Special Inventory Tax / Licensing and Permits Modules

TaxLedge is ACT's own financial ledger system for tax offices. It links directly to the Tax Collection System and provides for managing disbursements to jurisdictions, taxpayer refunds, check writing, and bank reconciliation. An extensive reporting system is included

Special Inventory Tax

ACT's “Special Inventory Tax” (SIT) module is designed to handle special inventory escrow liability, such as those paid by auto dealerships Funds collected in this system are held in escrow during the current tax year and transferred to the Tax Collection System and TaxLedge at the end of each year. Various reports and letters are available as well.

Products and Reports

Balance Due Letters
Daily Deposit Batch Report
Daily Payment by Deposit Report
Daily Reversals by Deposit Report
Deposit Status Report
Deilinquent Monthly Payment Notices
Late Penalty Notices
Monthly Report
Disbursements - various processes and reports

Licensing and Permits

ACT's “Licensing and Permits” module is being used by Galveston County as a pilot project. All beer, liquor & wine permits are being issued, renewed or reissued with this module. The Texas Alcoholic Beverage Commission (TABC) has accepted the receipts issued by the ACT system to replace the State issued receipts currently required to be on public display at the establishment. Standard accounting and reconciliation procedures are being used to support disbursement of funds to the county and state, or back to the applicant should state approval be denied.
Other types of permits and fees can be cashiered through ACT's Licensing and Permits module. Contact ACT for more information.