Reconcile an Intrastat declaration
This compares the Intrastat Intrastat is the name given to the method of collecting information and producing statistics on the movement of goods between Member States of the European Union (EU). An Intrastat is necessary for VAT registered businesses with a value of despatches of goods to other EC countries or of arrivals of goods from other countries exceeding a threshold. Sage 200 provides the information and reports required to make Intrastat submissions. Intrastat is also known as Supplementary Statistical Declarations (SSDs), Intrastat Supplementary Declarations (ISDs), or Supplementary Declarations (SDs). values for the selected period against the associated values for VAT. You can use this to identify differences which may require further investigation.
For example, differences can occur if sales or purchases have been made but not recorded in Sales Order Processing and Purchase Order Processing.
To reconcile an Intrastat declaration
Open: Accounting System Manager > Intrastat (SSD) > Reconcile Intrastat Declaration.
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Select the VAT month and VAT year from the drop-down lists.
The values are displayed for the specified period.
For each VAT rate of the type EC, the Terms, Sales Value and Purchase Value are displayed.
The total sales value and total purchase value for the stored Intrastat entries are displayed, along with the number of Intrastat entries used to compile the totals.
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Click Print to print the values.
Note: Compare the values to those generated by the VAT Return in the Nominal Ledger. The totals for Intrastat entries may be less than the totals for VAT. This is because only transactions for goods and services related to the goods, will be included in the totals, whereas the VAT entries cover all transactions.
The Intrastat totals should equal the total of all VAT transactions for VAT codes that cover Goods and related services.