Custom tax solution workflow

The Taxes application offers several tax solutions to fit your business needs. You can set a tax solution at the company level, and you can also set a different tax solution for each entity. An entity can only have one tax solution.

The following tax solutions can be used in the Taxes application for both single and multi-entity companies:

  • Standard tax solution for VAT and GST

  • Streamlined tax solution for VAT and GST

  • Custom tax solution for VAT and GST

  • No Tax

  • Simple Tax

  • Advanced Tax

  • Avalara AvaTax for sales and use tax

The tax solution that you select determines the type of tax submission process and tax reporting process you use.

About custom tax solutions

This workflow shows how a custom VAT or GST tax solution supports tax calculation, tax record creation, and tax reporting. Unlike standard tax solutions, custom tax solutions do not include preconfigured tax objects or integration with Sage Regulatory Reporting for tax submission. You create and maintain the tax objects required for your business and jurisdiction, including tax details, tax schedules, tax schedule maps, item tax groups, and contact tax groups. These tax objects work together to calculate tax on transactions and create tax records that can be used for reporting and reconciliation activities.

This workflow applies to companies or entities that use a custom tax solution.

If you use one of our standard tax solutions, see Standard tax solution workflow. If you use one of our streamlined standard tax solutions, see Streamlined standard tax solution workflow.

For companies and entities that need to calculate sales and use tax, see Sales and use tax overview.

Before you begin

Before using this workflow:

Workflow for custom tax solutions

When you configure an entity with a custom tax solution, you create and manage the tax objects that define how tax is calculated for your transactions. These tax objects work together to calculate tax and create tax records that can be used for tax analysis, reconciliation, and reporting.

  • Create and configure a custom tax solution for the entity.

  • Define the tax objects for calculating tax.

  • Maintain tax rates and tax object configuration as your business requirements change.

  • Create transactions in the supported applications.

  • Sage Intacct applies the tax configuration defined by the custom tax solution.

  • Tax details and calculated tax amounts are recorded and stored as tax records.

  • These tax records become the source data for tax submissions and tax reporting processes.

  • Create a tax detail box report that reflects the tax detail boxes for your tax jurisdiction.

  • Close the books for the reporting period.

  • Create a user-submitted tax submission in the Taxes application. The tax records in the submission period are locked and your tax submission appears on the Tax submission list page.

  • Run your customized tax detail box report to confirm your tax return totals.

  • Prepare and submit tax returns using your organization's external tax submission process and tools, as required by your tax jurisdiction.

  • Mark your user-submitted tax submission as filed to close the submission, unlock the tax records, and mark them as filed.

  • Use the Custom Report Writer to create reports that let you review tax activity and tax liabilities.

  • Create a tax detail box report that reflects the tax detail boxes for your tax jurisdiction.

  • Use reports to support reconciliation and tax review activities.

Regional availability

Custom tax solutions are generally available in the following regions:

All regions, excluding US