GST/HST Tracking & Recovery
Accounting, Accounting Software, Native
Reduce GST/HST Recovery Audits & Increase your Refund
The Xyntax GST Tracking & Recovery Module integrates with the Xyntax Accounts Payable and Accounts Receivable modules to assist the financial manager in identifying specific GST coding and preparing period end submissions.
First Nations spend thousands of dollars every year examining historical Accounts Payable transactions to identify those transactions where GST was incorrectly calculated, incorrectly processed or missed altogether. Even if outside consultants are used for this process, the cost to the Nation can still be substantial. Most financial systems can report on specific account postings which represent the GST amounts from each invoice, however, Xyntax tracks and reports on the missed entries and identifies invoices, expenditure types and GL account codes which should have a GST component. This greatly reduces the GST recovery audit time by pointing directly to items for further investigation.
, Accounting Software
, Financial Software
, First Nations
, Xyntax Systems