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“the easiest, most accurate and affordable way to calculate and report sales and use tax” for.

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Presentation on theme: "“the easiest, most accurate and affordable way to calculate and report sales and use tax” for."— Presentation transcript:

1 “the easiest, most accurate and affordable way to calculate and report sales and use tax” for

2 For as little as $100/month, the AvaTax ST service eliminates the complexity of sales and use tax. Within minutes, we integrate seamlessly with ACCPAC Advantage, reduce costs, increase efficiency, minimize audit risks, and give you peace of mind. AvaTax ST

3 Delivering a value added solution today that returns Best Practices in Sales and Use Tax management. Strong senior management with experience in: –High-end ERP –High volume e-Commerce –Security –SMB space –Headquartered in Bainbridge Island, WA. –Regional sales offices in CA, PA, MA, TX, MI, NY, GA and Canada Who is avalara

4 Not direct competitors since they do not focus on ACCPAC. Cost prohibitive for ACCPAC users. However, every business has some level of sales tax issue. The real competitor is: -Status quo, manual system. -Resistance to changing internal processes. - Perception of large cost/resources for implementation. A new solution for an old problem, much like how businesses use ADP and banks for payroll tax. Paradigm shift in delivery model. AvaTax ST is a service, NOT software. - Install once, and never worry again. - NO updates or maintenance required. Fraction of the cost of traditional software options.Marketspace

5 How to find the customer tax jurisdiction and rate Maintain boundary and rate changes for 8000+ jurisdictions, approximately 1000 changes each year Track and retain detail of every transaction, have the ability to report for remittances and audits Audit Exposure - lost productivity, fines and interests Use Tax Calculation - Use tax calculation and accrual is done manually, requires additional expertise and expense. End-user Pain Points Necessary to ensure Tax compliance !!!

6 Easy, accurate, and affordable AvaTax ST eliminates the complexity of sales and use tax in 5 ways… –Service vs. software –Seamless integration to ACCPAC Advantage –AutoAddress+ to identify correct jurisdiction/rate –AutoJurisdiction ensures the correct rate every detail line –Full statutory compliance for every transaction

7 Service Features –Professionally managed repository for addresses and taxes –Scalable pricing to fit your business –Always on, real-time access –Millisecond response time –Unlimited user and location licenses Benefits –Don’t need to dedicate an IT resource to implement –Let Avalara maintain the research, you don’t need an internal tax expert –Minutes to activate –No maintenance –Always on current version –No maintenance or upgrade fees

8 Integration Features –Integrates seamlessly with ACCPAC Advantage Customer file Vendor file Inventory file Line item detail –Both purchase and sales documents –No changes to internal process of ACCPAC All we are doing is populating address and tax rate fields Benefits –Transparent to the end-user –No training time –Non invasive –No risk to: Your data integrity Your accounting system –All work is done in ACCPAC

9 Seamless Integration Handles multiple ship-to locations

10 Seamless Integration Full sourcing rules integrated per line item

11 Seamless Integration Complete tax details per transaction

12 AutoAddress+ Features –Coding Accuracy Support System ( CASS ) - certified Zip+4 database Corrects Standardizes Validates –Up-to-date database –Service, not software –Millisecond response time –Identifies the correct jurisdiction and rate for every transaction Benefits –Best source of address data in the country –Ease of data entry –Decrease data entry time –Reduced shipping rates –Good lists for Marketing, IT, Shipping, Accounting –60-second service activation –No update process required

13 AutoAddress+

14 AutoJurisdiction Features –Works with AutoAddress+ to return correct jurisdiction and rate for each transaction –Automatic rate research and validation on every line item of every transaction –Eliminates all tax authorities and codes Benefits –NEVER Research or maintain a tax rate again Create or maintain tax authorities and codes again Make a mistake Make a rate decision again –Collect correct amounts –Reduced audit risk, cost and improved internal control –Provides best practices in sales and use tax compliance

15 One Tax Group Five Tax Authorities NEVER research or maintain a rate againAutoJurisdiction

16 AutoJurisdiction

17 Sales Tax Features –Covers 8000+ jurisdictions in North America –Nexus management –Consider all sourcing rules in every line item Point of Origin Point of Destination Point of Acceptance –Handles exceptions, exemptions Customers Products –Calculates Taxability based on all of the above Benefits –NEVER make a mistake –ensure you are charging the correct amounts –Decreased data entry time –Reduced audit risk –Full compliance for statutory sourcing requirements –Improved internal control –Provides best practices in sales and use tax compliance

18 Use Tax Features –Automatically calculates use tax based on jurisdiction –Handles single/multi locations, Centralized Purchasing –Handles home rule/self- administered states –Creates use tax accrual and allocates to appropriate purchasing accounts Benefits –NEVER make a mistake –Ensure you are paying the correct amounts –Decreased data entry time Throw away your calculator –Reduced audit risk –Full compliance for statutory sourcing requirements –Improved internal control –Provides best practices in sales and use tax compliance

19 Reports Features –All data available online –Secure online access –Line item details –Taxable and non-taxable items –Reason codes –Location codes –Revenue/cost account reconciliation –Export in standard data format (.csv) –Consolidate data on multiple companies Benefits –Ease of filing –Reduced audit risk –Reduction of audit time and effort –Monthly remittance reports in minutes –Allows management to enforce internal controls (Sarbanes-Oxley) –Provides best practices in sales and use tax compliance

20 Reports

21 Reports

22 Reports

23 How to find the customer tax jurisdiction and rate Maintain boundary and rate changes for 8000+ jurisdictions, approximately 1000 changes each year Track and retain detail of every transaction, have the ability to report for remittances and audits Audit Exposure - lost productivity, fines and interests Use Tax Calculation - Use tax calculation and accrual is done manually, requires additional expertise and expense. End-user Pain Points AutoAddress+ Real-time address validation with Zip + 4 EXACT rate for every tax calculation Auto-Jurisdiction ELIMINATES ALL WORK associated with maintaining Tax Groups and Authorities. ACCURATE – because we have identified the exact jurisdiction and rate for every transaction, a complete transaction history is available for reporting. Reduced audit risks due to detailed audit trail and accuracy Automated use tax calculation and processing, full compliance on both sales and use tax. AvaTax ST

24 Audit Lottery Where businesses are today... …and where you should be.

25 AvaTax ST Version 1.0 –Integrates with Advantage Series Order Entry –V5.2A, 5.0, Windows 2000 Order Entry OE Shipment Invoicing Credit / Debit Memos AR Customer Batch Validation AR Customer Address Validation ( Includes Ship to ) AR Customer Tax Groups –Automatically creates Tax Authorities for all 5 jurisdictions Touchpoints

26 AvaTax ST Version 2.0 - available Jan 05 –Accounts Receivable Invoice Entry A/R Items Ship-to Recurring Charges –Accounts Payable Vendor Vendor Groups Recurring Pay –Purchase Order Order Entry Order Receipt Invoice Entry Return entry Credit/Debit Touchpoints

27 Pricing

28 www.avalara.com 877 780 4848 info@avalara.com Requires Internet connection


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