This section relates to Avalara VAT Reporting (Cloud version). If you use Avalara VAT Reporting (Desktop version), please see the Avalara VAT Reporting (Desktop version) help section.
What is Avalara VAT Reporting (Cloud version)?
Welcome to Avalara, with our VAT Reporting product your business is ready to meet all its VAT compliance needs with minimal effort. This guide serves as an introduction to VAT Reporting, if you already know the key features you can skip ahead to the Company Setup Guide.
What does VAT Reporting do?
VAT Reporting reduces the burden of tax compliance and helps businesses streamline their tax reporting workloads.
We start by using our extractors to process your data, this means no need to run endless reports and copy and paste reams of data, instead the extraction, data consolidation, data validation, and calculation of all filings are done automatically to increase efficiency.
VAT Reporting validates all sales and purchase invoices, automatically prepares VAT returns, logs all changes for a full audit trail, and gives you a single report for all errors that need your attention across all the companies on your records.
VAT Reporting also allows you to meet country-specific filing requirements, file Intrastat, and quickly reconcile intra-company transactions.
As well as all this, VAT Reporting will also help you meet all Making Tax Digital requirements.
Now you know what VAT Reporting is all about, the next step is to get logged in and setup your first company in VAT Reporting.