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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 code types, embedded GST expenditures (e.g. travel allowances and expenses) and missed or incorrectly coded GST entries. Any financial system can report on specific account postings which represent the GST amounts from each invoice.
Xyntax tracks and reports on the missed postings 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.
"GST Tracking and Recovery" is part of the Xyntax line of products, developed by Xyntax Native Systems.