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 		 Dear Accounting Colleagues,

CLARIFICATION OF THE SKY PBO RELEASE
I would like to clarify important points regarding our new tool, SKY
PBO, which may not have been fully clear in our previous
communication. Sky PBO is a complimentary add-on to our existing Sky
Software suite, specifically designed to aid Public Benefit
Organizations (PBOs) in managing donations and generating S18A
certificates, and uploading the data to SARS. Many PBOs have asked
their accountants for help.

Given that processing PBO donations is typically an annual task that
varies depending on the number of donors, we have tailored our
offering to maximize efficiency and cost-effectiveness:

* FOR PBOS WITH FEWER THAN 20 DONORS: The donation data can be
directly entered into an e-Filing profile. This approach simplifies
the process without the need for extensive software intervention.
* FOR PBOS ASSOCIATED WITH ACCOUNTANTS WHO USE ACCFIN SKY: We
encourage these organisations to utilise their accountant's
capabilities to manage their donation data through Sky PBO. This
ensures seamless integration and use of familiar tools. The accounting
firm must register on their e-Filing profile as a registered 3rd Party
Data Provider.
* FOR OTHER PBOS: We recommend partnering with an accounting firm or
registered  service provider who can manage this process on their
behalf. We are happy to recommend service providers that specialise in
this area and who will ensure compliance and ease of data handling.
* ACCOUNTING SYSTEMS: Additionally, we are committed to supporting all
accounting system providers with the spreadsheet required by SARS for
uploading. They will need to ensure that their systems export the
correct information into the spreadsheet. It is a straightforward
export of donor details and receipt data directly from their
accounting systems into the required format spreadsheet which can then
be uploaded into Sky PBO. Sky PBO verifies the data, consolidates
receipts, produces the certificates, and when correct produces the
file in order to upload the data file to SARS.

IMPORTANT REQUIREMENT FOR ACCOUNTING FIRMS:
REGISTRATION AS A 3RD PARTY DATA PROVIDER: Any accounting firm
intending to manage the donation processing for PBOs through Sky PBO
must register their e-Filing profile as a 3rd party data provider.
This registration is essential for handling IT3 (T and D) effectively
and is a requirement by SARS for firms performing these services.

Our aim is to ensure that every PBO, regardless of their specific
circumstances or the tools they currently use, has access to an
efficient, secure, and compliant way to manage their donation data. By
providing Sky PBO free of charge to Sky Users and offering guidance on
its optimal use, we hope to alleviate some of the administrative
burdens faced by these vital organizations.

For more detailed information or to discuss how Sky PBO can be
implemented within your existing systems, please do not hesitate to
reach out to our support team.

Please see HTTPS://WWW.ACCFINSOFTWARE.COM/SKY-PBO.HTML
[https://accfinsoftware.us11.list-manage.com/track/click?u=80a67d143836c219c0468c36f&id=2be080ff8b&e=9384107559]
for the spreadsheet and instructions to register on eFiling.

Best regards,
Mark 
MARK SILBERMAN B.ACC. C.A.(SA)
Director of Accfin Software, Member of SAICA Tax Technology Committee,
Chairman of Professional Company Secretarial Practitioners.
  

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OUR MAILING ADDRESS IS:
mark@accfin.co.za

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