Sales Tax Exemption Module

Sales Tax Exemption Service

Sales Tax Exemption Service

Managing exemptions is often the most difficult part of the sales tax calculation process. While not complicated, exemption management is time-consuming, and most often, conflicts with the sales person’s inherent interest to quickly close a sale and move to the next customer. The last thing that any sales person will do is to stop a sale in mid stride simply to get an exemption certificate. Where a sales tax exemption certificate is not readily available, more often that not, they will make some notation, clear out the taxes and leave it to the tax department to later search for any missing certificate.

The Exactor Sales Tax Exemption Module is designed to automate the process of tracking & managing sales tax exemption certificates, and applying them to a sales transaction without impeding the flow of a transaction. The module enables collecting and uploading a sales tax exemption form in real time, either before or after transaction initiation, and provides for cross-referencing of a sales tax exemption certificate to multiple transactions. A purchaser is no longer required to produce multiple certificates, but instead can upload one certificate and use it across multiple transactions.

The Exactor Sales Tax Exemption Module is seamlessly integrated at any point of the transaction cycle, as may be needed, including the point of sale (e.g. QuickBooks POS sales tax service), at the transaction, such as the online shopping cart (e.g. PinnacleCart sales tax module), through the accounting programs (e.g. QuickBooks sales tax software solution) in an invoice or as part of the admin site.

The Exactor Sales Tax Exemption Module balances between the competing interests of a sales person’s desire to complete the sale and that of the tax department of making sure that all exemption information is readily available. The Exactor Sales Tax Exemption Module achieves this balance by its inherent flexibility of empowering merchants and buyers to upload sales tax exemption certificates at any point of time (in real time, or post transaction) or allowing the uploading of the minimal information necessary to complete a transaction, and supplement additional information at a later stage, so that the transaction flow is not slowed down unnecessarily.

The Exactor Sales Tax Exemption Module is designed for businesses of all sizes, who deal with sales tax exemption certificates as a matter of course, regardless whether they need to manage a handful or hundreds of thousands of certificates. Exactor’s upload system accommodates the automated uploading of thousands of sales tax exemption certificates at a time.

Digital storage and retrieval reduces storage costs and retrieval time. The Exactor Sales Tax Exemption Module also provides ease of access from any location that has Internet access and a web browser. No special software is required. Multi-location businesses can enable each store and office to upload certificates independently, and do not need to burden them with the sending of certificates to a centralized office. Conversely – individual stores and offices have immediate access to review customer sales tax exemptions and apply them to a purchase or sale in real time.

The Exactor Sales Tax Exemption Module also monitors and provides automated notifications when information is missing or a sales tax exemption certificate is about to expire and a renewal is required.
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