For companies doing business in multiple jurisdiction, sales
tax compliance is a complex nightmare. For protection
against the consequences of non-compliance, large
corporations with IT and tax departments deploy expensive
software systems. The alternative—manually researching and
maintaining rates—is the worst-case scenario in terms of
audit risk. But what happens when your business can't afford
or staff for such IT-intense enterprise software systems?
Sage MAS Sales Tax, Powered by AvaTax makes automation for
any business simple. This hosted, Web-based solution
automatically performs address validation, sales tax
jurisdiction research, and rate calculation—all on the fly
within your accounting application, with no change to your
existing workflow. Fully detailed reports are always at your
fingertips and returns are automatically pre-populated and
generated. Sales Tax takes just minutes to download and
install. Set up nexus and taxability, and begin accessing
this professionally maintained tax engine over a secure
internet connection to apply address, jurisdiction, and rate
information to every transaction—within the same order-entry
or customer set-up screen you've always used.
With Sales Tax you get the big-business protection of sales
tax automation without breaking your budget, straining your
internal resources, or compromising on functionality. The
cost benefits of streamlining order-entry and remittance
processes—and your peace of mind—could make this module the
best technology investment your business makes this year.
Comprehensive, Accurate Calculation
A correct sales tax calculation starts with identification
of all applicable taxing jurisdictions to a street address.
For every calculation, Sales Tax performs address
verification, and then locates the exact street address
within a jurisdiction using a geo-coding mapping system. The
calculation is made, referring to pre-set user
configurations including nexus, tax jurisdictional issues,
exception processing, product taxability rules, sourcing
rules, split rates, and maximum tax. All of this happens
transparently in the background, automatically updating your
accounting application.
Automated Reporting and Returns Generation
Easily-accessible user interface and reporting platform
provides detailed, summary, and exception reports to exceed
statutory tax return requirements. Views and drill-downs
encompass customer/invoice, product, reason for exemptions,
jurisdictional information, and a detailed breakout of rates
and taxes by jurisdiction. An incorporated returns platform
provides sophisticated selection of required forms,
pre-population of tax data for a specified filing period,
and intelligent calculations within the form. A revision
/approval process is included, permitting Sales Tax to
maintain records of adjustments.
Sage MAS 500 Sales Tax Highlights:
- Reduce audit risk
- Automate sales tax calculation, reporting and returns
- Real-time Address Verification
- Receive completely accurate sales tax charts
- Simplify your work with the instant online tax calculator
- Seamless integration with your Sage MAS ERP solution
- Eliminate the need for manually selecting or
assigning a schedule or detail
- Set best practices in sales and use tax compliance
Download the spec sheet for more information on module
features and reports.
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