Automized Realization and Declaration
of Turnover Taxes
Simplify VAT Declaration Processes with SARA
The All-in-One Solution for SAP Systems Digitalization instead of manual processes
SARA is a tool that streamlines the process of creating, reviewing, approving, and submitting VAT declarations. It is an SAP add-on that integrates directly with your ERP system, whether it be SAP R/3 or SAP S/4 HANA. Using SARA can save you time and improves the accuracy of your VAT declarations.
The tool guides users through the creation of your VAT declarations:
- monthly VAT returns
- annual VAT returns
- special advance payments/permanent time extensions
- recapitulative statements
- creation of declaration data for other EU countries.
It handles tasks such as importing and verifying data, making accounting adjustments and reporting the tax declaration to tax authorities. SARA also includes a qualified VAT ID check for your business partner. As part of the support and maintenance bundle, SARA is always compatible with the latest SAP version, as well as up-to-date regarding changes to the declaration forms.
Automated data preparation
SARA significantly reduces the manual effort to cut down the preparation time of a VAT declaration. The automated process includes importing and organizing relevant data for declaration forms, conducting automatic plausibility checks and determining samples, and creating automatic correction postings. These steps ensure accurate and efficient VAT declarations.
Ensure Audit Proof Compliance with SARA
SARA helps you meet all compliance requirements and ensures that your VAT declarations are accurate and reliable. Audit proof documentation of corrections and integrated reporting facilitate the evaluation of adjustments at any time, and all declared amounts and postings remain traceable for years with SARA's comprehensive system.
SARA streamlines collaboration between tax and accounting by providing event-based email notifications and an audit trail of all process steps. This improves communication and efficiency, allowing teams to work more effectively together. Additionally, the platform simplifies the overall task management by facilitating task management and meeting deadlines.
Automated Data Preparation
SARA automatically imports all relevant financial data from the company codes of the SAP system. Furthermore, the SAP add-on offers the possibility of manual or semi-automated uploads of relevant reporting data from companies in other ERP systems. System-based plausibility checks systematically examine the underlying data for potential errors in the posting.
In the worklist, all adjustments are documented on document item level. As part of the checking process, SARA records all necessary adjustments. Rule-based, postings with a deviating VAT declaration period can be reassigned automatically. The workflow then provides support for the subsequent work steps.
After the document check has been completed, the determined VAT values can be transmitted to the tax authorities. To ensure optimal integration into the system landscape, several options are available for this process step: In addition to a dedicated SARA-ERiC interface, there is the option of using existing connections in SAP or also the XLS/CSV export for various third-party tools.
StepStream is an established, scalable solution with an extensive customer base - focussed on the insurance...Read more
The cloud-native integration platform with open-source frameworkRead more
Audit-proof leasing accounting in accordance with IFRS 16Read more
Payment transactions: integrated, automated, secure and fast!Read more
Increase the volume of deductible input taxRead more
IRMA – Provision Managemt for SAP-ERP
Process- and planning reliability for provisionsRead more
Frequently Asked Questions
about SAP-Add-on SARA