Vertex® Sales Tax and Consumer Use Tax Training - O Series®
Vertex O Series is Vertex's next generation solution for effective management of a corporation's transaction-based tax responsibilities. Vertex O Series is built on the common platform of the Transaction Processing System and includes the following tax specific products:
- Vertex® Consumer Use Tax O Series ®
- Vertex® Lease Tax O Series ®
- Vertex® Sales Tax O Series for POS ®
- Vertex ® Sales Tax O Series®
- Vertex® Value Added Tax O Series®
All products utilize the common capabilities of the Transaction Processing System such as setup and maintenance tools, reporting functions and a common interface to the financial system. This means simpler integration to ERP applications as well as a consistent user interface that makes it easier to learn and operate the full suite of Vertex O Series products.
Vertex offers a variety of O Series courses; the course description below is for the Vertex Sales Tax O Series and Vertex Consumer Use Tax O Series combination course.
Regional Training Dates
Schedule 2010
| Date | Location | Status |
|---|---|---|
| April 26-27-28 | King of Prussia, PA | Open |
| June 22-23-24 | King of Prussia, PA | Open |
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Regional Training ~ On-site Training
Prerequisites: No advanced preparation is needed. It is recommended that you have: PC experience Basic understanding of sales, use, and consumer use tax concepts Basic knowledge of your company's tax reporting system or requirements Learning Environment: The Vertex Sales Tax and Consumer Use Tax Training - O Series is presented in a participative live group environment with hands-on software demonstration. |
Onsite - Please call Training Registraiton at 800.281.1900, extension 4705 |
Audience
This course is designed for all O Series users including:
- Project leaders responsible for a Vertex O Series implementation
- Tax professionals responsible for system customization to incorporate their tax and business requirements into Vertex O Series
- Tax professionals responsible for incorporating their sales tax, consumer use tax, and business requirements into Vertex O Series
- IT or Tax professionals responsible for monthly system maintenance
- IT personnel responsible for integrating Vertex O Series with a financial application
- Consultants assisting with a Vertex O Series Sales Tax and/or Consumer Use Tax implementation
Program Content
- Understand the product components and what they do
- Understand how tax is calculated on transactions
- Navigate Vertex Central, the O Series home page
- Use Taxability Manager to set up your organizational structure and address sales tax and consumer use tax taxability needs
- Understand the purpose of Flexible Fields and practice setting them up
- Understand the purpose of Tax Assist Rules and practice setting them up
- Test Taxability Manger setups with the Transaction Tester
- Complete case studies to practice newly learned skills
- Use Rate Lookup to review standard tax rates
- Use Tax Area Lookup to determine Tax Area IDs
- Use Data Management tools to manage Taxability Manager and transaction data
- Generate Taxability Manager and transaction reports
- Setup and maintain system security
- Use Data Update to manage rate and Tax Area ID data
- Review License Manager to monitor overall system activity
- Review Activity Log to monitor user system activity
- Review Resources which support using the O Series products
Learning Objectives
Upon completion of this course, you will be able to:
- Describe the O Series system components and interface elements
- Understand the rate and rule data that drives the O Series system
- Describe how O Series processes sales tax and consumer use tax transactions
- Set up your organizational structure and registrations in Taxability Manager
- Use the Taxability Manager to define and maintain your company's taxability exceptions for taxability drivers, customers, vendors, and jurisdictions
- Use the Transaction Tester to verify your taxability setup in the Taxability Manager
- Generate transaction and Taxability Manager Reports with the Reports Utility
- Create an export file for Returns processing with the Returns Export Utility
- Administer the O Series system including security, data management, license management, and activity log
Contact Information
For questions regarding Transactional Tax Web Classes, please contact Training Registration at 1.800.281.1900