United States
Open-source ERP configured for sales and use tax, vendor 1099 records and USD reporting, with a plan your CPA can review first.
Many states require remote sellers to collect sales tax once sales and/or transactions pass a state threshold. Some states use sales OR transactions, others sales AND transactions, and the base may be gross sales, gross revenues, retail sales or taxable sales.
Source: www.streamlinedsalestax.org
File Form 1099-NEC for each person paid at least $2,000 in the course of business for services by someone who is not an employee, including attorney fees. The $2,000 level applies for tax years beginning after 2025 and may be inflation-adjusted from 2027.
Source: www.irs.gov
Form W-9 is used to give the correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS, for example to report income paid to you.
Source: www.irs.gov
Amounts on a US tax return must be in US dollars, so foreign currency income and expenses are translated. The dollar is the functional currency for all taxpayers except some qualified business units, and items are translated at the rate when received, paid or accrued.
Source: www.irs.gov
A summary for orientation only. It is not legal advice.
ERPNext runs several companies, currencies and branches in one instance with shared masters and consolidated reporting. A US parent can report in dollars while a foreign subsidiary keeps its own books.
ERPNext supports tax handling on the documents your team already uses. We build the sales tax set-up from the rules your adviser gives us and test it on your real invoices before go-live.
ERPNext connects with PayPal and other payment gateways, e-commerce platforms such as Shopify and WooCommerce, and cloud storage, using its API and webhooks.
ERPNext has no licence fee. You pay for hosting on Frappe Cloud, a cloud provider or your own servers, plus implementation and support. Frappe does not implement; partners such as TCB Infotech do.
Account tree and naming agreed with your accountant, reporting in USD.
W-9 status and payment category on each vendor, with a year-end review report.
State list, registrations and tax set-up documented before configuration.
Customers, items and open balances moved with validation against your ledgers.
Role-based sessions held online at hours agreed with your team.
Issues and change requests handled through one support route by email.
Yes. ERPNext supports multi-company set-ups with inter-company transactions and consolidated reporting, and it handles multiple currencies. We agree the exchange rate source and entity structure with your finance team before configuration.
ERPNext supports tax handling on documents, and we configure it to the rules your adviser specifies. State rules differ and change, so we document each set-up and mark it for review instead of promising automatic compliance.
The software is free and open source, so there is no licence fee. You still pay for hosting, either on Frappe Cloud, a cloud provider or your own servers, and for implementation, training and support from a partner.
Email and online calls; we work with US teams remotely.
Short answers on sales tax, economic nexus, 1099 and currency.
What vendor records an ERP needs for year-end reporting.
Consolidation and currency basics for US groups.
How economic nexus affects ERP tax set-up.
Free consultation. Write to us or book a call.
