ERP Consultant Blog

Sales Tax Audit and Exemption Certificates: Are You At Risk?

Written by Kathy Graham | Mon, Apr 22, 2013

If an auditor showed up today, how quickly and easily could you find your customer exemption certificates for tax-exempt transactions?

Tight crackdowns by state governments have included greater attention to non-taxed transaction compliance as they increase sales tax compliance audits. How is your sales tax exemption certificate tracking?  Do you have a process or system in place?  In the face of an audit, it is important to to produce a valid, current exemption certificate and evidence of its appropriate association with the actual sales transactions.

Unfortunately, most businesses have a manual process for tracking customer exemption certificates.  Manual tracking is not only time consuming and error prone, it can increases the risk of penalty in the face of an audit. Thousands of dollars could be assessed in penalties if just one exemption certificate is missing or expired. Accounting software solutions do not typically have a good way of handling exemption certificate tracking. 

Thankfuly, technology has brought a solution! AvaTax Certs allows you to manage exemption certificates online with electronic filing and tracking.  Learn more how AvaTax Certs can help reduce your audit liability: 

  • Online collection

  • Certificate verification

  • Digital storage and accessibility

  • Transaction association for each certificate

  • Expiration and upcoming renewal notification

Join our webinar on Tuesday, April 23rd at 2:00pm EDT to learn more about how automating the exemption certificate lifecycle within your ERP system can save you time and money as well as improve your staff and customer experiences with non-taxed transaction compliance.

Join our webinar and learn about:

  • Transitioning from paper to electronic certificates

  • Automating renewal requests 

  • Generating valid certificates at check-out

  • Digital storage and retrieval

  • Integration between certificate management system and your ERP

Join Avalara for a free 30-minute informational webinar to find out how to take the headache out of the exemption certificate management within your ERP system. Register to attend today! 

 

 

Title: Exemption Certificates Best Practices: Reducing Audit Risk

Date: Tuesday, April 23, 2013

Time: 11:00 AM - 11:30 AM PDT

Avalara and ERPVAR extend a special thanks to our participating Sage ERP consultants  ACI Consulting, Accounting Systems, Inc. and Equation Technologies for helping to promote this event.