New Features in Version 12
Manage your VAT periods and reporting using the new Sage Pastel Tax Manager
Closing VAT periods is essential to ensure correct VAT reporting to SARS and VAT reconciliations. With the new Tax Manager feature, you can set up your VAT reporting periods, process your transactions as usual, and at the end of each VAT period, print your VAT reports and close the period. Back-dated transactions will automatically form part of the next VAT period.