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                            Dear Accounting Colleagues,<br>
<br>
<span class="break-words"><span dir="ltr"><strong><span style="font-size:24px"><span style="color:#FF0000">CLARIFICATION OF THE SKY PBO RELEASE</span></span></strong><br>
I would like to clarify important points regarding our new tool,<strong> <span style="color:#FF0000">Sky PBO</span></strong>, 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.<br>
<br>
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:<br>
<br>
<strong>* For PBOs with fewer than 20 donors: </strong>The donation data can be directly entered into an e-Filing profile. This approach simplifies the process without the need for extensive software intervention.<br>
<strong>* For PBOs associated with accountants who use Accfin Sky: </strong>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.<br>
<strong>* For other PBOs:</strong> We recommend partnering with an accounting firm or registered &nbsp;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.<br>
<strong>* Accounting Systems:</strong> 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.<br>
<br>
<strong>Important Requirement for Accounting Firms:</strong><br>
<strong>Registration as a 3rd Party Data Provider:</strong> 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.<br>
<br>
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.<br>
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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.<br>
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Please see<span class="white-space-pre"> </span></span></span><strong><a href="https://accfinsoftware.us11.list-manage.com/track/click?u=80a67d143836c219c0468c36f&id=2be080ff8b&e=9384107559" target="_blank" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #6DC6DD;font-weight: normal;text-decoration: underline;">https://www.accfinsoftware.com/sky-pbo.html</a></strong><span class="break-words"><span dir="ltr"><span class="white-space-pre"> </span>for the spreadsheet and instructions to register on eFiling.</span></span><br>
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Best regards,<br>
Mark&nbsp;<br type="_moz">
<strong><span lang="EN-US" style="color:#336699; font-family:verdana,sans-serif; font-size:13.5pt; mso-ansi-language:EN-US; mso-bidi-font-family:&quot;Times New Roman&quot;; mso-bidi-language:AR-SA; mso-bidi-theme-font:minor-bidi; mso-fareast-font-family:&quot;Times New Roman&quot;; mso-fareast-language:EN-ZA; mso-fareast-theme-font:minor-fareast; mso-no-proof:yes">Mark Silberman B.Acc. C.A.(SA)</span></strong><br>
<span lang="EN-US" style="color:navy; font-family:verdana,sans-serif; font-size:11.0pt; mso-ansi-language:EN-US; mso-bidi-font-family:&quot;Times New Roman&quot;; mso-bidi-language:AR-SA; mso-bidi-theme-font:minor-bidi; mso-fareast-font-family:&quot;Times New Roman&quot;; mso-fareast-language:EN-ZA; mso-fareast-theme-font:minor-fareast; mso-no-proof:yes">Director of Accfin Software, Member of SAICA Tax Technology Committee,<br>
Chairman of Professional Company Secretarial Practitioners.</span><br>
&nbsp;
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mark@accfin.co.za<br>
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