DAVO Integration Guide for POS Systems
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Sales tax returns: one of the most loathsome tasks for retail and hospitality businesses. Not only must you part ways with your precious earnings, but you also have to work your way through a long trail of sales data to calculate precisely how much money you owe.
Fortunately, various software has been developed in recent decades to simplify this process. One such tool is DAVO, a leading sales tax solution that automates the collection and reporting of taxes on sales of goods and services by integrating with a business’ POS system.
Using DAVO, retailers can completely avoid regular headaches with their sales tax returns. Below, you’ll learn how this invaluable tool works with POS systems as well as what benefits DAVO’s POS integrations can bring to your business.
Why Connect Your POS System With DAVO Sales Tax Software?
The reasoning for synchronizing DAVO with your POS system is two-fold: save time and eliminate errors when filing your sales tax returns. The right POS integration takes the entire sales tax process out of your hands so that you can focus your energy elsewhere.
Here’s an overview of the main features of a DAVO-POS integration:
- Automatic sales tax management
- Automatic sales tax filing
- Sophisticated security features
- Live support
- Regular reporting
Running a business is hard enough, and that’s before you factor in the time and effort that goes into managing your taxes. With DAVO, you can finally wave goodbye to manual filing and be certain that your sales tax returns are completely accurate.
5 Key Benefits of a POS System With DAVO Integration
We’re just scratching the surface of DAVO’s functionality—let’s dive into greater detail about the software’s key features and how they can transform your business’ sales tax filing process.
1.  Smart Sales Tax Collection
Once you’ve finished setting up the integration, sales data from your POS system will transfer automatically over to your DAVO sales tax account. For every single transaction, DAVO calculates the exact amount of sales tax and stores the information accordingly.
Transactions from your POS software are tallied up every 24 hours in order to set aside your sales tax funds daily. This total is then moved to DAVO’s safe and secure tax holding account until sales tax remittance is due.
2.  Hassle-free Sales Tax Remittance
Whether you pay sales tax monthly, quarterly or annually, DAVO’s automated filing and remittance tools ensure that it will be paid to the state or local authority on time and in full. All of this happens behind the scenes, with no user input required.
When the taxman comes knocking, DAVO automatically files and pays your tax on your behalf using the funds that have been set aside each day in your secure holding account. DAVO will also send you all the documents you might need for clerical purposes via email notification.
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3.  Bulletproof Security
Security is at the core of DAVO sales tax software. The product uses a range of industry-leading practices to ensure that your business data remains in safe hands. This includes secure encryption on all account information as well as cloud backups for rapid data recovery.
The tax holding account is kept separate from your general operating funds. In addition, DAVO uses the latest SSL technology for all web interactions between your POS system and DAVO’s software. Finally, DAVO will file monthly reports for full transparency over your tax obligations.
4.  Guaranteed Tax Fulfillment
With the right DAVO-POS integration, you’ll no longer need to stress when your state or local monthly sales tax rolls around. DAVO guarantees customers that their sales taxes will be paid in the full amount and always on time.
Provided you notify the software when your business needs to complete its state filing forms as well as what sales tax codes it’s subject to, DAVO does the rest. If you do run into problems, live support from the DAVO team is available to resolve any issues.
5.  More Time for the Stuff That Matters
Nobody gets into business to do tax returns. Integrating DAVO sales tax software with your POS system will mean you no longer have to concern yourself with calculating how much sales tax your business owes, knowing when to file or having the money available when it’s time to pay.
Not only will you be sparing yourself one of the most boring tasks in business, but you’ll also be freeing up time to spend on more meaningful projects like market research or customer experience strategy that can really take your company to the next level.
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Which DAVO Integration is Best for Your Business?
There’s no shortage of POS systems that integrate with DAVO. DAVO’s basic functionality is more or less the same across all connected POS systems, so any purchasing decision you make will need to consider the wider strengths and weaknesses of each piece of POS software.
Factors to bear in mind when selecting the right POS system for your retail or hospitality business include budget, current requirements based on sales activity and number of locations, and the scalability of your business.
If you’d like to take the next step in upgrading your POS software, we’re here to help. All you need to do is answer a few short questions about your business here, and our consultants will get back to you with a range of competitive quotes for suitable POS systems, completely free.
Is DAVO Compatible With My POS System?
DAVO’s sales tax management software is compatible with dozens of POS systems on the market today, including the majority of the most popular POS systems. If you’re unsure whether a certain POS system integrates with DAVO, you can contact DAVO on the company’s website.
How Do I Integrate My DAVO Account With My POS System?
Connecting your DAVO account with your POS system is a very simple setup. After downloading DAVO to your POS ecosystem, configure the appropriate sales tax rate for your business and fill in some information about your company. That’s it; DAVO then does the rest.
What are the Benefits of a DAVO Integration For My POS System?
A DAVO integration for your POS system will manage sales tax on your behalf, saving you hours of labour every month and ensuring your business’ tax obligations are met without error. With your entire sales tax management process handled by DAVO, you can invest more time in the tasks that will drive growth in your business.
