Sovos Wiki
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GST Compliance Solution
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- GSTR 9 Structural and Business Rules
- ITC 04 Structural and Business Rules
- GSTR 8 Structural and Business Rules
- GSTR 7 Structural and Business Rules
- GSTR 6 Structural and Business Rules
- GSTR 3B Structural and Business Rules
- GSTR 2 Structural and Business Rules
- GSTR 1 Structural and Business Rules
- Validation Rules of Sovos GST Compliance Solution
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- Group Level Reports
- PAN level report for 2A (B2BA and CDNA)
- (Group Level) List of common invoices in Supplier Only and Purchaser Only across the group, includes across taxpayer GSTIN, across financial year and across regular and amendment section
- List of Invoices in Supplier Only and Purchaser Only across the group
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- GSTIN Level Reports
- List of invoices which have been uploaded by taxpayer in the filing period which is earlier than supplier filing period
- (GSTIN Level ) List of common invoices in Supplier Only and Purchaser Only across the group, includes across taxpayer GSTIN, across financial year and across regular and amendment section
- GSTIN Level List of invoices present in one financial year which belong to previous financial year as per invoice date
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- Value added Facility – Filter Facility
- Value added Facility – Send single and bulk Mail to Vendors
- Net Vendor Summary
- Post Action Summary
- Original Supplier Only Amended
- Manual PO SO Movement
- Purchaser Only
- Supplier Only
- Invoice Reconciliation Results
- Reconciliation Summary and Category wise Vendor Summary
- Snapshot of Recon Results
- Probable invoice number match concept
- Introduction to Recon Results
- 2P Summary
- Deemed Match
- Mismatched Invoices
- Matched invoices
- Show Remaining Articles (2) Collapse Articles
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E-invoicing Solution
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E-way Bill Solution
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Taxpayer APIs
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Garnet
Introduction to Advanced Reconciliation
Advanced Reconciliation
Smart reconciliation is auto-triggered reconciliation and results will get bifurcated between Matched/Value Mismatch/Invoice Mismatch/Purchaser Only / Supplier Only.
In this results, there remains some invoices in purchaser only and supplier only categories which are actually comparable but their invoice numbers are not matching. In order to bring these invoices at comparable level, advanced reconciliation is being introduced.
The user will get an option to run advance reconciliation on comparable invoices which are left in Supplier only and Purchaser only categories.
So “Advance Reconciliation” will be manually triggered by the user.
You will get the option of advance reconciliation under the Reconciliation module:
There are two sets of Advanced Reconciliation rule:
1. Analyse Missing Invoices – These rules will run on invoices which left in supplier only and purchaser only category.
2. Analyse Mismatched Invoices – These rules will run on invoices which are in Value Mismatch and Invoice Mismatch category.
Brief Summarized Points
So in brief advance reconciliation is manually triggered and gets applied as per rule selected by the user.
The user will have to select which all logic he wants to run in advanced reconciliation.