PCARD

Accrue Use Tax on Procurement Card purchases

Automate the use tax accruals on your Procurement Card transactions. PCARD connects the dots between your tax liable P-Card transactions and your Tax System.

 
 

Key Features

  • Allows you to specify high risk supplier types and suppliers
  • Only accrues on transactions where sales tax has not been charged
  • Makes a call to your Tax System for the tax calculation
  • Handles accounting entries in FI for tax expense and accrual
  • Updates your Tax System databases with the tax accruals – for returns fillings
  • Reporting function for full audit trail
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