The Tax Management (TX) module provides organizations with centralized tax configuration, management, and reporting. Integrated with other financial modules allows you to collect tax information from all financial documents into one single repository and generate reports required for tax filing.
Configure Taxes the Way You Want
Support sales, use, withholding, VAT, and reverse VAT taxes. Specify multiple rates with different start and end date, and minimum and maximum tax amounts. Calculate on each line item or the entire document amount.
Integrate with Financial Modules
Calculate taxes automatically based on the tax zone assigned to the customer, employee, or vendor record, and the tax category assigned to inventory items. Make manual tax adjustments. Tax is posted to a GL tax liability account and to designated accounts in the tax accounting software. The Tax Management module is integrated with all Acumatica modules that require tax calculation.
Offset Automatically with Accounts Payable
Specify the frequency of tax reporting and generate tax reports. Automatically generate a bill in accounts payable with appropriate ledger postings.