Introduction to Tax Assist in Vertex
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HT507 ‐ Hands‐On: Introduction to Tax Assist in Vertex O Series 10/23/2012 10:45 AM ‐ 12:25 PM Vertex Exchange 2012 1 Hands‐On: Introduction to Tax Assist in Vertex ® O Series ® October 23, 2012 10:45 a.m. – 12:25 p.m. Presenters Matt McGinn, Sr. Instructional Designer • Design, develop and conduct customer and employee training programs • With Vertex for 17 years Sandy Boyles, Functional Consultant • 18 years independent consultant working with 18 years independent consultant working with L, Q, and O Series and Vertex Sales & Use Tax Returns Michelle Reed, Tax Performance Advisory Services Manager, Ernst & Young • Implement automated indirect tax solutions with ERP systems • 10 years of indirect tax consulting experience 2 Objectives Upon completion of the session, you will be able to: • Understand pre‐calculation Tax Assist rules • Understand post‐calculation Tax Assist rules • Understand Allocation tables Understand Allocation tables • Navigate the Lookup table 3
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Introduction to Tax Assist
Transcript of Introduction to Tax Assist in Vertex
HT507 ‐ Hands‐On: Introduction to Tax Assist in Vertex O Series
10/23/2012 10:45 AM ‐ 12:25 PM
Vertex Exchange 2012 1
Hands‐On:IntroductiontoTaxAssistinVertex® OSeries®
October 23, 201210:45 a.m. – 12:25 p.m.
Presenters
Matt McGinn, Sr. Instructional Designer• Design, develop and conduct customer and employee
training programs• With Vertex for 17 years
Sandy Boyles, Functional Consultant• 18 years independent consultant working with18 years independent consultant working with
L, Q, and O Series and Vertex Sales & Use Tax Returns
Michelle Reed, Tax Performance Advisory Services Manager, Ernst & Young• Implement automated indirect tax solutions with ERP
systems• 10 years of indirect tax consulting experience
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Objectives
Upon completion of the session, you will be able to:
• Understand pre‐calculation Tax Assist rules
• Understand post‐calculation Tax Assist rules
• Understand Allocation tablesUnderstand Allocation tables
• Navigate the Lookup table
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HT507 ‐ Hands‐On: Introduction to Tax Assist in Vertex O Series
10/23/2012 10:45 AM ‐ 12:25 PM
Vertex Exchange 2012 2
Agenda
Topic Time
About Tax Assist 15 minutes
Tax Assist – Hands‐On Exercises 85 minutes
Questions and Answers Throughout
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Questions and Answers Throughout
AboutTaxAssist
TaxAssistRules
Calculation E i
Vertex O SeriesExternal Interface
Financial System
Calculation Engine determines situs/place of
l d
Financial System sends transaction data to
Option 1:Pre Calculation
Tax Assist
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Engine supply and calculates tax
transaction data to O Series
Option 2:Post Calculation
Tax Assist
HT507 ‐ Hands‐On: Introduction to Tax Assist in Vertex O Series
10/23/2012 10:45 AM ‐ 12:25 PM
Vertex Exchange 2012 3
TaxAssist:Hands‐OnExercises
Activity:TaxAssistRule
Calculation Engine
Vertex O SeriesExternal Interface
Financial System
Pre CalculationTax Assist
Division CodeCompany Code
EngineCompany Code = ABC
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Activity:TaxAssistLookupTableandRule
Vertex O SeriesExternal Interface
Financial System
Pre CalculationTax Assist
Company CodeDivision Code
Calculation Engine
Division Code = null
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HT507 ‐ Hands‐On: Introduction to Tax Assist in Vertex O Series
10/23/2012 10:45 AM ‐ 12:25 PM
Vertex Exchange 2012 4
Activity:TaxAssistAllocationTable
Vertex O SeriesExternal Interface
Financial System
Allocation TableTax Assist
Computer Package (bundle)
Calculation Engine
Accessories
Warranty
Laptop Computer
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Conclusion
During this session we discussed:
• Pre‐calculation Tax Assist Rules
• Post‐calculation Tax Assist Rules
• Allocation Tables
• Lookup TablesLookup Tables
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QuestionsandAnswers
AQ
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Q
HT507 ‐ Hands‐On: Introduction to Tax Assist in Vertex O Series
10/23/2012 10:45 AM ‐ 12:25 PM
Vertex Exchange 2012 5
ContactInformation
Vertex Product Support• Telephone: 800‐281‐1900
Sales Tax 4765
Consumer Use Tax 4780
Value Added Tax 4778
t i V t• www.vertexinc.com myVertex
Vertex Training• Telephone: 877‐455‐2645
• Email: [email protected]
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