DAVO by Avalara has partnered up with accounting automation platform Bookkeep to help accountants and merchants save even more time and avoid costly fines and audits. The new integration combines the benefits of Bookkeep’s daily sales reconciliation and real-time reporting with DAVO by Avalara’s end-to-end sales tax automation.
Bookkeep customers will now have the option to add sales tax automation to their account for complete end-to-end revenue accounting and sales tax payments. Bookkeep, which integrates with more than 40 sales, ecommerce and payment channels, will automatically send daily sales data to DAVO to manage the entire sales tax process — from setting sales tax aside daily, to filing and paying when due.
“Bookkeep offers connections to popular POS and ecommerce channels and we are thrilled to work together to offer a solution that saves accountants and merchants time and money.”Peter Murray, general manager of DAVO by Avalara
“So many businesses get in trouble because they end up using money they don’t have. They see the cash in their checking account and falsely view it as revenue without properly allocating for sales tax,” said Jason Richelson, CEO & co-founder of Bookkeep. “For accountants, making sure sales tax is paid every month is one of the biggest risks. It becomes even more complicated when an online retailer uses multiple sales and ecommerce systems because while some will do the calculations for you, none will file and pay these taxes. Add several store locations on top of this and it becomes a logistical nightmare. It’s up to the accountant to manage this process, and that’s why many decide to not work with ecommerce clients – for them it’s not worth the headache and risk.”
Through the partnership, bookkeepers and accountants will have one central platform to automate daily financial data into accounting systems like QuickBooks and Xero and sales tax from every point-of-sale and ecommerce channel.
“We’ve helped thousands of brick-and-mortar retailers and restaurants streamline their sales tax management, and now with our partnership with Bookkeep we’ll be expanding our service to more industries, including omnichannel support,” said Peter Murray, general manager of DAVO by Avalara. “The demand for this is clear as we’ve seen growing requests from customers for additional integrations. Bookkeep offers connections to popular POS and ecommerce channels and we are thrilled to work together to offer a solution that saves accountants and merchants time and money.”
The new Bookkeep sales tax automation powered by DAVO will be available in Q1 2023. For more information, visit bookkeep.com/sales-tax-automation.