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Avalara Help Center

Edit a Company

This article applies to:Avalara AvaTax Update

When you start using AvaTax Update, you enter details about your company. If your business changes, edit your company details in AvaTax Update. Edit a company to change values for things like the name of a company, whether a company inherits its tax profile, and more.  Edit your company settings, such as rounding and freight/handling, under Settings > Manage advanced company settings.

Go to Settings > Edit company to edit your company details.

Edit company details

  • Company address - Click Manage company locations to change your company address.
  • Company name - The company name identifies the company in AvaTax Update. It should be unique and match the name in your accounting software.
  • Is this a standalone company?
    • Choose Yes if this company doesn't have a parent company.
    • Choose No if this company has a parent company, and then type the name of the parent company.
      1. Inherit the tax collection settings? The tax collection settings are the collection of jurisdictions, tax codes, tax rules, and items that define the taxing policy of a company.
        • Choose Yes, inherit the settings to allow the child company to inherit the tax collection settings from its parent company. (Recommended)
        • Choose No to allow the child company to create and maintain tax collection settings independent of its parent company.
      2. Is this company a separate reporting entity? A separate reporting entityHoverTT.png is a company that reports and files its transaction history independent from any parent company or child company with which it’s associated.
        • Choose Yes to allow the child company to maintain its transaction history independent of its parent company.
        • Choose No to allow the child company to combine its transaction history with its parent company for reporting and tax return purposes.
  • Set company as the default company? AvaTax Update requires one company to be the default company. AvaTax Update uses the company code of the default company to process transactionsHoverTT.png received from your accounting software without a company code.
  • Do you want this company to be active? The company status determines whether AvaTax Update processes transactionsHoverTT.png for a company.
    • Choose Active to allow AvaTax Update to process transactions for this company.
    • Choose Test to allow AvaTax Update to process transactions for this company for testing purposes. A test company doesn't generate liability worksheets, Returns calendars, or tax notices.
    • Choose Inactive to prevent AvaTax Update from processing transactions for this company.
  • Additional company details
    • Taxpayer ID Number (TIN) - The business TIN or taxpayer ID is a unique, nine-digit identifier assigned to U.S. companies for tax reporting purposes. 
    • Business Identification Number (BIN) - This is the business identification number, such as the Canadian BIN or European VAT identification number, assigned to a non-U.S. company.  It's not required.
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