VAT management Software VATAX, the latest product of garments specialized software company Skylark Soft Limited, has been launched recently. It is a unique application to manage VAT operation smoothly as per the compliance of the National Board of Revenue (NBR) according to VAT ACT 2012. The VATAX has been developed by a unique team and has been defined by a certified VAT Consultant in Bangladesh. It follows the NBR Guideline fully compliant with VAT & SD Act 2012, as of GO-16/VAT/2019
VAT management software is an NBR Approved VAT software system that is used to calculate value-added tax or VAT for an enterprise. In Bangladesh, VAT Management Software is used to record entries related to sales, purchase, inventory, production and payment-related entries and finally generates government prescribed reports. VAT software also helps users to submit a final VAT return to the government system directly. Users can monitor digitally from anywhere they like. It generates reports on daily, monthly & yearly activities that allow users to be aware of their financial status. VATAX is in full compliance with the VAT Act of 2012. This VAT management system gives your business a Real-Time data operating system with accurate reports by following NBR rules & always ensures customer priority with 100% effort and provides quality support.
Benefits : VAT Management Software - VATAX
The benefits of Automated VAT solutions know no bounds. It is free of human intervention.
It minimizes human error
This is true. Generally speaking, an automated process is system generated, so the logic here is that whatever is the automated command, it repeats the same cycle. It won’t make any errors unless the method is interrupted, which is the total opposite of the human workforce. Humans as we are, we commit mistakes, so if we are to be compared with machines in terms of errors, it is likely that technology is much effective
Complete tax compliance is achieved
Technology is rapidly evolving and so is the tax system. Tax rules and regulations are flexible; Authority can change those from time to time. So, with the automated tax system, effective and immediate global VAT compliance is positively reached. VAT compliance alone is a big and complex process, so VAT Automation can significantly support the work.
It takes away much burden
This is the obvious advantage of automated VAT. The burden of the manual process is eliminated. Manually doing everything takes a lot of time, effort, and concentration, so with the automated system, all of these will be utilized in some areas that manpower is much needed. Aside from that, the pressure on a lot of people is also minimized.
VAT returns are processed quickly
Because everything is automated and system generated, a faster VAT system can be achieved. VAT returns specifically are managed quickly with the automated method compared with the manual way. The sad reality is that when paperwork is done by the human workforce alone, it would take forever to finish them.
Reports are accurately Produced
With easy access to the VAT process, financial reports are processed accurately. So, whenever there are audits, hard copies of financial records can be easily accessed and reviewed. Soft copies are not a problem too. Auditors have the convenience to compare the hard copies of financial reports with the soft copies.
VAT data is safe
One good thing about automation is that it keeps records safe. Although there are so many cases of a security breaches, a strong security system is the only solution to this. So, IT Professionals are much needed in this case. As long as you have the right people, you are secured.
Modules : Automated VAT Software - VATAX
Our Software makes it easier to manage the different forms of taxes that apply to each industry. Automated VAT solutions track all the transactions in the case of worried businesses. Additionally, it ensures compliance with tax laws forever. Similarly, it ensures no one has to worry about any penalties or fines from the government. Besides, easy to customization according to requirements, makes VAT system a robust ones.
Purchase
- Imports
- Local Purchase
- Debit Notes
Sales
- Local Sales
- Export
- Credit Notes
Inventories
- Raw Materials
- Product/Service
- Product Receive
- Transfer Raw Materials
- Transfer Products
Reports
- Mushaks
- First Tofshil
- Second Tofshil
- Third Tofshil
- Products On 15% VAT
- Tarrif Schedule
System Settings
- Permission
- Categories
- Suppliers
- Customers
- Inventories
- VAT Types
VAT Automation- Sectors
Specifically designed for businesses like yours to be provided with. We always believe in Excellence, our intuitive tool that is a time-saver and makes your bookkeeping easy and smooth. We’ve developed the best software to make vat digital. It maintains a vast customer base in Bangladesh. Moreover, As a desktop and cloud-based solution, VATAX has got a more competitive advantage. In conclusion, this software has a tiny footprint and is very easy to handle