VAT-ERP analysis

VAT is a fact of life for every business. Large or small and all sectors. Unfortunately, laws and regulations concerning VAT are not simple. By integrating the transactions of your goods and services into your ERP-system, you substantially reduce the administrative burden for your business and avoid additional tax assessments and fines. It also projects a professional image, for example to the tax authorities; and you avoid paying too much VAT.

How does your organisation deal with VAT? Are you confident about your records when faced with an inspection by the tax authorities? Are your VAT payments correct and are you sure you are not paying too much VAT?

Our services

At BDO we are highly capable of helping you integrate transactions into your ERP System. We do that in three modules:

1. VAT-ERP analysis 'basic': inventory of risks and opportunities
   Our specialists identify and list the transaction flows within your business and based on this establish the current position of the VAT treatment (the 'actual' position). We subsequently compare this with the optimum situation (the 'target' position). Finally, we check whether your VAT codes correspond with the transaction flows in your business. You receive a report from us with our findings, recommendations and follow-up steps.
2. VAT-ERP analysis 'depth': in-depth checks + process check
   Our specialists analyse whether your goods and services flows are processed correctly in the return. We randomly check your invoices on included transactions and invoice requirements. We also identify and list the procedures for processing VAT transactions, such as the authorities of employees for entering data in your ERP System. You receive a report from us with our findings, recommendations and follow-up steps.
3. VAT-ERP analysis 'in control': full assistance
   In this most extensive module we provide full assistance for the implementation of transactions in your ERP System. Our points of attention and recommendations are based on the 'basic' and 'depth' analyses;. We always work together with an IT technician in your organisation, your software provider and, if needed, an IT specialist from BDO. We randomly check your ERP System on the correct processing of your goods and services flows.

Contact

If you would like a quotation? Would like to know what module would suit your business best or you would like an introductory meeting with us without obligation? Please contact one of our specialists on the VAT-ERP team.