Sri Lankan businesses need VAT handling that is accurate, practical, and audit-friendly.
ACIS POS provides a complete VAT workflow from daily sales and purchases to period-end VAT reporting, so finance teams can prepare returns with better confidence.
1. Central VAT Setup for Consistent Operations
ACIS POS lets your team maintain VAT settings in one place, including:
- VAT module enable/disable
- VAT registration profile
- VAT number
- Default VAT code, name, and rate
- Price mode and rounding setup
- Effective date controls
This helps standardize VAT behavior across users and branches.
2. Output VAT Tracking from Sales Transactions
Sales-side tax data is captured and structured for VAT reporting.
Instead of manual consolidation at month-end, ACIS POS keeps VAT-ready sales tax lines linked to transactional records for reporting and export.
3. Input VAT Tracking with Evidence-Based Controls
On the purchase side, ACIS POS tracks input VAT with supporting evidence fields such as:
- Supplier VAT registration profile
- Supplier VAT/TIN details
- Purchase invoice references
- Tax invoice availability
- Claimability indicators and disallow reasons
This gives accounts teams clearer visibility into what can be claimed and what needs correction.
4. VAT Payable Summary for Filing Readiness
ACIS POS prepares VAT payable visibility using:
- Output VAT totals
- Claimable input VAT totals
- Net payable position
This helps finance teams move faster from operational data to filing preparation.
5. Compliance Workflow with Status Control
VAT periods can be managed through practical review states such as:
- Draft
- Reviewed
- Locked
- Filed
- Reopened
This supports better internal control and accountability before submission.
6. Evidence Health and Risk Visibility
The VAT dashboard highlights evidence completeness and warning indicators, including risk and unsynced purchase areas, so teams can resolve gaps before filing deadlines.
7. Export and Audit Support
ACIS POS supports VAT report exports and export audit history, including status and compliance snapshot details for accountant and management review.
Final Note
ACIS POS is designed to help businesses manage VAT with stronger structure, traceability, and reporting readiness.
As with any compliance process, proper setup and periodic review are essential for best results.