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ICB PAYROLL & MONTHLY SARS RETURNS

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Women In Business
Women In Business

Summary slides which I use when lecturing the ICB Payroll & Monthly SARS Returns. These slides are based on the ICB Textbook and are fully referenced to the Textbook.

1 of 4
L E A R N I N G M O D U L E 1 PAYROLL AND MONTHLY SARS RETURNS
BASIC BOOKKEEPING AND VAT • Tax Invoices • Credit Notes • Cash Receipt • Deposit Slip • Cheque Counterfoil • EFT confirmation slip • Petty Cash Voucher • Journal Voucher Source Documents
BASIC BOOKKEEPING AND VAT •Cashbook Receipts •Cashbook Payments •Petty Cash Journal •Creditors Journal •Creditors Allowances Journal •Debtors Journal •Debtors Allowances Journal •General Journal Subsidiary Journals •Accounting Equation •Assets •Liabilities •Owners’ Equity •Expenses & Incomes The General Ledger
BASIC BOOKKEEPING AND VAT Theory of VAT VAT Supply Categories •Taxable supplies •Non-Taxable supplies •Standard rated supplies •Zero-rated supplies •Exempt supplies •Non-allowable items VAT returns •Documentation required for VAT input claims •Accounting basis •Invoice Basis •Payment Basis VAT Periods •Due date of payments •Penalties and interest VAT avoidance and evasion Submission to SARS

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ICB PAYROLL & MONTHLY SARS RETURNS

  • 1. L E A R N I N G M O D U L E 1 PAYROLL AND MONTHLY SARS RETURNS
  • 2. BASIC BOOKKEEPING AND VAT • Tax Invoices • Credit Notes • Cash Receipt • Deposit Slip • Cheque Counterfoil • EFT confirmation slip • Petty Cash Voucher • Journal Voucher Source Documents
  • 3. BASIC BOOKKEEPING AND VAT •Cashbook Receipts •Cashbook Payments •Petty Cash Journal •Creditors Journal •Creditors Allowances Journal •Debtors Journal •Debtors Allowances Journal •General Journal Subsidiary Journals •Accounting Equation •Assets •Liabilities •Owners’ Equity •Expenses & Incomes The General Ledger
  • 4. BASIC BOOKKEEPING AND VAT Theory of VAT VAT Supply Categories •Taxable supplies •Non-Taxable supplies •Standard rated supplies •Zero-rated supplies •Exempt supplies •Non-allowable items VAT returns •Documentation required for VAT input claims •Accounting basis •Invoice Basis •Payment Basis VAT Periods •Due date of payments •Penalties and interest VAT avoidance and evasion Submission to SARS