Sales Tax Compliance | Financial Management
Exemption Certificates
When you do not charge tax on a sale and cannot produce a valid certificate for it, the state does not go after your customer. It assesses you, for tax you never collected, on a sale from years ago. Certificates are held against the customer with their expiry, and an exempt sale to a customer without one is flagged when the invoice is raised.
What it does
Inside Exemption Certificates.
Connect your books, free. Exempt sales are matched to the certificates covering them, and the uncovered value comes back as a number.
01
Certificate on the customer
02
Block at invoice
03
Expiry tracking
04
Multi-state coverage
05
Point-in-time evidence
06
Exposure view
Where it sits
Part of Sales Tax Compliance.
Audit Pack Source invoices, exemption certificates as they stood on the sale date, taxability decisions and sign-off, packaged per state and per period for a state audit. Economic Nexus Economic nexus tracked against every state as your sales happen. Filing Calendar Every sales tax obligation tracked per state and per entity at the frequency that state assigned, with a named owner and status rather than a shared reminder. Filing Returns Sales tax returns drafted per state from the invoices behind them. Marketplace Facilitator Sales a marketplace already taxed, reconciled to your books. Nexus Monitoring Registered, approaching and out of scope, per state, updated from your invoices. State Registration Where you are registered for sales tax, under which account number, from which date and at which filing frequency. Tax Engine Integration Keep Avalara or TaxJar for rate determination. The result posts back against the invoice, the customer and the period, so your books hold the evidence. Taxability and Sourcing Whether an item is taxable in a state, and which state the sale is sourced to, decided when the invoice is raised, with the rule applied recorded on the line. Use Tax Consumer use tax accrued when the bill is captured, not reconstructed at year end.
Run Exemption Certificates against your books.
A working session on your structure and a month of your documents.