With ClearTax Reconciliation, effortlessly match your e-invoice tax calculations with your sales records. Our solution streamlines the reconciliation process, handling high invoice volumes with ease and ensuring VAT compliance with minimal effort
Are you struggling with huge number of e-invoices failed during reporting / clearing with ZATCA. Anything less < 99.5% could be alarming for the business
If you spending more resources than this, rethink if you have fully automated process on error identification and resolution
The taxpayer becomes liable to warnings and penalties if the VAT filing is not in sync up VAT claimed via e-invoicing and is higher than 1% more features
No bigger indicator that your implementation was not first-time right and there are open loops still not plugged in
Invoices not sent to e-invoicing solution provider for e-invoice creation but posted in central database / ERP
Invoices sent to e-invoicing solution provider for e-invoice creation but failed with ZATCA
Difference in date of issue in Sales / GL records vs E-invoicing platform since e-invoices issued after the sales transaction was recorded
Credit notes not issued as e-invoices for canceled transactions
E-invoices directly generated via Cleartax platform but not posted in ERP
Match datasets worth ‘000s of e-invoices within few seconds to check for compliance VAT filing
Improve accuracy with rule-based workflows to quickly find discrepancies & deviations
Monitor and manage with cloud-based dashboards to provide real time visibility into recon status, timeline status, pending actions and many more features
Enable real-time actions such as posting credit notes, posting invoice in ERP, sending invoice to ZATCA and others to fix deviations in VAT filing
API or FTP integrations to get integrated with both sources of data - Sales records and e-invoices