ACUMENS E-TAX (ENTERPRISE)

1.Address Specific Sales Tax

Sales Tax is calculated based on document specific address. The rates fetched from the API are real time.

2.Field Change controls

This feature ensures that the fields listed below trigger Sales Tax recalculation when changed on an open document. For Released documents, these fields are not editable.

• Ship-to Code
• Ship-to Address
• Ship-to City
• Ship-to County
• Ship-to Country
• Ship-to Zip Code
• Posting Date

3.Sales Tax Exemption

Sales Tax exemptions can be defined per customer per state.
Exemptions are setup based on Sell-to Customer or Bill-to Customer or Ship-to Address.
Exemption types supported are user defined.

4.Multi-Company Nexus

While running multiple companies within one company in Business Central, each company’s tax liability can differ per Nexus State. Multi-company Nexus introduces a feature where you can use Location, Global Dimension 1 and Global Dimension 2 to separate the companies tax liability.

5.Hawaii Labor Exemptions

This feature applies to Hawaii Labor where labor is taxed regardless of customer exemption.

6.Reseller Use Tax

This is applicable to resellers where items for resale are not taxable but items that are consumed within the company are taxable.

7.Hawaii Reseller Exemptions

Resale Items in Hawaii attract a specific tax rate. This rate is defined by the state and the app allows for change whenever needed.

8.California Farmers

In the state of California, Farmers enjoy a reduced tax rate in state tax. Acumens e-Tax allows that reduction to be incorporated into the customer calculated tax.

9.Destination based and Origin based Sales Tax calculation

This feature controls which address (ship-to or ship-from) is used to calculate sales tax. Different states have different policies in this regard.

10.Retread Tax

In California, Retread taxable amount is 75% of the line item amount. Acumens e-Tax supports Retread Sales Tax calculations.

11.Credit Sales Tax

This feature allows for Sales Tax Amount correction without redoing the Sales document. Example: a Sales Order posted excess Sales Tax; a Credit Memo amount that is full tax is posted to correct it. It’s reflected on Sales Tax Reports.

12.Override Tax Rate

This feature allows for user to define specific rates for a customer if the rates fetched based on their address are not the rates they want to use.

13.Exact Tax Reversing

This ensures that when doing a document Credit Memo, the Tax Rate used on the original Invoice is the same rate used to reverse the document.

14.Freight Tax

Acumens e-Tax supports freight tax calculation based on the different variations in state rules regarding shipping tax.

15.Service Tax

Service Tax is also supported by Acumens e-Tax in a similar model with Freight Tax.

16.Extended Taxability

The App allows for Sales Tax Calculation variations based on dependencies i.e. an item can be taxable/non-taxable based on being sold with a specific resource or a resource in a specific resource group and vice versa.
Resources can also be set to automatically add to a document if a certain item is being sold in a specific state.

17.Update of Posted documents

The App allows for Document Taxability and Ship-to / Return-from Address Updates. These changes trigger a recreation of the document sales tax entries for reporting. All these changes are logged.

18.Sales Tax Reporting

• Sales Tax Report – used to file Sales Tax with relevant tax authorities.
• Report Log – a log of reports ran and submitted.
• Override Documents – allows an override on document taxability, can change from taxable to non-taxable and vice versa.