GTS help you intergrate with Hangtian Golden Tax System. Provide you with automatic invoices issuing and powerful tax reporting.
Hitpoint GTS solution works as a bridge between your ERP system and Hangtian Golden Tax System, it provide you automatic invoices issuing and powerful tax reporting.
For Multinational Companies operating in China, there are some common issues when they issue VAT invoices
- Double work, client has to key-in invoices data in ERP and Hangtian system twice
- Have to manually split and consolidate invoices
- Unable to link operation data with VAT invoices
- Difficult to generate VAT invoice management reports
- ERP documents not matching VAT requirements
- Complexity in write VAT invoices number back to ERP
- Consolidation and splitting of documents is complicated
In China, output VAT invoices have to be issued in a statutory Hangtian Golden Tax System; input VAT invoices have to be verified in a statutory online tax platform; and tax reporting have to be done in statutory General Tax Reporting System. In the same time, multi-national companies in China usually adopt a global ERP system as a finance management system. The gaps between the finance system and VAT systems cause many additional manual activities in VAT processing. Furthermore, it is difficult for foreign enterprises to obtain regular VAT management reports, reconcile between VAT invoices and operation documents as none of the ERP systems have Chinese VAT management functions. In order to solve these problems, Hitpoint Solution created Hitpoint Golden Tax Solution (Hitpoint GTS). Hitpoint GTS aims to:
- Break barriers between ERP and VAT system; issues invoices directly and reads input VAT data
- Manage VAT and operation data in an integrated platform to generate VAT management reports and reconciliation report with details
- Eliminate manual double works: ensuring data consistency
- Provide user friendly tools for invoices data preparation, such as splitting, consolidation, screening and editing
- Optimize VAT process by reducing activities involved
Hitpoint GTS is an independent module from your ERP system, therefore it would not affect your ERP. With the built-in management tools and data importing and exporting interface, Hitpoint GTS is able to provide you with automatic invoices issuing, tax reporting and invoices-documents reconciliation. The most powerful function of Hitpoint GTS is the reports generation function. It can produce various customized reports to maximize efficiency, by keeping all operation data and invoices data linked in the database.Hitpoint GTS has two versions: Standard and Enterprise. The Standard version is designed for output VAT invoices issuing. The Enterprise version was designed for both input and output VAT; it provides VAT management function, all automatic processes functions and supports customization.