Managing Transactions
CoralLedger Comply makes it easy to import, review VAT categories, and manage your business transactions for VAT compliance.
Transaction Sources
You can import transactions from multiple sources:
- CSV Upload - Import from any accounting system with header-driven column mapping (manual override available)
- Excel Files - Direct .xlsx import with column-detection assistance
- Manual Entry - Enter individual transactions directly
Key Features
VAT Categorization Guidance
Our categorization guidance suggests VAT categories based on:
- Product/service descriptions
- Vendor information
- Historical patterns
- 30+ Bahamas-specific VAT categories
Import Validation
Real-time validation during import:
- VAT compliance checking
- Duplicate detection (SHA-256 + fuzzy matching)
- Category suggestions for your review
- Error and warning panels
Bulk Operations
- Edit multiple transactions at once
- Bulk category assignment
- Bulk delete with compliance protection
- Mass corrections
Per-Transaction Management
- Edit - Modify any transaction details
- Delete - Remove transactions (with compliance protection)
- Recategorize - Change VAT category assignments
Compliance Protection
Transactions included in filed VAT returns cannot be deleted. Use amendments for corrections to filed periods.
Audit Trail
Every transaction maintains a complete history of:
- Original import data
- Category changes
- User modifications
- 7-year retention per Value Added Tax Act, 2014, s. 50