Acumatica Tax Accounting

How Acumatica Tax Accounting Can Work for You

Acumatica Tax Management streamlines and automates the tasks involved with configuring, collecting, managing, and reporting tax. Tax Management integrates with the rest of the Acumatica Financial Management suite, enabling you to centralize your tax information and easily generate the tax filing reports that are required of your business.

Key Benefits of Acumatica Tax Accounting for Your Company

Configure Taxes the Way You Want

Support sales, use, withholding, VAT, and reverse VAT taxes. Specify multiple rates with different start and end date, and minimum and maximum tax amounts. Calculate on each line item or the entire document amount.

Offset Automatically with Accounts Payable

Specify the frequency of tax reporting and generate tax reports. Automatically generate a bill in Acumatica Accounts Payable with appropriate ledger postings.

Integrate with Financial Modules

Calculate taxes automatically based on the tax zone assigned to the customer, employee, or vendor record, and the tax category assigned to inventory items. Make manual tax adjustments. Tax is posted to a tax liability account on the General Ledger and to designated accounts within the software. The Tax Management module is integrated with all Acumatica modules that require tax calculation.

Highlighted Features: Acumatica Tax Accounting 

Flexible Tax Reporting

Configure tax reporting requirements for each tax. Generate summary reports and retrieve tax details for each tax zone. Prepare the statistical information required by tax authorities for filing tax reports.

Tax Transactions Drill Down

Maintains a complete record of each tax transaction including the originating module and transaction, the taxable amount, tax, reference number, and document type. Reconcile calculated tax with GL postings and drill down to the original transactions.

Direct Tax Adjustments

Review tax reports and enter corrections directly in your tax accounting software. Corrections update the specified tax liability account in the General Ledger as well as the statistical tax information.

Audit Trail

Maintain a complete audit trail of all tax related transactions. The system maintains the details of all tax related documents, including the originating module, reference numbers, and date of the record. Adjustment can only be made through auditable transactions.

Integration with Sales Tax Rate and Compliance Automation

For most businesses, sales tax is an obligatory, complex nightmare. Automating this process will save you time, money, and effort. Avalara AvaTax works inside of Acumatica Sales Order Management and Commerce Edition to dynamically deliver instantaneous sales tax decisions based on precise geo-location in more than 11,000 taxing jurisdictions. Because it works as part of the standard sales order process, order entry staff have nothing extra to learn. The system automatically considers hundreds of thousands of taxability rules and the latest jurisdiction boundaries to deliver the right rate and tax calculation—every time. In addition, the returns filing process monitors deadlines with automated returns and remittance. Acumatica customers can simply turn this feature on to start calculating taxes—and then look forward to lower long-term costs because Acumatica’s cloud platform enables the connected business.

Acumatica Cloud ERP Suites

Acumatica Financial Management Suite  Acumatica Distribution Management Suite Acumatica Project Accounting Suite  Acumatica Customer Management Suite


Financial Management Suite
A powerful set of financial applications used by almost every organization, no matter how complex or simple requirements are. Bring rigor to business processes in a user-friendly way.
Distribution Management Suite
Works together with the Financial Management Suite as a full distribution solution. Starting from the requisition process to purchasing, order management, inventory tracking, automated  inventory replenishment suggestions, and more.
Customer Management Suite
Fully integrated with the Financial Management and Distribution Management Suites, the Customer Management Suite fosters a team approach. Dashboards and reports provide real-time sales data to accurately manage forecasts, quotas, and results.
Project Accounting Suite
With the Project Accounting Suite, deliver on project objectives on time and on budget. Manage complex reporting requirements. Include projects in company-wide financial reports.