The issue of printing invoices in our tax machine was addressed by Tax PLUS VAT in such a short time. Meanwhile, the devotion and high efficiency of Hitpoint staff left a deep impression on us. All in all, it is a pleasant cooperation.
Tax PLUS VAT(Value Added Tax) helps you to integrate with Hangtian Golden Tax System, providing you with automatic invoice issuing and powerful tax reporting.
Tax PLUS VAT works as a bridge between your ERP system and Hangtian Golden Tax System, it provide you automatic invoice issuing and powerful tax reporting.
For Multinational Companies operating in China, they face many common challenges when issuing VAT invoice
- Double work, user has to key-in invoice data both in ERP system and Hangtian system
- Manual invoice splitting and consolidating
- Unable to link operation data with VAT invoice
- Difficult to generate VAT invoice management reports
- ERP documents unable to match VAT requirements
- Complex in writing VAT invoice number back to ERP
- Consolidation and splitting of documents is complicated
In China, output VAT invoice has to be issued in the statutory Hangtian Golden Tax System; input VAT invoice has to be verified in a statutory online tax platform; and tax reporting has to be done in statutory General Tax Reporting System. At the same time, multi-national companies in China usually adopt a global ERP system as their finance management system. The gap between the finance system and VAT systems causes many additional manual work in VAT invoice issuing. Furthermore, it is difficult for foreign enterprises to generate regular VAT management reports, reconcile between VAT invoices and operation documents from global ERP system as none ofglobal ERP systems have Chinese VAT management function. In order to solve these problems, Hitpoint Solution proposed Tax PLUS VAT. Tax PLUS VAT aims to:
- Break barriers between ERP system and VAT system, directly issuing invoice and reading input VAT data
- Integrate VAT data and operation data in one platform to generate management reports and reconciliation reports
- Eliminate the manual double work, ensuring data consistency
- Provide user friendly tools for invoice billing such as splitting, consolidation, screening and editing
- Optimize VAT process by reducing activities involved
Tax PLUS VAT is an independent module from ERP system. Therefore, it would not affect your ERP. With the built-in management tools and data importing and exporting interface, Tax PLUS VAT is able to auto bill invoice in batches, to offer tax reporting and invoices-documents reconciliation. One of the most powerful feature of Tax PLUS VAT is the reports generating function. It can produce various customized reports to maximize efficiency by integrating all operation data and invoices data in the database.
Tax PLUS VAT has two versions: Standard Version and Enterprise Version. The Standard version is designed for output VAT invoices issuing. The Enterprise version is designed for both input and output VAT. They both provide VAT invoice management function, automatic invoice billing and customization.
