Overview: Accounts receivable and sales tax reporting

Knowledge Base, Taxes

Paladin Data Corp’s accounting calculations and reporting methods—including sales tax reporting—follow generally accepted accounting principles (GAAP) and are designed to reconcile all presented data. Understanding the timing of revenue recognition is key to understanding sales tax reporting in Paladin Point of Sale. Investopedia, a global corporate finance and accounting firm, provides the following summary of […]

How to assign an Avalara AvaTax™ tax code to an inventory item

Knowledge Base, Taxes

Note: You can assign an Avalara AvaTax™ tax code to a department, and then use this procedure to override the department tax code for individual inventory items. To learn more, see How to assign an Avalara tax code to a department. Click the Inventory module. Search for the inventory item, and then display it. To search […]

How to validate a customer’s delivery address

Knowledge Base, Taxes

Open Paladin Point of Sale. On the top ribbon, click the Customers module. Search for the customer account, and then display it. To search for any item, click Advanced Lookup or press F1. If the customer account has a Delivery Address, Avalara AvaTax™ will automatically verify the address, and may recommend an update. If an update is […]

How to assign an Avalara AvaTax™ tax code to a department

Knowledge Base, Taxes

On the File menu, click Setup. Click the Dept tab. Select the department from the list. In Item Information pane, in the Tax Code box, enter the Avalara AvaTax™ tax code. To see a list of Avalara AvaTax™ tax codes, click http://taxcode.avatax.avalara.com. Click Save, and then click Close. Note: An inventory item can override its department’s […]

How to manually update Avalara AvaTax tax information

Knowledge Base, Taxes

Important: These steps must be performed by Paladin Support, and require an Avalara AvaTax™ account. To sign up for the Avalara AvaTax service, see How to get started with Avalara AvaTax™. Paladin Point of Sale periodically saves offline Avalara AvaTax™ information, so a store can process transactions during an internet outage, but you can also manually […]

How to manually send offline transactions to Avalara AvaTax

Knowledge Base, Taxes

Important: These steps must be performed by Paladin Support and require an Avalara AvaTax account. To sign up for the Avalara AvaTax service, see How to get started with Avalara AvaTax™. During an internet outage, Paladin Point of Sale will use saved offline Avalara AvaTax information to process transactions. When the store is back online, Paladin Point […]

How to manually update Avalara AvaTax™ address information

Knowledge Base, Taxes

Important: These steps must be performed by Paladin Support and require an Avalara AvaTax™ account. To sign up for the Avalara AvaTax™ service, see How to get started with Avalara AvaTax™. Notes: Paladin Point of Sale periodically updates Avalara AvaTax with a current list of customer delivery addresses, but you can also manually perform these customer […]

How to get started with Avalara AvaTax™

Knowledge Base, Taxes

Avalara AvaTax™ is a cloud-based solution that automates transaction tax calculations and the tax filing process. Avalara AvaTax™ computes real-time tax amounts using up-to-date tax rules from more than 12,000 United States taxing jurisdictions and from more than 200 countries. To learn more about Avalara AvaTax™, click here. In the Learn more about Avalara section, when […]

How to set up Avalara™ with Paladin Point of Sale

Knowledge Base, Taxes

Important: These steps must be performed by Paladin Support, and require an Avalara AvaTax™ account. To sign up for the Avalara AvaTax™ service, see How to get started with Avalara AvaTax™. On the File menu, click Setup. Click the Taxes tab. In the Invoices pane, select the Use Avalara for Sales Tax Calculation checkbox. Enter […]

How to create a Comparative Revenue Report

Knowledge Base, Reports, Taxes

Important notice for Ace Hardware stores: Starting June 1, 2020, Ace Instant Savings and Dynamic Promotion totals will appear in the department revenue list under two new department categories: Ace Inst Savings (Dept ID 10201) Ace Dynamic Prom (Dept ID 10202) Ace Instant Savings and Dynamic Promotion amounts prior to June 1 will appear in […]