Sales Tax Compliance | Financial Management
Taxability and Sourcing
Is this item taxable in that state, and which state does the sale belong to. States disagree on the first, most sharply on software and services, and the second turns on where the customer receives what they bought. Both are decided when the invoice is raised, and the rule that was applied is recorded against the line.
What it does
Inside Taxability and Sourcing.
Connect your books, free. Each line carries the position applied and the state it was sourced to, so you can filter rather than reconstruct.
01
Taxability on the item
02
Sourcing
03
Bundled lines
04
Decision record
05
Rate lookup
06
Shipping and handling
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. 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. Use Tax Consumer use tax accrued when the bill is captured, not reconstructed at year end.
Run Taxability and Sourcing against your books.
A working session on your structure and a month of your documents.