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Audience

Tax professionals and project managers responsible for setting up and maintaining the Tax Decision Maker (TDM), and IT personnel who want a high-level overview of system functionality and details of TDM capabilities

Note: Vertex also offers a Vertex L Series for Systems course, designed for technology personnel responsible for supporting Vertex products.

Description

This course focuses on Vertex L Series, Vertex's legacy tax compliance system. Vertex L Series receives transaction data from your host financial system and determines the correct tax amount by searching its data files for exceptions, the appropriate taxing jurisdiction, and the appropriate tax rate. Vertex L Series then calculates the tax amount and passes this information back to your host system for invoicing. The transaction data is stored in the Register file and is used to create audit and management reports, and to prepare tax returns.

Note: This course is taught using the Cobol version of Vertex L Series. If you have the RPG version, the functionality discussed is the same but will be displayed differently.

• Product overview
• Understanding GeoCodes
• Using TDM to customize the system with exceptions to meet your tax compliance needs
• Using the Taxability Guide
• Understanding the Link/Parm area
• Implementing the system
• Performing regular operations
• Interpreting system reports
• Hands on software demonstration

Learning Objectives

Upon completion of this course, you will be able to:

• Understand the purpose of the Data and Calculation Modules
• Complete the installation planning work necessary to speed your operation's implementation of the Calculation Module
• Produce information to prepare accurate and timely tax returns
• Produce reports to satisfy the needs of tax auditors
• Update and maintain the Data Module

Requirements

You must be an employee of an active Vertex customer or Vertex partner company and have:

• PC experience
• Working knowledge of Windows-based products
• Basic understanding of sales and use tax concepts
• Basic knowledge of your company's tax reporting requirements