DashboardIncome Statement & Balance SheetCompany InfoDRAFTDRAFT Balance SheetDRAFT Cash FlowDRAFT NotesAdjustment JournalJ1 — Tax ScheduleJ — Tax ComputationM1 — VAT 201N2 — Salary ScheduleC — Asset ScheduleB — Loan ScheduleB5 — Instalment PurchasesH — Cash ResourcesG — Debtors Schedule
PRODISIZE
J
SCHEDULE TAX
Net profit before tax flows from the Tax Schedule (J1). Add-back amounts flow from the Trial Balance. Edit any value below.
TAX COMPUTATION (PER INCOME STATEMENT)
Description
%
2026
2025
NET PROFIT BEFORE TAX
199,940.47
410,569.43
Add back:
WEAR & TEAR (Depreciation)
LEGAL FEES & FINES
DONATIONS
ASSESSED LOSS B/F
TAXABLE INCOME FOR THE YEAR
201,140.47
410,569.43
SA TAXATION @ 27%
54,306.93
114,958.44
CURRENT SITUATION
TAX LIABILITY
54,306.93
114,958.44
PROVISIONAL TAX 1ST PERIOD
PROVISIONAL TAX 2ND PERIOD
PROVISIONAL TAX 3RD PERIOD (if applicable)
STC
ESTIMATED TAX PAYABLE / (REFUNDABLE)
(13,193.07)
114,958.44
RECOMMENDED JOURNAL
BUFFER (TAX LIAB MUST EXCEED PROV TAX BY)
TAX LIABILITY (PER COMPUTATION)
54,306.93
114,958.44
TOTAL PROVISIONAL TAX PAID (1ST + 2ND)
67,500.00
-
TARGET TAX LIABILITY (PROV + BUFFER)
68,000.00
500.00
DIFFERENCE (LIABILITY LESS TARGET)
(13,693.07)
114,458.44
JOURNAL AMOUNT (DIFFERENCE ÷ 27%)
50,715.09
423,920.15
RECOMMENDED ENTRY
Dr Inventory (BS) / Cr Closing Stock (IS)
Dr Closing Stock (IS) / Cr Inventory (BS)

Journal value = |tax liability − (provisional paid + buffer)| ÷ 27%.

If tax liability is below provisional + buffer (need more tax): Dr Inventory / Cr Closing Stock — increases closing stock, lowers COGS, raises profit & tax.

If tax liability exceeds provisional by more than R500: Dr Closing Stock / Cr Inventory — reduces closing stock, raises COGS, lowers profit & tax back toward the target.