Avalara has introduced Transfer Pricing Reports for Accountants. The indirect tax software company this week said the product is designed for use by both transfer pricing experts and non experts at accounting firms.
The system automates the production of U.S. and OECD transfer pricing reports, documenting the process andenabling firms to produce reports for clients in three steps: data collection, documentation review and report generation.
The application creates templated reports by combining predetermined, fixed benchmarks with a guided questionnaire, which prepopulates data based on transaction types selecied.
Transfer Reports covers both local file and master file for countries that have adopted OECD guidelines. Built-in databased on best practices from publicly available data, covering the Americas, Europe, and Asia. Reports included built-in, noneditable date and time stamps, benchmark-related appendices, and analysis.
The software also offers management tools with built-in visibility and tracking.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
