Instead of being “tax-table driven”, Acumatica 5.0 features a real-time integrated sales tax solution using Avalara’s industry-leading Software as a Service (SaaS) offering, AvaTax, which strengthens the accuracy and efficiency of compliance with sales and use taxes. AvaTax for Acumatica gives real-time rates and jurisdictional boundary information so accounting staff can focus on accounts receivable and other revenue-positive activities.
During the sales order entry or the invoice entry, sales tax can be automatically calculated after saving or releasing a document. After releasing the document, the user can navigate to the Tax Details tab and see the tax that has been applied to the customer invoice as well as the tax total amount on the document summary.
“We have a vibrant and innovative partner ecosystem built around Acumatica,” said Christian Lindberg, Acumatica’s VP Partner Solutions. “Developing applications for Acumatica 4.0 allows our partners to access our latest technologies and deliver true competitive advantage to mid-market customers. We congratulate Avalara for bringing their innovative AvaTax service to Acumatica customers.”
“Our integrated solution helps Acumatica customers easily manage and remain compliant with increasingly complicated tax regulations,” said Avalara Founder and CEO Scott McFarlane. “As one of America’s fastest-growing companies, Avalara is pleased to welcome Acumatica customers to our ever-expanding community.” Learn more about Avalara’s integration with Acumatica
Avalara is revolutionizing a fundamental business process most people never even consider. We’ve set our sights on being part of every business transaction on the planet. How’s that for a big idea?