| What is the Sales/Use Tax System?
The Sales/Use Tax System is software that can do the sales/use
tax work for you - automatically. The system calculates and
applies the sales and use tax rates for goods and services for
any jurisdiction within the United States (including its possessions)
and for the Canadian provinces. Non-standard tax rates and exemptions
for special product types are automatically calculated through
the Sales/ Use Tax System's "Taxability Matrix". Changes in
sales and use tax laws are monitored monthly.
Advantages to using the Taxware System
Customized & Compatible
The Sales/Use Tax System interfaces with SX.enterprise.
- The system runs on virtually all computers.
- A tax rate matrix can be customized to suit your needs by
including special products in certain
- jurisdictions other than those already identified.
Comprehensive & Convenient
- A simple "user call" to the system gives you total control
over the most difficult problems.
- Tax information is obtained directly from the taxing authorities.
- Using the system is convenient since zip codes are the primary
key for locating the proper rates.
- Transactions are recorded in an audit file as they are processed,
providing a clear audit trail for future use as well as a
source of historical reports.
- State tax audits go more smoothly and potential penalties
can be avoided, saving you time and money.
Flexible & Accurate
- Accurate, usable information can be printed on demand.
- Accurate tax rates are automatically calculated and applied
to each transaction.
- Flexibility to override amounts or percentages used for
calculation at any level.
VERAZIP Interface - Optional Package
VERAZIP is an optional package used with Taxware that verifies
U.S. Zip Codes based on the record's city and state information.
SX.enterprise screens that use Taxware and VERAZIP will display
a required two-digit Geo-Code field. Geo-Codes allow the system
to distinguish between different tax jurisdictions that share
the same city/town, state and zip code.
How is VERAZIP Used?
SX.enterprise passes city, state, and zip code information
to VERAZIP to be verified and allows the user to select the
Geo-Code that is most likely to denote the taxing jurisdiction.
This process is accomplished through a standard SX.enterprise
lookup tied to the Geo-Code field. Once the proper record is
chosen, the city/town, state, zip code and Geo-Code information
is copied from the lookup back to the SX.enterprise screen.
VERAZIP can verify number combinations of address information.
The information returned to the SX.enterprise screen depends
on the information populated before calling the lookup.
- The system automatically validates and corrects 5-digit
zip codes, state codes, and city names.
- VERAZIP can generate Geo-Codes by accessing its comprehensive
database.
- You can use it online as an order entry edit system to
guarantee proper city and state information.
- You can use the system to verify zip codes on your existing
files.
- Use report programs to display lists based on selected
criteria.
- System will automatically validate input, check against
the VERAZIP database, and notify if something does not match.
- VERAZIP runs on virtually all computers and is the ideal
companion edit run for the Sales/Use Tax System
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