Understanding PeopleSoft Tax Solutions

This section discusses:

• Comparing PeopleSoft tax tables to third-party tax suppliers.

• Understanding tax integration technologies.

PeopleSoft Billing supports the use of five sales and use tax solutions: PeopleSoft Tax Tables and two solutions each from the suppliers Vertex and Taxware. PeopleSoft Tax Tables, included with PeopleSoft Billing, meets simple sales tax requirements but requires you to maintain tax rates. Provided interfaces enable PeopleSoft Billing to use two third-party tax suppliers: Taxware and Vertex. These suppliers provide solutions to the most complex sales tax requirements and maintain tax rates for you.

Note:

If you use Taxware Sales and Use Tax, the Taxware STEP and Verazip modules are optional but recommended. Check with the tax suppliers for the versions of their software that are available for the different releases of PeopleSoft.