Sales Tax Compliance | Financial Management
Marketplace Facilitator
When a marketplace collects and remits on your behalf, those sales still hit your books and still belong on your return, generally reported and then deducted rather than omitted. Settlement files are reconciled against your revenue so the two agree before anything is filed, and so facilitated sales are counted separately where nexus is concerned.
What it does
Inside Marketplace Facilitator.
Connect your books, free. Settlement files are split into sales, fees and tax, and matched against the revenue in your ledger.
01
Settlement import
02
Revenue reconciliation
03
Facilitated split
04
Return treatment
05
Fee and refund handling
06
Multi-channel 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. Exemption Certificates Exemption and resale certificates held against the customer with their expiry. 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. 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 Marketplace Facilitator against your books.
A working session on your structure and a month of your documents.