DTS Blog

Allocating Purchases

Posted by DTS on Jun 4, 2019 2:16:26 PM

 Are you having issues will allocating purchases?

 When it comes to commonly sought out features in a Sales/Use Tax solutions, the ability to accrue use tax based on an allocation of a purchase to multiple locations is a critical feature.

For example, many clients will allocate purchases of software and marketing materials. In TaxView, the first step in setting up allocations is establishing an allocation model.

TaxView allows for allocations to occur at the invoice line level using a manual process, or through a more automated process at the tax rule level.

This tool works to setup tax rules to help apply allocations for routine or voluminous purchases and the process for all of this just takes a few minutes!

Watch the video below to learn more about allocating purchases and see an example of how this works!




Topics: sales, marketing, company info, data, tax, use and sales tax