The purpose with this page is to provide information about the integration between IFS Applications and the 3rd party product Vertex Sales Tax Q Series from Vertex Inc.
When sales tax on customer orders is calculated in IFS Applications, the default tax code rates in Accounting Rules are used. In US, where many different tax codes exist and the rates changes frequently, the standard solution is not satisfying. The user does not want to change the rates manually every time the tax information has to be updated.
Vertex Inc. is a third party vendor that offers a product called Vertex Sales Tax Q Series and IFS Applications supplies an integration with this product. Vertex Sales Tax Q Series keeps track of valid tax information e.g. tax rates and performs tax calculations for the US and Canada markets. The solution is built as a subscription service, where tax information is updated monthly.
With the integration between IFS Applications and Vertex, the user can rely on Vertex for retrieval of correct tax information when doing tax calculations, without having to update any tax information manually. When a tax calculation is performed on e.g. a customer order, IFS Applications uses the integration to Vertex to get the correct tax rates and also let Vertex do the tax calculations.
The components within IFS Applications that are affected by the integration are,
Basic data on company and communication between IFS Applications and Vertex
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Instructions how to install Vertex software can be fond here.