Automating a Sales Tax Solution eCommerce Accounting Business Accounting Software | AccountingSuite™

Automating a Sales Tax Solution

Navigating sales tax is a necessity for nearly every American retailer. Only five states don’t have a sales tax, so unless you’re doing business exclusively within their borders, you need to calculate sales tax on every purchase. Keeping track of sales by state, tax per state, and how much you owe each state and when is complex and time consuming. Luckily, there’s a solution that makes monitoring sales tax an automated process for AccountingSuite users. It’s called Avalara AvaTax and it’s a powerful tool to save you time, money, and hassle.

There are two main reasons why sales tax compliance is a more fraught issue now than it ever has been. First, retailers sell more goods online. In a multi-channel retailing environment, businesses are actively courting customers from all across the country. Second, in the 2018 decision South Dakota vs. Wayfair, the Supreme Court ruled that businesses can be charged sales tax by a state even if the business has no physical presence in the state. Failing to make accurate, timely payments can result in fines and penalties. If you don’t want to spend countless hours getting yourself in compliance, now is the perfect time to pair Avalara AvaTax with AccountingSuite. Here are a few reasons why.

Ease of integration

Connecting your AccountingSuite data to AvaTax couldn’t be simpler. A pre-built pathway links one account to another, allowing AvaTax to pull all the relevant information that allows you to get started right away. Think of it like introducing two people at a party who get along swimmingly. All you have to do is get them together, and they’ll get talking. Once connected, AvaTax will automatically stay updated with the latest transactions. It’s a seamless, continuous form of integration with no strings attached.

Clarity for businesses and their customers

If you’ve ever tried to ship a piece of furniture, you know that the cost of an item isn’t always the total cost. (There’s even an entire Reddit thread devoted to the mysteries of IKEA’s shipping prices.) Nobody wants to be taken by surprise with extra fees and charges right before the point of purchase. With AvaTax, customers see the taxes in their shopping cart in real time, giving them a straightforward experience. Business owners also get to see their side of the equation, with accurate, up-to-date reports that maintain a complete transaction history. No more keeping 45 different folders of receipts from each state with sales tax.

Filing made easy

Not only does AvaTax record and keep track of all of a company’s sales tax information; it also allows them to go from calculation to filing in one fell swoop. Preparing returns for each state is just a matter of pulling the records from the Avalara account and inputting that information into the return. If you want to make the process even more hands-off than that, you can add Avalara Returns, which will prepare and file returns automatically on behalf of a business. All the business owner needs to do is verify the return and sign off on it. The company also offers a suite of additional solutions that can help automate other tax processes for businesses with particular needs.

AccountingSuite gets even better for retailers

With best-in-class inventory management and a focus on what it takes to succeed in today’s retail environment, AccountingSuite has always been an excellent accounting software for retailers of all shapes and sizes. Integrating with AvaTax only improves the ease of use for business owners and their accounting professionals. We’re proud to offer integration with these excellent sales tax solutions.

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