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ONESOURCE INTEGRATION FOR MICROSOFT D365OINSTALLATION AND USER GUIDE 2.0.1.8 Document Version 6iiCOPYRIGHT NOTICE 2021 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson
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01
Gather necessary information on tax jurisdictions and rates applicable to your business.
02
Access the OneSource Indirect Tax Integration platform and log in with your credentials.
03
Navigate to the configuration settings to set up your company profile.
04
Input the tax rates specific to your business operations and jurisdictions in the required fields.
05
Integrate your accounting software with OneSource to ensure seamless data flow.
06
Test the integration by processing a few transactions to verify accuracy in tax calculations.
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Review and confirm all settings and data before going live with the integration.

Who needs onesource indirect tax integration?

01
Businesses that operate across multiple tax jurisdictions and require accurate tax compliance.
02
Companies looking to automate their indirect tax calculations and reporting processes.
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Organizations aiming to reduce manual errors in tax-related tasks.
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Firms dealing with complex supply chains and diverse product/service offerings that are subject to different tax laws.
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OneSource Indirect Tax Integration is a software solution that helps companies manage their indirect tax compliance, including sales and use tax, value-added tax (VAT), and other transactional taxes. It integrates with financial systems to automate tax calculations and filings.
Businesses that engage in transactions subject to indirect taxes, such as sales tax or VAT, and those required by their jurisdiction to report and pay these taxes are required to file OneSource Indirect Tax Integration.
To fill out OneSource Indirect Tax Integration, users typically need to input relevant transactional data, including sales figures, tax rates applied, and exemptions. The software often provides templates and guided workflows to facilitate the data entry process.
The purpose of OneSource Indirect Tax Integration is to streamline the process of calculating, reporting, and remitting indirect taxes, ensuring compliance with tax regulations while minimizing errors and saving time.
Information that must be reported includes total sales, taxable sales, exempt sales, tax collected, and any deductions or credits applicable to the reporting period.
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