You have recently imported and added transactions to your TrustFile account and now see a progression of steps and would like to know what they mean.
Processing data - the system is reading the data from the imported transactions and is aligning it with date, price, tax, and location
Determining Tax Rates - determining which states are included in the data set
Grouping Sales - grouping the transactions by the determined states
Calculating Liabilities & Preparing Returns - taking state separated transactions and determining which jurisdiction each aligns to and entering that data onto the appropriate return
The time this process takes can vary depending on the number of transactions included on the import. A large number of transactions can take a significant amount of time to complete all four steps.