8 Effective Sales Tax Software Businesses Should Know

Sales tax software is growing popular these days. Whereas sales tax management is crucial work, these software platforms significantly help businesses automate their sales tax calculation, filing, and reporting processes, saving them time and money. In this article by Viindoo, we will discuss various effective sales tax compliance software for businesses.

Viindoo Business Management Software

Viindoo is a powerful ERP software solution for SMEs. The software supports sales tax management through the integration of Viindoo Accounting and Viindoo Sales. With Viindoo, businesses can easily calculate sales tax on software, set up and use default taxes on sales, configure fiscal positions, and apply tax mapping rules and accounting accounts on sales and purchase documents.

sales tax software

Viindoo is a comprehensive ERP software for SMEs

Here are some key features of Viindoo that support sales tax management.

  • Default taxes configuration on product form: When selecting default taxes in the Accounting app's settings, the information is automatically updated in the Customer Taxes on the product form.
  • Apply default customer taxes to sales orders: When creating a sales order, tax information is referenced from the Customer Taxes field on the product form.
  • Fiscal Position feature: This feature allows businesses to easily set up taxes and accounting accounts on sales and purchase documents with customers or providers who have different needs from the general settings. It can be applied in situations such as tax incentives or when buying/selling goods with a partner who wants a different transaction recording from the general rule.
  • Automatic and manual fiscal position application: Viindoo offers both automatic and manual fiscal position applications. The automatic application is based on identifying geographical locations or fiscal positions on a partner's contact. The manual application allows businesses to manually select a fiscal position on sales documents to apply the tax rules and accounting accounts configured on that fiscal position.
  • Convenient solution for tax reporting: The Tax report is structured for each type of tax in the Viindoo Accounting App. This provides users with an overview of the business’s sales tax.
  • Integration with other Viindoo apps and modules: Users can use other Viindoo apps and modules such as invoicing systems and integrate them with the currently in-use Viindoo apps to have a single tax engine to support a growing business seamlessly. 

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QuickBooks Online Sales Tax Software

QuickBooks Online is a cloud-based small business sales tax software. It offers a range of features to help companies to manage their finances efficiently. Moreover, the software can support sales tax management. It enables businesses to automatically calculate sales tax on software, track tax liabilities, and file tax returns with ease.

sales tax software

Gain intuitive reports with QuickBooks Online small business sales tax software

Here are some of the key features of QuickBooks Online: 

  • Accounts management: QuickBooks Online allows users to access, edit, create, duplicate, and share their complete accounting data with employees, consultants, associates, and partners. 
  • Interface and dashboard: Users can access the QuickBooks Online backend from anywhere with internet access, without needing to download any software. The software provides a customizable dashboard where users can create feeds and charts according to their needs.
  • Security and backups: All data inputted into QuickBooks Online is securely backed-up to the cloud, ensuring data safety.
  • Subscriptions and pricing details: All QuickBooks Online packages come with support, from initial startup to ongoing support inquiries. The software also provides free updates and upgrades for all its packages. Users can avail of a 30-day free trial before committing to a subscription.
  • Multi-platform transparency: QuickBooks Online auto-syncs with all connected devices and multiple users. 

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SuiteTax Software

NetSuite Tax Management, also known as SuiteTax, is a sales tax software designed by NetSuite. This software helps finance teams manage global tax compliance by providing a configurable tax engine that delivers end-to-end global tax management.

tax software sales

The interface of SuiteTax

Here are some key features of SuiteTax:

  • Configurable tax engine: SuiteTax provides a configurable tax engine that delivers end-to-end global tax management. This feature allows finance teams to customize the software according to their specific tax management requirements.
  • Real-time detailed reports: With SuiteTax, finance teams can generate detailed reports analyzing transactions down to line-item tax details in real time. 
  • Simplified global tax compliance: SuiteTax simplifies global tax compliance by saving time, reducing costs, and eliminating manual calculations.
  • Automatic tax rate updates: NetSuite provides monthly tax rate updates for 110 countries and retains historical rate changes. This means that SuiteTax automatically applies the right rate to every transaction, every time.
  • Any tax, anywhere: SuiteTax supports any tax, anywhere in the world. This feature allows finance teams to manage global tax compliance with ease, regardless of the tax laws and regulations in different countries.

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Avalara Software

Avalara is a sales tax compliance software that helps businesses manage their tax obligations effectively. With the increasing complexity of tax regulations imposed by state, local, and other tax authorities worldwide, Avalara offers efficient and accurate solutions to meet those requirements.

sales tax software

Avalara software 

Key features of Avalara are:

  • Real-time tax calculation: Avalara enables businesses to calculate taxes accurately in real-time and automatically applies the right tax rate to every transaction, every time.
  • Hassle-free returns filing and remittance: Avalara helps businesses prepare and file tax returns easily and efficiently. 
  • Efficient tax document collection and management: Avalara enables businesses to manage tax exemption certificates and other documents in a centralized, cloud-based platform. 
  • End-to-end compliance solution: With the Avalara Tax Compliance Suite, businesses can manage compliance from start to finish. The suite includes solutions for various transaction taxes, including sales and use tax, VAT, excise, communications, and more.
  • Professional Services: Avalara also offers professional services, including Tax Advisory Services, Implementation Services, Managed Services, and Support Plans and Training, to help businesses reduce the complexity and risk of tax compliance and focus on their primary expertise.

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ProSeries Tax Software

ProSeries Tax is a powerful cloud-based sales tax compliance software designed to assist accounting firms in the preparation of returns, filing e-forms, and tracking tax filing errors through diagnostic tools.

sales tax software

Professional tax software ProSeries Tax 

Below are some of the key features and benefits of using ProSeries Tax:

  • Multi-user access: ProSeries Tax provides multi-user access, enabling multiple people to simultaneously work on the same return.
  • Line-sensitive help feature: This feature allows users to trace the source of field data and determine the information to be included in particular fields.
  • Status tracking: Tax professionals can view the status of an e-file and monitor missing data in clients' return files. They can also send email notifications to update clients about them.
  • Data input assistance: The application provides functionality that lets users search forms to add uncommon or unusual data in a return.
  • Tax planner: It helps users handle tax payments, withholding, income, and expenditures using a tax planner.

TaxJar Software

TaxJar is a technology-driven sales tax software that simplifies sales tax management for businesses of all sizes. With a passion for customer service, TaxJar leverages technology to make it easy for businesses to automate their sales tax processes and focus on growth.

tax software sales

Taxjar software 

TaxJar's key features include:

  • AI-Powered Solution: TaxJar is a sales tax automation solution that is powered by AI. It uses cutting-edge technology to solve complex sales tax challenges with ease and provides meaningful integrations that make it easy to get started.
  • Precision and Accuracy: TaxJar continuously innovates its data delivery to provide accurate results to support sales tax management.
  • Customer-Centric Approach: The company values its customers and strives to provide exceptional customer service. The company believes in treating customers respectfully and helping them achieve their goals. 

Vertex Software

Vertex offers a cloud-based small business sales tax software to improve tax accuracy and consistency on sales and purchase transactions. With its robust technology and up-to-date tax research, Vertex supports high-volume and complex transactions at speed and scale, making it easy to streamline internal processes and improve audit performance. 

sales tax software

Vertex cloud-based tax software 

Key features of Vertex include:

  • Cloud-Based Tax Solution: Vertex's cloud-based solution provides businesses with an efficient and scalable way to automate their tax compliance requirements while reducing the complexity and risks associated with tax compliance.
  • Robust Technology: Vertex leverages its cutting-edge technology and up-to-date tax research to ensure high accuracy and consistency in tax calculations, even for complex transactions.
  • Integration Capabilities: Vertex seamlessly integrates with a range of ERP, e-commerce, procurement, and billing systems to provide businesses with a single tax engine for all their tax compliance needs.
  • Exemption Certificate Management: Vertex provides tools and services to help businesses automate and streamline exemption certificate management, ensuring compliance with tax laws and regulations.
  • Compliance Filings: Vertex also offers services to automate and streamline compliance filings, enabling businesses to file their tax returns accurately and on time.

Sovos Sales Tax Software

Sovos Intelligent Compliance Cloud is a software that provides a comprehensive tax compliance and reporting solution. It combines three core functions – tax determination, invoicing compliance, and tax reporting – all on a single platform, which makes it easier for enterprise businesses to manage tax-related risks. The platform provides a range of features to ensure that organizations are always in compliance with tax regulations.

sales tax software

Sovos comprehensive tax compliance and reporting solution

Some key features of Sovos Intelligent Compliance Cloud include:

  • Accurate tax determination: Sovos' indirect tax determination tools provide always-accurate rates for sales and use tax, VAT, and various other taxes on transactions and purchases.
  • Stay on top of regulatory changes: Sovos stays on top of regulatory changes, providing users with improved confidence that their organizations are in compliance.
  • Streamline compliance-related tasks: Sovos streamlines compliance-related tasks, bringing greater operational control, efficiency, and reduced costs.
  • Take control of compliance: By taking control of compliance, Sovos frees clients from unwanted tasks, allowing them to play a more strategic role in their organization.
  • Comprehensive APIs: Sovos provides comprehensive APIs that allow organizations to connect all their tax applications and financial systems to the platform.

In conclusion, sales tax software is gaining increasing attention on the market today. By taking the time to research and compare different options, businesses can find the software that streamlines their operations and helps ensure compliance with state and local tax laws. Hopefully, the article by Viindoo helps businesses have more ideas about suitable sales tax software to use.

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8 Effective Sales Tax Software Businesses Should Know
Viindoo Technology Joint Stock Company, Trịnh Thị Ngọc Anh 4 April, 2023

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