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Vertex Training

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.

Delivery Method
Instructor Led (Group-Live)

CPE Credit
18

Course Level
Overview: This course provides users with a comprehensive overview of basic system functionality.

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

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.

Course Fee
$1,875 per person (Please note this class is a three day class.)

Schedule 2008

Contact Information

• For questions regarding Transactional Tax Web Classes please contact Training Registration @ 1.800.281.1900