ERP solutions for precise Georgia tobacco tax reporting
The Georgia state of the USA has legalized the use of CBD and low-THC cannabinoid oil for medicinal purposes. On April 16, 2015, the state passed a bill favouring the lawful use of cannabis for people above the age of 21. However, every business which is engaged in tobacco selling needs to upkeep records of vending, selling, purchasing, and inventory of tobacco products. It is essential for Georgia tobacco tax reporting and filing as the state has levied the tax on every tobacco product. However, consolidating the required information about taxes is what the tobacco companies and outlets find challenging. Therefore, a sound solution is needed to optimize tax and regulatory compliance for tobacco sellers in Georgia.
ERP solution for ease of tax submission and reporting
An MSA report is required for precise tax computation for tobacco businesses. It includes information about tobacco items such as dry herbs, oils, vapes, etc. which are sold and stocked by the outlets. Also, the report consists of revenue earned and taxes charged on each item billed in the name of consumers. In order to gather such information in a seamless way, ERP by The GuruWay is a proven supportive application. It is designed by Georgia tobacco tax experts to mitigate the challenges of easy filing of taxes and preparing MSA reporting.
Prepare correct MSA reporting efficiently
In order to rationalize the information about taxes, income, and revenue generation, tobacco sellers have to build reports. But, due to mismatching paper systems, individualized spreadsheets, and basic accounting systems, it takes too much work to consolidate the information hassle-free, faster, and efficiently. ERP system is a definitive solution to automate the process across tobacco companies and medical dispensaries. It renders the finest Georgia tobacco tax reporting services by linking and automating processes of warehousing, accounting, invoicing, counter sales, etc. Thus, ERP can store data and centralise it for fast and secure access by the tobacco taxpayers.
Report taxes in the correct formats
For many tobacco companies, finding the accurate format for Georgia tobacco tax reporting is a cumbersome chore. It actually demands that all the data be collected and downloaded individually to make a correct report. But the manual process takes a long time which makes the tasks so much tiring. That’s why our ERP software provides the right solution at your disposal by helping you to get the correct format to submit MSA reporting. You don’t need to collect all the information individually by scrolling the manual sales reports, taxes on each tobacco product, etc. However, the ERP calculates and gathers all data in one place to help in making faster reporting. You can download the format for reporting as per the type of tobacco merchandise and can present the report in no time.
Have more flexibility
ERP system gives you more flexibility in Georgia tobacco tax reporting services. You can use this system across multiple tobacco-selling locations and get centralized information with its cloud integration.
