In project accounting, documents, such as fees, equipment and time entry, are collected during cycle billing, and taxes are calculated at the time of billing/invoicing or during billing entry. Tax estimates are automatically added to the project accounting documents and transferred to the corresponding invoice. The system also makes an automatic address validation and cleansing call each time a customer address is maintained.
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ONESOURCE LINKS TO DYNAMICS GP Featured
Thomson Reuters has integrated its OneSource tax line with Dynamics GP. Onesource Indirect Tax Integration enables GP users to calculate U.S. sales tax, Canadian Goods and Services Tax and other Canadian provincial sales taxes. Data moves from the financial software package to the OneSource engine, which automatically evaluates each invoice line, calculates the appropriate tax and returns the results to GP for planning and reporting.
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