ONESOURCE Indirect Tax vs. DAVO Sales Tax

ONESOURCE Indirect Tax from Thomson Reuters is a cloud-native platform that helps organizations automate indirect tax determination, compliance, reporting, and e-invoicing across global jurisdictions. Combining trusted tax content with powerful automation, ONESOURCE enables businesses to accurately calculate VAT, GST, sales and use tax, and excise tax while keeping pace with changing regulations.

DAVO automatically sets aside the exact amount of sales tax you collect each day using data from your POS system. It then files and pays your sales tax on time and in full — guaranteed*. By integrating seamlessly with your point-of-sale (POS) system, DAVO automatically sets aside the exact amount of sales tax collected each day, ensuring compliance and reducing the administrative burden on business owners. This innovative tool is particularly beneficial for small to medium-sized businesses that may lack the resources to manage tax obligations effectively.