Why reconcile bank, myDATA and ERP together?
Short answer
Because each one records the same month from a different side, and none of them is complete alone. The bank shows what moved. myDATA shows what was declared. The ERP shows what was booked. The differences between them are where errors and missed deductions hide.
Three records of one month
- The bank: money that actually arrived or left, whoever it was for.
- myDATA: the invoices and receipts transmitted to the tax authority, by you and by your suppliers.
- The ERP: the entries someone has posted to your books.
When all three describe the same transaction, the month is in order. When one of them is missing a piece, something needs a decision.
What a mismatch looks like
Why two out of three is not enough
Matching the bank to the books tells you every payment has an entry. It does not tell you the invoice behind it reached myDATA. Matching the books to myDATA tells you what was declared agrees with what was booked. It does not tell you the money moved. Each pair leaves one kind of error invisible, and it tends to surface at filing time, when it is most expensive to fix.
How TaxLayer does it
TaxLayer reads all three as they arrive. Every bank line is matched to its invoice or recorded with a reason. The books are compared with myDATA area by area: sales, purchases, payroll, VAT. Where they agree, nothing asks for your attention. Where they differ, you see the difference and what it is made of, down to the invoice.
What you get at the end
A month that is already reconciled when you open it, a short list of the items that need a decision, and one set of figures that the dashboards, the VAT position and the reports all draw from.