Operating Unit Ambiguity
Companies that deploy a procurement company often do so to simplify taxes. Others try but end up making things more complicated.
Data is created during each variation of this process but often struggles to do so within integrated tax solutions. That data can be imported into CypherTax to determine the appropriate taxes in a simplified way, making intercompany transactions easier to manage. A CypherTax team member can walk you though how our system optimized procurement company transactions.
Removal from inventory, first use, and other consumption methods cause a required accrual. While often small, they still matter. CypherTax makes processing such consumption areas to become a streamlined accrual process that can be easily managed during the period close.
Ask one of the CypherTax team members to walk you through how we manage sub-processes such as inventory consumption to increase the accuracy of your tax liabilities.