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The Virtual Resort Manager ™ system provides full functionality for
managing both sales taxes and local/county/state room taxes. Taxes are calculated
individually by reservation and transaction, assuring accurate calculation.
The built-in reporting functions conveniently break taxes down by tax
type and by the jurisdiction to which the tax is due, and the system creates
appropriate checks for each, making settlement a quick and simple matter.
All you do is run the reports, transfer the information to any official
forms you are required to file, print the checks and put the package in
the mail.
VRM also automatically manages many special taxes, such as the Gatlinburg
Owners Gross Receipts Tax and the Hawaii Gross Excise Tax. Prompt payment
discounts calculated as a percentage of tax due are also fully supported,
as are taxes with special time limitations, such as those found in Georgia.
Future tax rate changes can also be entered in the system, and are correctly
calculated for the appropriate future reservations.
The system permits application of the appropriate sales/room taxes on
appropriate charges and fees down to the individual property level, making
it a simple matter for clients operating in multiple jurisdictions to
accurately track taxes.
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