Summary
Description
This checklist is only a guideline to perform the Interim reconciliation. You may also book a consultant
Please download the latest e@syFile software.
Resolution
Step | Procedure |
1 | Create a ‘Interim Recon 2024’ folder to save all applicable backups, reports and files to for reference and record purposes. |
2 | Backup data before any changes are made:
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3 | Create the Tax Monthly Total record From the Navigation Pane
Print the following reports: From the Navigation Pane
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4 | Ensure the following Company Basic Information is correct: From the Navigation Pane
Ensure the correct Official Interest Rate was used during the assessment year. |
5 | Verify the definition types, tax type and tax codes on each payroll definition. From the Navigation Pane
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6 | Check the reimbursive travel allowance setup. From March 2022, the taxation of reimbursive travel allowance changed,it requires that the portion of all kilometres reimbursed at a rate, greaterthan the prescribed rate per kilometre,be included in remuneration and is therefore subject to PAYE
For further assistance, please book a consultation. |
7 | Check that there is no Retirement Fund health check message on your home screen.Ensure that all Retirement Funds setups were done and that employees were linked to the applicable funds.
For further assistance please book a consultation. |
8 | Check all Employee Information screens or perform an Employee Take-on export - with data, to verify the following mandatory information: From the Navigation Pane
Personal Details
Statutory Details
Bank Details
Employment Tax Incentive
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9 | Verify the following Medical Aid information: Ensure that the Medical Aid Dependants reflect correctly on the Medical History Screen. From the Navigation Pane
Print the Medical Aid Plan Basic report and compare this with your monthly Medical Aid billings. Print the Medical Aid History report and confirm all information on this report. From the Navigation Pane
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10 | Ensure that all employees, who were issued with a manual tax certificates, are flagged. From the Navigation Pane
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11 | Print the Validation report and ensure that all errors has been resolved. From the Navigation Pane
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12 | Verify RFI Totals for all applicable employees and make adjustments where necessary. From the Navigation Pane
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13 | Reconcile the tax paid to SARS by comparing it to the tax on the Sage 300 People system for the tax year. Use the EMP501 Report to assist with the reconciliation process(when doing a Tax Certificate Export, tick the box to Print EMP501 Reports. |
14 | Reconcile the ETI Tax Incentive claimed from SARS by comparing it to the ETI Tax Incentive on the Sage 300 People system.Use the EMP501 Report and the ETI Detail Report. |
15 | Do a Test Run Tax Certificate export for Interim Recon and import the test file into e@syFile-Employer.
From the Navigation Pane
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16 | Do a Live Run Tax Certificate export for Interim Recon 2024 and import the live file into e@syFile-Employer,only if no error list is generated. Note: No IRP5 certificatese may be issued to employees. |
17 | All importing and processing must be done on the latest version of e@syFile available at the time of submission. Download the latest version from www.sarsefiling.co.za |
18 | The following steps must be performed in e@syFile:
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19 | Backup Interim Recon data for 2024:
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