AccSoft ERP
AccSoft ERP Home Blog Details Introduction A system fully complies with Sri Lankan Tax…
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Today it is critical for businesses to comply with local tax regulations, otherwise competitive business environment will be lost. AccSoft ERP fully complies with Inland Revenue Tax regulations of Sri Lanka, VAT or SVAT and SSL It also accommodates the non-VAT customers and having an inclusive price system. Such a complete methodology ensures hassle-free and errorless financial management for companies.
The different elements of a tax system, which firms in Sri Lanka have to transit through are;
This facilitates AccSoft ERP to automatically look after the VAT from calculation of collection and payments. To keep the system in line with new VAT rates and rules, ensuring fiscal compliance and want to avoid mistakes as a result inaccurate data entry.
Zero-rated supplies tracking: SVAT businesses can now effectively track the zero-rated supplies, with powerful yet easy to use tools within AccSoft ERP. This makes it easier for compliance and documentation requirements of the SVAT regulations.
AccSoft ERP also supports many other local taxes of Sri Lanka to help the businesses and ensure that all transactions are done complying with legal requirements.
No Need of using AccSoft ERP for those non-VAT customer. Ability to calculate Inclusive pricing The solution is particularly effective for a company that has both VAT registered & non-VAT customers and which requires inclusive level price accuracy without manual adjustment of prices.
The automated tax calculation built into AccSoft ERP also will ensure that all of your taxes are calculated & recorded properly under the current rules from a compliance failure which could mean less hassle for customers.
With Automated Tax related process AccSoft ERP is as easy to set up and maintain giving you less burden on admin work for your team. This effectiveness gives your staff time to do general work, thus enhancing productivity in response.
Tax laws and rates get altered too that are updated into the ERP System. These updates are in real-time so you can always ensure that your platform is compliant to the current list of regulations without having to perform continual changes manually.
Companies can used the built-in extensive reporting functions to aid in prompting and preparing for submission of tax returns using AccSoft ERP. These reports can be customized as per Sri Lanka Tax Department Requirements.
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