Tag: Tax Verification

  • The sales tax verification: embracing AI for accuracy and efficiency

    The sales tax verification: embracing AI for accuracy and efficiency

    1. Current verification process of sales taxes in vendor invoices In the traditional approach, accountants manually review invoices from vendors to verify the accuracy of sales taxes charged. This involves checking the item-wise price, quantity, and sales tax against the shipping-to and from addresses postal codes. Accountants must understand the taxability of products, applicable tax…