The CoreBridge Tax Lookup integration automates the calculation of sales taxes for orders directly within the CoreBridge platform. This integration applies accurate tax rates based on customer location and product type, ensuring compliance with tax regulations. It simplifies tax management, minimizes manual errors, and streamlines sales operations while keeping tax rates current across various regions.
TABLE OF CONTENTS
- Benefits of Integrating with CoreBridge Tax Lookup
- Integration Settings
- Setting CoreBridge Tax Lookup as the Default Tax Option
- Selecting CoreBridge Tax Lookup on an Individual Order Basis
Benefits of Integrating with CoreBridge Tax Lookup
- Automated Tax Calculation: Applies accurate tax rates based on location and product type, minimizing manual errors and ensuring compliance.
- Efficient Tax Management: Simplifies tax management and streamlines sales operations by automating tax calculations.
- Customizable Tax Regions: Offers flexibility in determining taxable locations, including options for all, location-based, or custom regions.
How to Integrate with CoreBridge Tax Lookup
To integrate CoreBridge Tax Lookup with your CoreBridge system, navigate to Settings / Integrations / Marketplace.
1. Select the CoreBridge Tax Lookup Icon.
Note: CoreBridge Tax Lookup can also be found within the Finance Folder, All Folder, or by using the search filter.
2. Select Install.
3. Once installed, select View/Edit Settings to connect your CoreBridge Tax Lookup account to your CoreBridge system.
Note: This will redirect you to Settings / Integrations / Installed Integrations where all integration settings can be managed with CoreBridge Tax Lookup automatically being selected. The yellow clock symbol indicates that the account still needs to be enabled before the integration can be used.
4. Select the Ellipsis in the top right corner.
5. Select Set Active.
Note: After being set to active, the yellow clock will become a green checkmark.
Note: Only one tax provider can be set to active at a time.
Integration Settings
After activating your account, you will need to select how you would like the Nexus to be displayed. This is the connection between a seller and a state that requires the seller to collect and remit tax on sales made.
a. All - This will calculate taxes in all supported countries, states, and provinces.
b. Location-Based - This will only calculate taxes in the locations matching your addresses; other areas are Tax Exempt.
c. Custom - Allows you to select specific regions for tax computation; other areas are Tax Exempt.
Note: After selecting the appropriate option for your business, CoreBridge will automatically save your settings.
Setting CoreBridge Tax Lookup as the Default Tax Option
CoreBridge Tax Lookup can be used as the default on a Location or Company level.
To set as the default on a Location level navigate to Settings / My Business / Locations and select a Location.
1. Select the Location Details tab.
2. Use the Default Tax Group dropdown to select Online Tax Lookup.
To set CoreBridge Tax Lookup as the default on a Company level navigate to Sales / Customers / Companies and select the appropriate company from the list.
1. Select the Company Details tab.
2. Under the Accounting Details heading, use the Tax Group Dropdown to select the Online Tax Lookup option.
Selecting CoreBridge Tax Lookup on an Individual Order Basis
CoreBridge Tax Lookup can be applied on a per order basis by accessing the Line Items tab or, alternately, through the Order Details tab.
Note: CoreBridge Tax Lookup is also used for estimates, credit memos, and purchase orders.
Navigate to Sales / Orders and select the appropriate Order.
Using the Line Items tab:
1. Select the Line Items tab.
2. Select the word Tax. This will open a popup.
Note: This link will only be visible if the balance information on the order has been expanded by clicking the upwards arrow.
3. Use the dropdown menu to select Online Tax Lookup.
4. Select Save.
Using the Order Details tab:
1. Select the Order Details tab.
2. Under the Sales Details heading, click on the Tax Group dropdown and select Online Tax Lookup.
Note: With Online Tax Lookup selected, the tax will show as To Be Determined while you are editing the Order. Once the system has detected that you have completed making changes on the order, it will automatically save. This triggers the online tax lookup. The order will then display the appropriate taxes for the customer’s location and product type.