Each filing period, 4 reports will be shared with you so that you can make sure that Sovos’ calculations and records match yours. All reports will be located in the Reports Folder on the STS Portal. The preparer will notify you in a case comment when each report is available.
After receiving a report, review the contents within 24 hours so that the preparer can advance the return to the next phase and file it on time. After 24 hours, the preparer will move forward with the report if you haven't provided any comments.
Preference Report
This report, generated on the first day of the month, is a list of returns that are set up for your organization. It includes all returns configured for filing when the report is generated regardless of the filing period, so you can make sure that nothing is missing before the filing process begins.
Compliance Detail Report
Within 48 hours of receiving your data, you'll receive the Compliance Detail Report, which includes your summary totals. Make sure that the tax amounts in this report match your tax calculations.
Unmarked Data Report
Some of the data you uploaded may not be associated with any returns. The Unmarked Data Report, which is sent with the Compliance Detail Report, shows which invoices haven't been included in the current filing period’s returns.
Tax Filed Report
This is the final report shared each month, providing an overall review of the monthly filing period. It shows the data received and how it was broken out, which credits were released or held, and any manual adjustments or allocations made by the preparer.
The Tax Filed Report contains multiple tabs:
Reconciliation
Gives an overview of data for the current month’s returns.
Current Period Returns
Gives a more detailed view of the current month’s data. Each row includes amounts for a specific return.
Data on Hold
Data not included on a return.
Like the other reports, you should review the Tax Filed Report within 24 hours of receiving it. After 24 hours have passed, Sovos will move forward with filing the returns.
You'll receive a PDF copy of each of your returns along with the Tax Filed Report in the Returns Folder of the STS Portal.