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Accounting | November 2018 – VirtualX MasterClass Series 2 | Episode 1

Welcome to Episode 1 of Series 2: VAT and Creditors Reconciliation in Accounting | November 2018 – VirtualX MasterClass! In this highly informative episode, we dive into the essential concepts and practices of VAT and creditors reconciliation. Join us as we unravel the intricacies of these topics and gain valuable insights into their role in financial management.

In this thought-provoking episode, we explore the importance of VAT and its impact on business transactions. Discover how to calculate and analyze amounts including VAT and amounts excluding VAT, allowing you to understand the true financial implications of these transactions.

Explore the concept of cash sales and its significance in VAT reporting. We’ll guide you through the process of recording cash sales accurately and ensuring compliance with VAT regulations.

Gain insights into creditors reconciliation, a crucial practice that helps businesses reconcile their accounts payable. Understand the role of the internal auditor in ensuring accurate and reliable financial records, and learn the best practices for conducting effective creditors reconciliation.

By the end of this episode, you’ll have a clear understanding of VAT and creditors reconciliation, enabling you to navigate these areas with confidence and precision.

Subscribe to our channel and turn on notifications to stay updated with each new release. Join us in Episode 1 of Series 2: VAT and Creditors Reconciliation in the Accounting | November 2018 – VirtualX MasterClass and unlock the secrets of effective financial management.

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Source: VirtualX MasterClass, Published: [publish_date]

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