JD Edwards Tax Compliance
Vertex L-, Vertex Q-, and Vertex O-Series Integrations and Audits
Making JD Edwards Tax Compliance Less…Taxing
Did you know that there are over 11,000 tax jurisdictions in the United States? And hundreds of sales and use tax rate changes or updates every year? This veritable thicket makes tax compliance a major headache and is the very reason so many businesses running JD Edwards have turned to Vertex.
According to Vertex, there is an average of 625 new and changed sales and use tax rates a year in the U.S.!
Vertex is a powerful tax automation tool that integrates with JD Edwards. Per the Oracle Help Center, Vertex calculates taxes by GeoCode and other special considerations. When laws change, Vertex pushes the new data to the client’s system so taxes can be correctly applied. As long as your system is properly installed, configured, and maintained, Vertex makes staying compliant easy.
This is why choosing a partner who deeply understands both Vertex and JD Edwards is critical. To ensure compliance, Vertex requires regular updates and audits. If handled in-house, adequate training must be provided. As we know, failing to follow tax law—even accidentally—can leave you open to fines, liability, and criminal charges.
Surety Systems takes the stress out of tax compliance. Our senior-level JD Edwards Tax Compliance consultants have numerous Vertex L-, Q-, and O-Series implementations and upgrades under their belts, and are well seasoned at setting up Tax Data Management (TDM) tables. Our clients even have us audit their Vertex configuration to ensure proper tax calculations and procedures—just to be safe. After all, tax compliance is one area where you don’t want to take chances.
The 3 Most Common Mistakes when Integrating Vertex and JD Edwards
Versions, vendors, and updates... oh my! Follow these tips to avoid the three most common JD Edwards and Vertex integration pitfalls at your company.
The Importance of Applying Frequent Vertex Updates
The improper installation and configuration of Vertex within a JD Edwards environment resulted in a penalty from the IRS for this tool manufacturing company. They didn't have an in-house expert capable of fixing these problems, so Surety stepped in and conducted a a comprehensive software review and upgrade to rid them of their problems.
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