Sales Tax Compliance | Financial Management
Use Tax
An out-of-state vendor with no obligation in your state does not charge you tax. The purchase is still taxable, and the liability moves to you as use tax you accrue and report. Bills are screened when they are captured, so the accrual builds through the period instead of being reconstructed from a year of invoices in the week before a filing.
What it does
Inside Use Tax.
Connect your books, free. Bills with no tax charged are screened against your states, and the accrual is built from the ones that qualify.
01
Screen at capture
02
Accrue
03
Ship-to sourcing
04
Partial tax handling
05
Fixed asset purchases
06
Return feed
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. 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.
Run Use Tax against your books.
A working session on your structure and a month of your documents.