We are pleased to announce the addition of the consolidated tax return report to the consolidated reports in Qoyod: a single report that brings together the VAT data of more than one business, instead of reviewing each business separately.
Before this report, a business running more than one Qoyod subscription had to pull its tax data for each subscription on its own, then add the figures together by hand in an external file before reviewing them. That consumed the finance team’s time every tax cycle, opened the door to copy and addition errors, and delayed the review of the numbers ahead of the filing date.
Where to find it
Open the Reports page from the side menu, then choose the consolidated tax return report under the consolidated reports section.
How it works
Inside the report, select the businesses whose data you want to combine, at least two of them, then choose the period you need. Qoyod aggregates the tax data of the selected businesses automatically and presents it in one unified, organised report.
What the report shows
The report shows sales, purchases, VAT, and the data tied to the tax return for the selected businesses, gathered in one place. There is no need to collect the data manually from each business, and no need to move between multiple reports.
Export options
Export the report as PDF or Excel to share it with management or your external accountant, or to run further analysis on it.
What makes it useful
- Less time spent preparing and reviewing tax data each cycle.
- One report to review the tax data of every selected business.
- Fewer errors from manual consolidation in external spreadsheets.
- A single view of the tax position at group level.
Who it is for
Businesses running more than one Qoyod subscription under a single legal entity, multi-branch businesses that review their tax figures at group level, and finance teams responsible for preparing the tax return for more than one business inside the same entity.
Requirements
- Two or more Qoyod subscriptions, all belonging to the same legal entity.
- The Advanced plan: consolidated reports are exclusive to this plan and are not available on Basic or Pro.
- Reports viewing permission on the account.
The report is an aggregation and review tool inside Qoyod. It does not replace filing the tax return through the Zakat, Tax and Customs Authority portal.