software
TaxTechnology

Customer Tax Adjustments

Simplify processing of tax-only adjustment postings in SAP and tax engine

Features
  • Posts tax adjustments in tax system and generates required accounting documentation automatically

  • Configures to automatically park or post tax adjustments

  • Performs debit/credit tax adjustments associated with:
    • Incorrect or late application of tax exemption certificates
    • Incorrect assignment of material number to product code
    • Applying timely tax rate updates or changes to the tax engine
    • Customers returning products to locations different than the original ship-from location

  • Performs tax adjustments with minimal required fields (posting date, reference billing document, and tax credit/debit amount)
Benefits
  • Simplifies posting adjustments

  • Posts credits and debits for customers with an active exemption

  • Increases accuracy of tax jurisdiction and product code assignment

  • Manages return-to and ship-from location differences

Easily manage tax adjustments to customer accounts without affecting original sales transactions