Payers are an integral part of our system, providing essential information for tax form generation and gains calculation. In our system, all user Accounts must be associated with a Payer, and each company can have one or more Payers linked to it. Payer data encompasses various details about the associated company, including company name, address, logo, integration IDs, and accounting methods.
Payers
Payers serve as a bridge between companies and User Accounts in our system. They hold vital information that is utilized for both tax form generation and gains calculation. Payers are associated with a specific company and are responsible for storing and managing the following data:
- Company Name: The legal name of the associated company that will be displayed on the generated forms.
- Address: The physical address of the company, which is used for official correspondence.
- Logo: The company's logo, which can be displayed on the generated forms for branding purposes.
- Integration IDs: Unique identifiers used for integrating with external systems or services, facilitating seamless data exchange.
- Accounting Methods: Defined accounting methodologies used by the company, ensuring accurate calculation of gains and taxes.
Company-Payer Relationship
In our system, each company has one or more Payers associated with it. This relationship enables companies to manage and maintain multiple Payer profiles as required. The association between a company and its Payers allows for effective organization and retrieval of company-specific information during tax form generation and gains calculation processes.
Integration Guidelines
To ensure successful integration and utilization of Payers within our system, please adhere to the following guidelines:
NOTE: Please work with your TaxBit Implementation Manager to have the Payers configured
- Account Association: All user Accounts in our system must be associated with a Payer. When creating or managing user Accounts, ensure that a valid Payer is linked to each Account.
- Company-Payer Mapping: When setting up a company, ensure that one or more Payers are associated with it. This mapping allows the company to leverage the relevant Payer data during form generation and gains calculation.
- Payer Data Management: Keep Payer data up to date and accurate. Changes in company information, such as name, address, or logo, should be reflected in the respective Payer profiles.