Sage 100cloud Consulting
Join Sage on Wednesday, August 12, 2020 for a free webinar spotlighting how you can use Sage Intelligence Reporting to create dashboards for viewing your Sage 100cloud data.
This one-hour session will also be made available as a recording so even if you can’t attend on Wednesday, sign up and you’ll receive a copy of the recording.
Join Avalara on Tuesday, June 30, 2020, for a 90-minute update on the latest sales tax trends and regulations. This webinar is free for all users and contains handouts with links to the latest sales tax and marketplace rules by state. ( Register Here )
If you’re worried that you may not be charging the appropriate sales tax or are considering expanding your sales online then this is an educational event you will not want to miss.
Avalara interfaces directly to Sage 100cloud accounting. It automatically computes sales tax based on the ship-to location and the type of product shipped.
While Sage 100cloud allows for creating your own sales tax codes and tracking tax manually the reality is that states are changing their rules so frequently that it might not make sense to manually track sales tax.
As of June 2020, there are only 5 states with no sales tax ( Avalara terms them as NOMAD states after the first letter of each state name ).
States continue to change rules for those who are required to charge tax ( aka Nexus ) for sales made into their states even when a company making the sale doesn’t have a traditional presence/office.
Join Avalara on June 30, 2020 for an update on sales tax for 2020 by registering here.
Join Sage on December 18, 2019, for a 90 minute overview of upcoming sales tax issue which may impact your business during 2020.
Users of Sage 100cloud have access to Sage Sales Tax which is a version of Avalara Sales Tax with deep integration to Sage 100cloud sales tax processing.
Avalara offers:
The agenda is listed as:
What you need to know about the new tax rules going into effect
2019 brought dramatic changes in sales and use tax rules: 43 states adopted economic nexus laws, requiring out-of-state sellers to collect sales tax, and 36 of those states also enforced marketplace facilitator laws. Businesses of all sizes have had to scramble to keep up with changing tax liabilities, and it’s not expected to slow down.
As 2020 nears, now’s the time to prepare for even more sales tax changes to go into effect.
Attend this webcast as our strategic partner, Avalara, will again provide in depth insight to arm you with knowledge on the biggest sales tax changes that went into effect in 2019 and what changes you can expect in 2020.
Scott Peterson, Vice President of U.S. Tax Policy and Government Relations for Avalara, will cover:
The webinar is geared to both Sage partners and end-users. To register follow this link.
Sales tax service provider Avalara has created a comprehensive website showing sales tax rules for each state in the United States.
You’ll notice some states are omitted, such as Delaware, Montana, Oregon, and New Hampshire. A fifth, Alaska, has no state-level sales tax but allows municipalities to impose the retail-level tax.
There is also a quick reference download available for each state charging sales tax. This guide would be handy for distributing to accounting staff for a quick overview of filing dates and requirements.
Users of Sage 100 and Sage 100cloud also have the option of incorporating sales tax processing directly into their Sage 100 system. The Avalara integration replaces the manually created sales tax codes and will compute and file sales tax returns to most states on your behalf.
If you are making sales in multiple states and aren’t yet registered – here’s an additional option Avalara offers called Streamlined Sales Tax ( info below via their website ) .
Created in 1999, the Streamlined Sales and Use Tax Agreement is the result of a cooperative effort between state and local governments and the business community. The goal of SST is to simplify sales and use tax collection and administration for all sellers and all types of commerce by making sales tax administration requirements less burdensome. Participating states must simplify and centralize aspects of sales tax administration. For some companies, SST offers critical tools to help address ever-changing sales tax regulations. For others, the benefits of SST are less obvious.
The active members of SST are: Arkansas, Georgia, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania,* Rhode Island, South Dakota, Tennessee, Utah, Vermont, Washington, West Virginia, Wisconsin, and Wyoming.
Last month we brought you parts 1 – 3 of the six-part “Warehouse Wizard Series”, a joint effort by ScanForce and Sage Inventory Advisor to provide educational content for Sage 100 users who operate warehouses.
Read Parts 1 – 3 of the Warehouse Wizard Series
And now for parts 4 – 6:
While having excess inventory on hand can seem like a safe bet to make sure you can meet demand, it is not cost-effective and can stunt your business’ growth.
On the other hand, you can have the best methodology imaginable in place to optimize replenishment and avoid excess inventory, but if your inputs are wrong, you will still fail. Good decisions start with accurate data.
Read Reducing Excess Inventory to learn about how to address the complexities associated with not having a source of truth for your levels.
Ranking your items lets you focus on the ones that really matter. Whether they’re high velocity/high value or slow moving/low value or anywhere in between, these criteria can help you make better decisions about where to focus your time and working capital.
Read up on The 5 Advantages of an Effective ABC Analysis to learn how these classifications can lead to increased profits.
Your Sage 100cloud subscription comes with a number of free tools that were previously only available for purchase. Two of these products that are included “out of the box” are:
Are you taking advantage of these features you already own? The infographic shows some of the functionality available to help you optimize inventory without purchasing any additional software.
That’s it for the series. Thanks for reading along! You’re a Warehouse Wizard!
Contact ScanForce or Sage Inventory Advisor if we can be of assistance with any of the initiatives you learned about in the series.