Books - Easy Tax filing with Deskera

Deskera Books

We Make Tax Calculation Easy

Inbuilt tax rules allow us to take care of your filing documentation, so you can focus on your business.

We Make Tax Calculation Easy

Get accurate tax reports and know your tax liability at all times.
Tax is applied automatically to invoices and other documents according to local tax rules. You can configure your tax codes for any country, or use inbuilt tax compliances for the USA, Singapore, India, Malaysia, Philippines, and Indonesia (Australia, Canada, and Japan coming soon).

Stay Compliant

With Deskera Books, stay up to date with your compliance obligations. Reconcile your accounts and look forward to the hassle-free filing of tax to ensure that you do not default on your tax submission.

Effortless Tax Set up

Before using sales tax in your transactions, you need to create a new tax for any country.
In Deskera Books, taxes are prepopulated. for US, Singapore, India, Malaysia, Philippines, and Indonesia Also, you can add your customized tax rate applicable to your business.

Generate Tax Invoices Easily

Don't enter sales tax manually in your invoices. Let Deskera handle that for you.
Be compliant at all times with correct tax values on your invoices.

Associating Tax Exemption For Customers

Some organizations, like non-profit companies, or government entities, are exempt from paying sales tax. You can easily manage this in Deskera.
You can mark any contact as Non-Taxable in Deskera Books. The system will take care of the rest.

Sales Tax in Products and Services

If you charge sales tax for your products or services, you don't have to worry about calculating each tax yourself. Deskera Books can do all that for you.

Accurate Tax Filing

Doing Manual filing can cause errors. Deskera Books allows you to file your monthly sales and purchase transaction returns accurately with the system's auto-generated tax reports.
Deskera Books ensures that you will have peace and make sure you don't miss the deadline with these error-free reports generated.

Real-Time Tax Report

Collecting, filing, and reporting taxes can be tricky. Let Deskera Books handle it for you.
Deskera's tax ready software gives you auto-generated tax reports in one click. Review your transactions before filing for accuracy and completion.

Tax compliance Made Easy

✓ Automatic Tax calculation for invoices
✓ Pre-configured tax rates in the system
✓ Easy Customization of tax rates for your business
✓ Deactivate tax from the system if not in use
✓ Simple adding of Tax exemption for customers
✓ Effortless Tax calculation by adding it to product and services
✓ Generate all tax reports based on accurate real-time data
✓ Helps to file your taxes on time with the accurate system-generated tax report
✓ Export the tax reports in PDF and excel format

Improve Your Productivity

You can save 200+ hours annually by switching to Deskera. Sign up today to see the difference.

FAQs

What are the tax rates?

There are seven tax brackets for most ordinary income: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The US. has a progressive tax system, which means that you also move up the tax scale as you move up the pay scale. In Deskera Books, you can add these taxes that a further used for all the business transactions in the system.

What is Nexus?

Nexus is defined as having a significant presence or a commercial connection within the state to warrant sales tax. To determine whether your business has nexus in a particular state, you need to check each state's unique criteria to qualify as having nexus in that state.
Deskera Books allows you to keep track of the transactions made in different states and the subsequent taxes owed to the state. You will need to file your taxes through the appropriate channels after you have confirmed that you have nexus in the states involved.

What Does Product Classification mean for me in Deskera Books?

Deskera has a list of product categories based on the software you can use their search engine to identify the product category relevant to their products. Once they have identified the right type for their products, they can classify the products to that particular category.
In return, our system will determine the product category code and map it according to the right tax code, as per ship-from and ship-to address tax code.

How can I add tax exemptions to contact in Deskera Books?

Due to various factors such as organization type, product classification, or the buyer's purpose, the transactions involved may be exempted from sales tax. There are three types of exemptions: Product-based exemptions, Use-based exemptions, Buyer-based exemptions.
When creating a new Contact, you will need to indicate if your Contact is exempt from sales tax. If the Contact is exempted from tax, the tax won't be applied to the business transactions (sales) for this particular Contact. This ensures that sales tax is not incorrectly charged.

What is origin of Sales tax?

Origin sales tax means that the transaction will be taxed with the state's sales tax rates where the seller is based. There are 11 origin-based states,Arizona, California, Illinois, Mississippi, Missouri, New Mexico, Ohio, Pennsylvania, Tennessee, Texas, Utah, Virginia.

What is the Designation Sales Tax?

Destination sales tax means that the transaction will be taxed with the state's sales tax rates, where the buyer takes ownership of the product.

Can I generate a Sales tax report in Deskera Books?

With Deskera Books, you can compute the sales tax conveniently using our backend data. Instead of sourcing for a tax consultant to determine the sales tax payable, the sales tax is auto-generated on Deskera Books.