We pay VAT quarterly and we always compare the figures in Manager to what has been registered in the system of the local revenue authority system.
From Summary I look at Tax payable and go to the last day of the quarter to be paid, in this case 31 of May 2019. The quarter goes from 1st March 2019 to 31st of May 2019.
At the same time I create a Tax transaction report for the same period where we can check the list of all transactions with VAT and compare them to the transactions in the revenue authority system.
In my opinion, the total amount of VAT to be paid as shown in the Tax payable from Summary should be exactly the same as in the Tax transaction report. Am I correct? Instead there is a small difference .
Any reason for this?