Sales tax compliance is a complex and dynamic challenge for any business. You must keep track of changing tax rates, rules, and jurisdictions across multiple states and countries. You also need to ensure that your accounting system can handle the tax calculations and reporting requirements. That's why many businesses choose to integrate Sage Intacct with Avalara, two leading cloud-based solutions for sales tax automation and financial management.
Sage Intacct & Avalara Integration can help you streamline your business processes, reduce your tax risk, and save time and money.
In this article, we will explain Sage Intacct & Avalara Integration for Sales Tax and what benefits you can expect from this integration.
Benefits of Avalara and Sage Intacct Integration
By integrating Avalara with Sage Intacct, you can enjoy the following benefits:
- Accurate Tax Rates: Avalara updates tax rates and rules daily, ensuring that you always charge the correct amount of sales tax to your customers.
- Seamless Data Transfer: Avalara automatically transfers tax data to Sage Intacct, eliminating manual data entry and reducing errors and discrepancies.
- Simplified Reporting: Avalara generates detailed reports on your tax transactions, allowing you to easily track and reconcile your tax obligations and prepare for audits.
- Reduced Risk: Avalara helps you comply with changing tax laws and regulations, reducing the risk of penalties, fines, and audits.
- Scalable Solution: Avalara adapts to your business needs and growth, supporting multiple products, services, locations, and channels.
Focus on Your Business – Let Alvara Handle the Compliance
With Avalara and Sage Intacct working seamlessly in the background, you can concentrate on what you do best – running your business. Let the integration handle the complexities of sales tax compliance, freeing up your time and resources.
Also, Read -> How to integrate Shopify with Sage Intacct
Key Features of Alvara
- Automated calculation of sales tax rates and rules based on the product, location, and customer.
- Real-time validation and correction of addresses to ensure accurate tax jurisdiction assignment.
- Seamless integration with Sage Intacct that automatically applies sales tax to invoices and syncs tax data.
- Centralized management of tax exemptions, certificates, and documents.
- Comprehensive reporting and filing of sales tax returns across multiple jurisdictions and platforms.
- Access to expert support and guidance on sales tax compliance issues.
Steps for Sage Intacct & Avalara Integration
- Sign up for Avalara and Sage Intacct accounts.
- In Sage Intacct, navigate to the integration settings.
- Enter your Avalara account details.
- Configure your tax calculation settings according to your business needs.
- Test the integration to ensure everything is working correctly.
Sage Intacct & Avalara Integration FAQs
Q. How does Avalara calculate sales tax rates?
A. Avalara uses geolocation technology to pinpoint the exact location of a sale and apply the correct tax rate based on the product, customer, and jurisdiction. Avalara also regularly updates its tax rates database to reflect any tax laws and regulations changes.
Q. How does Sage Intacct handle tax exemptions?
A. Sage Intacct allows you to assign tax exemption codes to customers, vendors, items, or transactions. You can also upload tax exemption certificates to Sage Intacct and link them to the corresponding records. When you integrate with Avalara, Sage Intacct will send the exemption information to Avalara and Avalara will return the appropriate tax amount.
Q. How do I sync my data between Sage Intacct and Avalara?
A. You can sync your data manually or automatically using the integration settings. You can sync customers, vendors, items, transactions, and tax codes. You can also set up a schedule for automatic syncing or trigger a sync on demand.
Q. How do I reconcile my tax reports between Sage Intacct and Avalara?
A. You can use the reconciliation dashboard in Avalara to compare your tax liability and tax payments between Avalara and Sage Intacct. You can also export the reconciliation data to Excel or CSV for further analysis. You can filter the data by date range, company, entity, document type, and status.
Q. What are the benefits of integrating Sage Intacct and Avalara?
A. You can automate your tax compliance process and reduce the risk of errors, audits, and penalties. You can also save time and resources by eliminating manual data entry and calculation. You can also access accurate and up-to-date tax rates and rules for over 12,000 jurisdictions across the US and Canada.
Our Top Integration Services for Sage Intacct
+1-800-829-8610