The new Reconciliation tab provides a dedicated space to compare the balance in generate.TAX with the tax balance held in the control account of your accounting platform. This functionality becomes available once a tax submission is finalized, helping users verify that their figures align with the source system as of a chosen date.

The module includes a comprehensive reconciliation view with the ability to view all unsubmitted transactions and enter any outstanding balances brought forward. It supports deep-dive drill-downs into transactions, exceptions and other unallocated items, allowing users to investigate the root cause of discrepancies rather than just seeing a summary total. To eliminate the need for offline files, simply click Publish to save a permanent copy of the report directly within generate.TAX.

Integrated activity logs and notes allow teams to record comments and track actions taken during the process. The final report can also be downloaded as a PDF for easy sharing or audit support.

Key Benefits: Reconcile faster with a side-by-side balance view, investigate differences without leaving your workflow and produce professional PDF records for sign-off. By publishing and saving reports internally, you ensure a single, reliable source of truth for the entity's tax records.

To further assist with control, once a return is filed, users can now store the return tax value and the official submission reference directly against the record.  These details are retained within the return record, making them easily accessible for future audits or when tracing filings with tax authorities.

Locate filing details faster, eliminate reliance on separate notes and make historical submissions easier to explain and support.

Later this year, we will also be including an option to add an attachment to the submission.  This will allow the user to attach a receipt or acknowledgement from the authorities.