Reconciliation is a crucial step that you, as a taxpayer, need to undertake to avail ITC. For every month’s GST filing, you need to reconcile your purchase data with all your suppliers’ sales data that they have uploaded on GSTN.
Now in addition to Smart auto-triggered reconciliation, in IRIS Sapphire we also added Advanced Reconciliation Feature.
By using Advanced reconciliation feature now you can compare the maximum of your purchase invoices.
Based on below points you can compare your invoices:
1. Across financial year
2. Invoice no. Fuzzy logic
3. Ignore invoice no. and search for exact amounts i.e. invoice value/Taxable Value/Tax values
4. Ignore invoice no. and search for values within the tolerance