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Vertex Indirect Tax O Series - North America Sales Tax

This course provides instruction for using Vertex O Series to calculate Sales Tax in North America.

Status

Open

Level

Beginner

CPE Credits

12

Requirements

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

  • Working knowledge of Sales and Use tax concepts
  • Working knowledge of your company's (or the Vertex-licensed client company's) tax reporting requirements
  • PC experience and navigational familiarity with various MS Windows Operating Systems (XP, 7 and/or Windows Server)
  • Experience using an Internet Browser (i.e., preferably IE or Chrome)

Course Description

This course provides instruction for using Vertex O Series to calculate Sales Tax in North America. An instructor-led classroom training and group discussion, including hands-on exercises which focus on Vertex O Series components, how they work with your financial system, and with each other. Upon completion of this course you will know how to set up Vertex O Series so tax is calculated correctly in the Supplies Business Event.

This course is also available online.

Agenda includes:

  • O Series components and resources
  • Transaction Processing - Supplies financial events
  • Taxability Management Planning Documents
  • Vertex Central user interface
  • My Enterprise, Tax Setup, Tools, Reporting & System menus
  • Tax Area ID Lookup, Rate Lookup, Transaction Tester
  • Taxpayer organizational structure and registrations
  • Customers, Taxability Drivers, Commodity Codes, Certificates (non-ECM)
  • Taxability Categories, Taxability Analysis, Taxability Mapping
  • Vertex and user - defined Tax Rules
  • Flexible Fields, Tax Assist Rules, Lookup Tables
  • Data Management tasks
  • Standard Reports, Data Extract Reports (templates)
  • System - Roles, Partitions, Users, System Preferences, Activity logs, Log files, About file
  • Accessing Online Help

What You’ll Learn

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

  • List and explain the components of Vertex O Series
  • Navigate the Vertex Central user interface
  • Optimize an O Series tax data configuration by realizing the value of taxability management planning documents
  • Utilize the Tools menu to look up Tax Area IDs, and standard rates
  • Conduct Transaction Testing to verify and troubleshoot tax data system configurations set up in My Enterprise and Tax Setup
  • Define your organizational structure and registration requirements in My Enterprise
  • Create Customers, Taxability Drivers, and Exemption Certificates (non-ECM) in My Enterprise
  • Use My Enterprise and Tax Setup to define and maintain your company's taxability exceptions for Customers, Taxability Drivers and Jurisdictions in the Supplies business event
  • Utilize advanced functionality in Tax Setup to create Tax Assist Rules, Flexible Fields and Lookup Tables
  • Explain and execute Data Management functionality to perform various data management jobs
  • Generate and interpret Standard Reports and Data Extract Reports (templates) in the Reporting menu
  • Set up and maintain System Security related roles, accesses and login information
  • Discuss and execute user interface Administration activities
  • $1,815USD