software
TaxTechnology

Month End Processing Package

Enhance Month-End Tax Procedures and Compliance


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Customer Tax Adjustments
Simplifies post of tax adjustments in SAP.
  • Posts tax adjustments automatically in tax system

  • Generates required accounting documentation automatically
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  • Increases accuracy of tax jurisdiction and product code assignment

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Goods Movement Use Tax Accrual
Automates MM tax calculations (inventory movement).
  • Calculates use tax accrual on goods movement and non-standard transactions automatically

  • Reviews proposed tax accruals easily by executing in "test mode"
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  • Reduces tax exposure on materials purchased into inventory

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GL Reconciliation
Eases reconciliation between SAP and tax engine.
  • Matches postings between SAP/tax engine and post variances to tax engine audit file

  • Compares SAP tax liability account postings with tax system audit file entries

  • Increases tax compliance accuracy and enhances internal controls

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Queue Manager
Monitors SAP queues for unposted tax transactions.
  • Provides visibility into incomplete tax transaction processing

  • Configures custom thresholds

  • Automates notifications