Indirect Tax Filing Preparation Agent

Companies file sales, use or VAT returns in many jurisdictions on monthly, quarterly and annual schedules, and errors bring penalties. After the books close, this agent pulls sales and purchase transactions and the tax engine output, prepares each return and reconciles it with the general ledger tax accounts and the prior period. A return must reconcile within $100. If it does not, the agent searches for the cause, such as a duplicated credit memo or a wrong ship-to address, and corrects it or asks the analyst. Large changes from the prior period are reviewed. It then checks customer exemption certificates. The analyst reviews and files every return. Edge case: sales covered by an expired exemption certificate are flagged as possibly taxable rather than silently left exempt.