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What is the specific purpose of the tax agency for the Vertex integration

  • 14 December 2022
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Our organization is working toward use of the Vertex tax integration with Acumatica.  In review of the documentation, it states the need to create a tax agency vendor specific to/for Vertex.  We are trying to understand the specific use of that vendor account.  Is it just for the integration, or will all taxes be paid to that Vertex vendor?

Currently, we have multiple accounts with state and local entities as we file and pay taxes.  We just need to understand if this single agency vendor will then replace those individual accounts, or if the Vertex vendor is just used for the interface.

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Best answer by ruchikasharma23 22 February 2024, 18:18

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You can configure a tax agency account in Acumatica ERP to cover either of the following purposes:

  • You want to set up tax reporting for the tax agency. For such an agency, you configure an appropriate tax report and set up automatic accumulation of tax amounts in the tax report.
  • You want to pay taxes directly to the tax agency. (For certain taxes, such as the customs duties on imported goods, instead of filing tax reports, you must pay the taxes directly to the tax agency.) In this case, you need to create the tax bills by using the Tax Bills and Adjustments (TX303000) form, and then pay the billable amounts to the vendor (which is a tax agency).

Detailed info on Tax Agency can be found here:
https://help.acumatica.com/(W(73))/Help?ScreenId=ShowWiki&pageid=c652ccbb-def3-4e6a-9207-b4213d147a7e

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