Our software is built with strict adherence to South African financial compliance and IFRS Accounting Principles. To simplify your annual reporting, the system features a dedicated Accountant's Year-End Audit Engine.
Generating Statutory Reports
The Audit Engine is specifically aligned with the South African statutory tax year.
- Navigate to the Financials tab in your main dashboard.
- Select Year-End Audit Engine.
- Choose the specific financial period you wish to close out.
- The system will automatically compile all ledger entries, apply the standard 15% VAT logic to applicable transactions, and generate an immutable PDF and CSV export for your accountant.
Important Note on VAT Adjustments
The 15% VAT calculation is hardcoded into the core transaction logic to ensure compliance with SARS Tax Laws. If you are processing international (Zero-Rated) transactions or exempt items, you must flag these items accordingly in your product master file *before* generating your final year-end audit.
