F330 Financials: Advanced | Sales Taxes and Avalara Integration 6.0

Home Course Catalog Financials F330 Financials: Advanced | Sales Taxes and Avalara Integration 6.0

What's new in this course

Course Resource Updates
Please note, instructional materials are updated to Acumatica 6.0.

For instructor-led sessions, Acumatica 5.3 was used. We will update sessions as soon as new online training sessions will be conducted on a base of Acumatica 6.0.

The course has been updated as follows:

  • The guide has been updated for Version 6.0 of Acumatica ERP.
  • The Consolidate Posting to GL feature has been replaced by the Generate Consolidated Batches check box, which is located on the General Ledger Preferences (GL102000) form.
  • New diagrams that illustrate the process of accumulating taxes in tax reports have been added to Lesson 1 and Lesson 9.
  • Lesson 3 has been updated with a new example of processing and the partial reversal of a taxable cash entry.
  • Lesson 5 has been updated with a new example that illustrates how to create report revisions.
  • Lesson 11 has been updated with a new example that illustrates how to process a sales order with taxable freight charges.
  • A new lesson, Lesson 16 (Adjusting VAT for Early Payments), has been added to Part 3. This lesson explains how to adjust VAT on invoices paid during the cash discount period.
  • A new lesson, Lesson 17 (Selecting Tax Calculation Methods), has been added to Part 3. This lesson explains which calculation rules you can define for the created value-added taxes, and how you can enter documents with taxexclusive or tax-inclusive prices.
  • Step 4 of Lesson 18 has been updated. Now this step explains how to perform the recognition of pending VAT amounts based on payments that have been applied to the document.
  • Minor corrections, improvements, and updates have been made throughout the guide.

The Financials: Advanced | Sales Taxes and Avalara Integration course will walk you through the configuration and use of the Taxes module of Acumatica ERP for maintaining sales taxes. The course also explains how to configure and use integration with Avalara AvaTax for the automatic calculation of sales taxes.

Through the step-by-step examples provided in the guide, you will learn how to perform the following tasks in Acumatica ERP:

  • Configuring a tax agency account
  • Configuring a tax report for the tax agency
  • Creating tax zones and categories
  • Creating sales taxes
  • Processing taxable documents
  • Preparing a tax report for the period
  • Voiding and again preparing the tax report
  • Making tax adjustments to the prepared tax report
  • Reconciling the tax report with the General Ledger module
  • Releasing the tax report and closing the tax period
  • Creating use taxes
  • Selecting tax calculation rules
  • Configuring and using integration with Avalara AvaTax