AI accounting and VAT automation software records your transactions, reconciles your bank, calculates VAT and prepares your SARS returns with minimal manual work. Wonder Accounts generates double-entry journals from your sales and purchases, codes each transaction to the correct general ledger account and VAT category, and assembles your VAT201 return from live data. It applies the standard 15% VAT rate, treats zero-rated and exempt supplies correctly, calculates input tax apportionment for mixed-supply vendors, and excludes input VAT that is blocked by law, such as on entertainment and passenger vehicles. SARS assigns a tax period category: bi-monthly Category A or B for most vendors, monthly Category C for taxable supplies above R30 million, and six-monthly Category D for farming enterprises and qualifying micro businesses. The compulsory VAT registration threshold rose to R2.3 million on 1 April 2026, with voluntary registration from R120,000. Late payment of VAT can attract a 10% penalty before interest, and an understatement can attract an understatement penalty of between 10% and 200% of the shortfall. The Starter plan is free to start with no credit card required.
Wonder Accounts is an AI-powered business management platform built for South African SMEs and entrepreneurs. Our platform integrates accounting, automated bookkeeping, SARS-compliant VAT reporting, invoicing, business planning, AI strategy, and growth tools into one seamless experience. Whether you are a startup founder, small business owner, accountant, or freelancer, Wonder Accounts provides the intelligent automation and local compliance you need to succeed in South Africa.