VAT & Tax
VAT and tax records that stand up to review
Profyn keeps VAT correct at the line level, links every figure to the document behind it, and gives your accountant a clean, complete set of records at period end.
What Profyn handles
- • 15% VAT applied per line on invoices, quotations, purchases and expenses.
- • Supplier and customer VAT numbers captured automatically by QuickSnap AI.
- • Output VAT and input VAT totals per period for VAT201 preparation.
- • Every entry linked to its source document in the Document Vault.
- • Append-only audit trail, so corrections are traceable rather than hidden.
- • Secure, time-limited share links for your accountant at period end.
Frequently asked questions
Does Profyn support VAT?
Yes. Profyn applies South African VAT at 15% on invoices, quotations, purchases and expenses, records supplier VAT numbers, and reports output and input VAT for the period so your VAT201 preparation is straightforward.
Have a VAT question specific to your business? Contact the Profyn team.