Every client's compliance status. At a glance. Always current.
CoralLedger Comply gives independent VAT consultants real-time compliance scoring and triangulation risk detection — so you can advise with precision without being tied to a single accounting firm.
The Challenges Independent Advisors Face
You advise multiple clients independently — but the tools available were built for large firms or single businesses. Not for consultants who need to move fast across a varied portfolio.
No Portfolio-Level View
Jumping between spreadsheets and client portals makes it hard to see which clients are at risk right now.
Missed Compliance Gaps
Without automated monitoring, errors in apportionment or missed filings can go unnoticed until an audit surfaces them.
Weak Audit Documentation
Defending a client in a VAT audit requires detailed records you may not have easy access to if the client manages their own books.
No Firm Affiliation Required for Platform Access
Independent advisors can use CoralLedger Comply to prepare returns, reconcile transactions, and produce audit packages for any Bahamian business. Acting as the §32 authorised signatory requires BICA licensing — see the Section 32 Attestation Pathway for full details. Non-BICA advisors retain full platform access; the BICA requirement applies only at the signing step, where the client's authorised officer executes the attestation.
Sole Practitioners
Run your own advisory practice without needing firm sponsorship. Your client roster, your dashboard, your brand.
Advisory Associates
Consultants who advise businesses independently can access the same multi-client tools used by full accounting firms.
Specialist Advisors
Industry specialists and sector-focused VAT consultants are treated as first-class users — not as an afterthought to the firm tier.
Built for Advisory Work
From compliance scoring to audit defense, CoralLedger Comply gives you the tools to deliver high-value advice without adding complexity to your workflow.
Compliance Scoring Dashboard
A+ to F health grades for every client. Spot filing gaps, apportionment errors, and deadline risks at a glance — before they become penalties.
Audit Defense Tools
One-click export of transaction-level detail and rate classifications — everything needed to defend any VAT return.
Full Client Visibility
All advisory clients in one dashboard with upcoming deadlines, compliance trends, and outstanding items clearly surfaced.
Apportionment Workings Coming Soon
Full breakdown of taxable vs. exempt supplies per period with the deductible fraction — calculated and documented for practitioner review.
Triangulation Risk Dashboard
Real-time gap detection between declared VAT and import/sales transactions, with AUDIT_RISK / RECONCILED status, variance-reconciliation workflow, and pre-audit defense report (legal basis cited for each discrepancy).
Deadline Aggregation
All VAT filing deadlines across your advisory portfolio surface in a single calendar view. Filter by status and set automated reminders per client.
Input Tax Apportionment — How It Works
For clients who make both taxable and exempt supplies, CoralLedger Comply will calculate the deductible fraction using the standard taxable/exempt supply ratio method. This feature is in development and is planned for a future release.
Calculation Method
Each period, CoralLedger Comply will compute the deductible fraction as:
This fraction will then be applied to Input VAT on costs that cannot be directly attributed to either taxable or exempt activities (residual Input Tax). The resulting claimable amount will be included in the VAT return with full workings.
- Recalculated every period — ratio is not carried forward from prior months
- Directly attributed Input VAT will be excluded from the residual pool and claimed in full
- Full workings — period supplies, residual pool, deductible fraction, claimable amount — will be available for export with every return
- Methodology follows Department of Inland Revenue (DIR) guidance on Input Tax Apportionment under the VAT Act 2014
The exported apportionment schedule will be formatted to match what DIR auditors expect — no reformatting required for an audit response.
Triangulation Risk Dashboard — What It Detects
The dashboard continuously checks declared VAT against import and sales transactions, then drives a full variance-reconciliation workflow with AUDIT_RISK / RECONCILED statuses and a pre-audit defense report that cites legal basis for each discrepancy.
Declared-vs-Derived Output VAT Mismatch
The dashboard compares declared Output VAT against transaction-derived Output VAT and
flags variances in real time. High-confidence mismatches move the period into
AUDIT_RISK
until reconciliation evidence is recorded.
Turnover-vs-Imports Gap Detection
CoralLedger Comply monitors whether import activity is proportionate to declared turnover. Where import values and sales values diverge materially, the dashboard opens a variance-reconciliation task so practitioners can document the legal basis for the discrepancy before filing.
AUDIT_RISK to RECONCILED Workflow
Every flagged variance is tracked from detection through practitioner review. Status
remains
AUDIT_RISK
until supporting evidence is attached; once reconciled, the period is marked
RECONCILED
with an immutable timestamp.
Pre-Audit Defense Report
Before filing, practitioners can export a pre-audit defense report for every open or resolved variance. Each entry cites the legal basis recorded for the discrepancy, supporting evidence links, and who approved the reconciliation.
Every variance includes triggering values, recommended reconciliation steps, and linked evidence — so advisory review is fast, traceable, and audit-ready.
Manual review carve-outs
Two supply types require a manual review step before a return can be attested with confidence. CoralLedger Comply flags both so they are never overlooked:
Complex-supply clients are onboarded through the same §32 attestation pathway: assign the practitioner of record, activate attestation, then prefill becomes available only when both are active. This includes construction contracts with retention, retainer-billed law firms, SaaS subscription businesses, and certain real estate-adjacent operations.
- Real estate deposits — Deposits received before a rate-change date may span two different VAT periods and rates. CoralLedger Comply flags these deposits for manual review. The practitioner must determine the correct time-of-supply rule before attesting.
- Rate-spanning continuous supplies — A continuous supply that straddles a rate-change date (e.g. a retainer contract that began before April 1, 2026) requires apportionment workings. Comply calculates the apportionment, but the practitioner must verify the contract start date and confirm the split before signing.
Which Tier is Right for Advisors?
Independent VAT advisors managing multiple clients use the Accounting Firm tier — it's built for anyone who advises more than one business, regardless of firm affiliation.
Accounting Firm Tier
Covers accounting firms and independent advisory practices
- Up to 25 advisory client businesses
- Multi-Client Dashboard with compliance scoring
- Triangulation Risk Dashboard with VAT/import-sales gap detection
- Audit Defense Package for every client
- Deadline aggregation across your portfolio
- No BICA license required for platform access
- Input Tax Apportionment per period Coming Soon
No credit card required during beta.
Give Every Client the Compliance Edge
Join free during open beta with full access. No credit card, no firm affiliation required.