Summary Listing of Sales and Purchases (SLSP)
PUBLISHED: June 30, 2021
WHO MUST FILE?
WHEN TO FILE SLSP?
BIR requires all VAT-registered taxpayers to submit the Summary Listing of Sales and Purchases (SLSP) on a quarterly basis not later than the 25th day after the end of each quarter.
Required Details for Summary Listing of Sales and Purchases (SLSP):
Summary List of Sales (SLS)
- BIR Registered Name of the Buyer
- TIN of the Buyer
- Nature of Sales
- Amount of Sales
- VAT Amount
- BIR Registered Name of the Supplier
- TIN of the Seller
- Nature of Purchase
- Amount of Purchase
- Creditable Input VAT and/or Non-creditable Input-VAT
Sample SLS and SLP report generated in the QNE Optimum Accounting System.
(Click to zoom images)
Generate Summary Listing of Sales and Purchases (SLSP) in the QNE System by following these steps:
- Filter the Date and Others
- Select format – Sales, Purchases, Importation, VAT Detail Listing, and VAT Summary
HOW TO FILE SLSP?
BIR provides a downloadable program wherein taxpayers can input the details mentioned above to verify the details. Encoding on the daily or weekly basis will be a help for the taxpayer to avoid pilling number of invoices or receipts. With an accounting system, taxpayers can automatically generate SLS and SLP reports in just a few clicks as the system captures all the data that is being encoded.
THE USE OF SLSP
When a seller declared a sale but the buyer did not declare the same as purchase, BIR will use the SLSP to recognize tax payers who will allegedly under declare taxes. All the data generated from Summary Listing of Sales and Purchases (SLSP) reports will be used by the bureau to match the sales and purchases from all the taxpayers who submitted the same requirements.
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