Which fields to compare with the document
- The merchant or issuer printed on the receipt
- The transaction date
- The final amount paid, not a subtotal or cash tendered value
- The VAT amount only when it is explicitly shown
- The currency, especially when several currencies appear
Why VAT always needs a review step
Small print, faded thermal paper, several totals and mixed Hebrew or English labels can cause recognition errors. Compare the stored total and VAT with the visible document before saving or exporting. If VAT is not clearly printed, do not infer it from the total inside Reece.
Prepare information without making a tax decision
Organized receipt data can reduce manual preparation for a conversation with an accountant. It does not establish that input VAT can be deducted, that a document meets a statutory requirement or that an expense is recognized for tax. Keep the original and ask a qualified professional how the document should be treated.
Questions people ask
Can Reece recognize VAT on an Israeli receipt?
Reece can capture a VAT amount when it is legible on the document. Always compare it with the original.
Does Reece calculate deductible VAT?
No. Reece records visible information and does not decide whether or how VAT may be deducted.
Can I export VAT with my expenses?
Yes. VAT and related expense fields can be included in PDF, Excel and CSV exports for the selected period.