT Return it means that all the transactions included within the return will be effectively cleared so will not appear in a future VAT Return. If you don't reconcile it and on a future period have transactions of an earlier date you will not be able to identify them as all of the previous quarter's transactions will come up again.Therefore after you have checked the figures and printed the reports you need to reconcile each return.

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