Tag: Taxes

QAD’s Global Tax Management (GTM) tool makes it simpler for companies of any size or complexity to accurately calculate taxes. Users can designate taxes assigned to suppliers, customers, and items; tax zones based on ship-to and ship-from locations; choose when to calculate taxes; and many more accommodating variables. With the capability to accommodate any number of tax rates or legal reporting requirements for multiple countries within a singular database, GTM...

Over the last 25 years, the Logan Team has implemented ERP software with varied transaction tax configurations. These configurations include, US Sales and Use Taxes, Canadian Value Added Taxes, Mexico Value Added Taxes along with Supplier withholding taxes, European Value Added taxes, and Chinese Value Added Taxes. Our Logan Team can provide top down business management consulting to enable a sustainable transaction tax solution. Business Processes for master data creation...

Previous blogs in this series described the complexities of Sales and Use Tax configurations in ERP. If your business requires a 3rd party bolt-on software package, the following requirements should be considered.  Tax Rate Database o Integration to the tax rate database should be seamless. The software should include a connection to transactions including quotes, sales orders, invoices, purchase orders and accounts payable transactions. o Tax rate updates should...

This is the second in a series of Blogs regarding Sales Tax environments in the United States. This series will describe general considerations, legal environment and other conditions that create impact your business Sales Tax requirements. The complex environment exists because state legislatures create unique sales tax laws. There are some common conventions across the states. They include: • Sales Tax are calculated based on where the product lands or...