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Avalara Debuts Consumer Use Tax Product

Avalara has introduced Avalara Consumer Use, which is designed to help finance professionals assess their consumer use tax obligations.  The software company said this week the application assists in self-assessment for the entire use tax process, including user-defined rules, tax calculation, review, allocation, accrual, and documentation

Consumer Use can combine data from multiple systems into a single workflow in order to create an automated or semi-automated self-assessment of general ledger expense and use tax liability

The system also identifies overpaid or underpaid taxes on vendor invoices and creates reports for tax liability by jurisdiction. The application can import multiple transaction types, including purchase invoices, inventory usage and fixed asset movements

Consumer tax accruals can be integrated into the filing process in Avalara Returns.

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