Zytax GL Recon

The GL Recon Solution offers Zytax clients an automated tool for identifying mismatched fuel transactions in support of the reconciliation effort. The GL Recon application is used to automatically evaluate each transaction and identify variances between postings in the general ledger and what has been reported to the tax authority.

This saves tax analysts from manually computing and investigating detailed transactions for mismatched BOL data. This freedom ultimately optimizes productivity and minimizes tedious tasks.

Key Features:

• Closed-loop audit trail from the system of record to the compliance reporting system
• Statistical reporting
• Excel-powered reporting
• Configurable customer profile exemptions and exceptions accounting
• Robust error identification for mismatched transactions
• Provides capability to reconcile at both the summary and detailed level

Benefits:

• Saves time and money by auditing several manual steps
• Verifies the tax calculation in the accounting system
• Verifies the rates used to calculate excise taxes
• Verifies the interface data delivery process between the accounting system and Zytax Enterprise Compliance Solution
• Verifies accounts payable values
• Improves productivity