Page 33 - Millennium U4F Brochure 2021

Avalara MTD Reporting for Unit4 Financials
Making tax compliance less taxing.
As tax authorities globally look to monitor VAT/GST liabilities in real time and move to digital transaction reporting the onus on organisations to create timely and accurate, digitally formatted VAT returns has become ever more pressing.
The Avalara MTD reporting solution offers the ability to file VAT Returns and other indirect tax compliance reports in 43 different countries.
In doing so the solution addresses the complex automation needs
of organisations by increasing compliance accuracy, significantly reducing dependency on manual end user computing processes while at the same time dramatically reducing the operational risk associated with these manual tasks.
Reduce Increase Risk Accuracy
Using the Unit4 Financials Structured Output (available from Version 13 onwards), Avalara is automatically populated daily with sales and purchase transaction data. A data checking and validation rules engine identifies possible errors and anomalies that can usually be fixed within the period rather than requiring retrospective adjustments to the be made to returns.
VAT returns are submitted electronically to meet compliance with individual countries’ specific filing formats and returns can also be displayed and saved in PDF format in the relevant local language or translated to English.
Improve Automate Efficiency Compliance
32_33