Return Preview & Validation
Before submitting your VAT return, CoralLedger Comply performs comprehensive validation to catch errors and ensure compliance.
Accessing Return Preview
- Go to VAT Returns
- Select the period you want to file
- Click Preview Return
Preview Summary
The preview displays:
Period Information
- Filing period (e.g., Q3 2024)
- Period start and end dates
- Filing deadline
VAT Totals
- Output VAT - VAT collected on sales
- Input VAT - VAT paid on purchases
- Net VAT - Amount payable or refundable
- Transaction Count - Number of transactions included
10-Point Validation
CoralLedger performs 10 validation checks before you can file:
Blocking Validations (Must Fix)
| Check | What It Validates |
|---|---|
| Transaction Processing | All transactions are fully processed |
| Missing VAT Rates | Every transaction has a VAT rate assigned |
| Required Fields | All mandatory fields are complete |
Warning Validations (Review Recommended)
| Check | What It Validates |
|---|---|
| VAT Calculation Accuracy | Calculations match expected totals |
| Filing Deadline | Return is being filed on time |
| Duplicate Detection | No duplicate transactions found |
| Category Classifications | Categories are consistent |
| Minimum Transaction Count | Period has sufficient transactions |
| April 2026 Compliance | Meets upcoming regulatory changes |
| Box Balance Verification | Return boxes balance correctly |
Validation Results
Each check displays a status:
- Pass (Green) - Validation successful
- Warning (Yellow) - Review recommended but not blocking
- Error (Red) - Must be resolved before filing
Resolving Validation Issues
Transaction Processing Errors
- Navigate to the flagged transactions
- Complete any missing data
- Re-run the preview
Missing VAT Rates
- Go to Transactions
- Filter by "Uncategorized"
- Assign appropriate VAT categories
- Return to preview
Duplicate Transactions
- Review the flagged duplicates
- Delete true duplicates or mark as intentional
- Re-run validation
After Validation
Once all blocking validations pass:
- Review the return summary
- Click Proceed to Filing
- Follow the submission workflow
Best Practices
- Preview weekly during the period to catch issues early
- Address warnings even if not blocking
- Keep records of validation results for audit purposes