Sage MAS 90 and 200 Core Accounting

Sales Tax

  • Automatic payment selection
  • Divisional payables and multiple bank accounts
  • Cash requirements forecasting
  • Use tax and freight allocation
  • Automatic clearing with Accounts Receivable
  • Electronic 1099 filing with Electronic Reporting module

For companies doing business in multiple jurisdictions, 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.





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