Reconcile your returns

Introduction

Anrok built the Reconciliation page to help you align sales tax returns with your general ledger and verify the consistency of your financial records. Within the Reconciliation page, you can easily view the tax paid on returns at any point in time and match it with the amount debited from your bank account. Reconciling your returns helps remove the need to go into every return filed to confirm the tax paid by your accountant or sales tax platform.

The Reconciliation page also allows you to export each jurisdiction’s reported tax balances. Exporting returns ensures your reports are always available to update your general ledger to match.

Note CleanShot_2024-04-30_at_16.01.40_2x-removebg-preview.png

The Reconciliation page’s export tool is an enterprise feature available on Anrok’s Growth plans. Please contact hello@anrok.com to upgrade and unlock the full suite of pre-built reconciliation reports.

 


 

View returns in period

You can view the returns filed within a specified period to review each return’s filing period, payment amount, state discounts, and more. Viewing returns can help you reconcile the amount paid on your returns to the amount booked in your general ledger.

Try viewing returns within a period in the demo above ☝️

  1. In the Anrok app CleanShot 2023-07-20 at 12.02.21@2x.png, go to Reconciliation. Take me there! 
  2. Select a Start date and End date for reconciliation.
  3. Navigate to a remitting_status_anrok.png jurisdiction.
  4. Scroll to the right and click the Options Menu button anrok_option_menu.png, then select View returns in period.
  5. Select a return to view its filing period, payment amount, state discounts, and more. See Best practices for reviewing filed returns.

 


 

Export returns in period

You can export your returns within a specified period to view and compare the tax due to the payment amount across all jurisdictions. Exporting returns can be an excellent backup for evaluating differences between your general ledger’s actual and expected balances.

Try exporting returns within a period in the demo above ☝️

  1. In the Anrok app CleanShot 2023-07-20 at 12.02.21@2x.png, go to Reconciliation. Take me there! 
  2. Select a Start date and End date for reconciliation.
  3. Click Export, then select Export returns.
  4. To export a specific jurisdiction’s returns, navigate to the remitting_status_anrok.png or exposed_status_anrok.png jurisdiction.
  5. Scroll to the right and click the Options Menu button anrok_option_menu.png, then select Export returns in period
  6. On the exported CSV file, under the Tax due and Payment amount columns, compare their amounts for each return filed.

 

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