Getting Started
Configure your company details, tax information, and preferences
Setting Up Your Business Profile
Configure your company details to ensure accurate tax calculations and SARS-compliant reporting.
Overview
Your business profile contains essential information that ProcessX uses to:
- Calculate your tax obligations correctly
- Generate compliant reports for SARS
- Customize your dashboard and reports
- Enable VAT calculations if you're VAT registered
Accessing Business Settings
Required Information
Business Details
| Field | Description | Example |
| Business Name | Your registered business name | "ABC Consulting (Pty) Ltd" |
| Trading Name | Name you trade under (if different) | "ABC Consulting" |
| Business Type | Sole proprietor, Company, CC, etc. | "Sole Proprietor" |
| Industry | Your primary business sector | "Professional Services" |
| Field | Description | Notes |
| Income Tax Number | Your SARS income tax reference | Optional but recommended |
| VAT Number | Your VAT registration number | Required if VAT registered |
| Tax Year End | Your financial year end date | Usually February for individuals |
Contact Details
- Physical Address: Your business address
- Postal Address: Where you receive mail
- Phone Number: Business contact number
- Email: Business email address
VAT Registration
If you're VAT registered (turnover exceeds R1 million annually or you've voluntarily registered):
Multiple Companies
With the Business or Enterprise plan, you can manage multiple companies:
Best Practices
- Keep information current: Update your profile whenever business details change
- Verify tax numbers: Double-check your tax and VAT numbers for accuracy
- Complete all fields: More complete profiles generate more accurate reports
Related Articles
Last updated: March 2025
Topics covered:
company setupbusiness profiletax numberVAT registration