Finally, it solves the VAT area and Intrastat in your company.
Financial Executives interested in:
How to speed up the process of preparing VAT reports and the Intrastat report? ●
How to have the process of preparation of VAT returns under full control with an audit trail? ●
How to ensure substitutability during the preparation of VAT return? ●
How to easily compare VAT returns and Intrastat and explain differences between them? ●
How to easily prepare subsequent and corrective reports? ●
How to respond quickly to changes in reporting methodology for the VAT control statement? ●
How to easily add new codes of supply to the control statement?
More information about taxCube ™
The tool allows you to easily prepare and submit the VAT control statement and Intrastat report.
taxCube is technically independent and working separately from the client’s main accounting / ERP system.
A tailor-made secure system
It allows you to read and integrate data from common economic systems (SAP, Oracle, JD Edwards, Axapta, Navision, etc.). At the same time, it allows you to link data from multiple sources / systems.
It respects your IT environment, accounting practices and methodology, i.e. the methodology of using exchange rates, applying credit notes, tax codes settings.
taxCube allows you to set different user access levels.
When you are working with taxCube, your data does not leave your company.
Well-arranged and easy to use application
It keeps a detailed audit trail of all tax documents, i.e. the import time, who performed the import, what changes were made, what tests reported an error, when the documents were entered into the return.
The taxCube VAT reporting environment is user-friendly, clear and easy to understand.
I would like to get detailed product specification I would like to gain access to webcast „How to make VAT reporting easier (in the Czech Language only)“Benefits of taxCube ™
<% /* DONT REMOVE CONTENT-HIDDEN */ %>Simplifies and automates the process of preparing and submitting VAT reports and Intrastat reports
The process of preparing and submitting electronic reporting is supported by taxCube from importing data through control mechanisms to electronic submission, or saving xml files for EPO or CSV files for InstaDesk.
It allows for the processing of VAT reports without the need to keep records and perform manual adjustments outside the system, for example in Excel.
taxCube ™VAT Reporting brings time and cost savings:
- Validation of VAT ID in VIES
- Checking unreliable payers
- Validation of the combined customs lists
- Exchange rates management according to CNB, ECB
taxCube ™will always reflect current legislative requirements.
taxCube ™can quickly adapt to your new requirements, extend user access, take account of changes in your accounting system.
Enables automatic submission of electronic reports
Sending all types of VAT reports directly to the EPO, including archiving of submitted VAT reports and received dispatches from EPO at the touch of a button.
Advantages of taxCube ™over accounting SW
- allows making changes in tax records even after the closing of accounting,
- can be simply prepared for legislation changes (i.e. new local reverse-charge),
- integrates external data, registers all inputs and changes,
- deals with legislation changes, therefore there is no need of updating processes at each change of VAT rules
It performs a full range of data and tax reporting controls and significantly reduces the risk of errors and possible penalties:
- Validation of VAT ID in VIES
- Checking unreliable payers
- Validation of the range of statistical list of values
- Exchange rate checks according to CNB, ECB
- Checking tax calculation
- Confirmation of credit notes, confirmation of exports
- Tax Code Corrections, etc.
It archives the complete VAT records in one place.
From input data to VAT reporting forms, including validation of VAT IDs and confirmation of payers' reliability at the time of VAT reporting, everything is archived in one place and easily traceable.
Advantages of taxCube ™over Excel processing
- It allows to control access rights
- Allows simultaneous work of several users
- It controls input data quality through a variety of analytical tests
- taxCube reviews the records in the VIES and unreliable payer register, downloads CNB/ECB Exchange rates
- taxCube stores results of analytical tests to the database for future reference as a probative evidence
- It saves an audit trail of all changes
- Enables to prepare and file all VAT reports directly to EPO
- It allows archiving all submitted reports for future reference
- taxCube is able to work with a large volume of data in the VAT ledger (600 thousand rows or more per month)
- Automatically notifies the user in case an additional VAT report has to be filed
- It contains advanced reporting and analytical capabilities for quick analysis of errors and their recovery
- taxCube enables a quick response to the tax authorities’ queries and therefore reduces the risk of incurring penalties for missing statutory deadlines