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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://accfinsoftware.us11.list-manage.com/track/click?u=80a67d143836c219c0468c36f&id=787ba056fc&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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