Monthly Tax & Compliance Summary for Finance
Prepare for tax filing with automated monthly summaries.
Nora compiles monthly sales tax, income data, and expense summaries from Odoo, preparing tax-ready reports that save your accountant hours of data gathering.
At the end of each month, Nora generates a comprehensive tax summary from Odoo including: total revenue by tax jurisdiction (for sales tax), expense breakdown by category (meals, travel, equipment for deductions), contractor payments over $600 (1099 tracking), and international sales (for tariff/trade reporting). The report is saved as a PDF and emailed to your finance team and accountant, pre-formatted for tax filing. Tax prep starts from a categorised summary rather than from a year of raw transactions. Deductible spend is categorized while the receipts still make sense, so filing is a review rather than a reconstruction.
Runs monthly on last day of month at 11:00 pm using Odoo, run by your Finance Manager.
How it works
- Query Odoo for all invoices and revenue for the month
- Calculate sales tax liability by jurisdiction and tax rate
- Compile all expense records and categorize by deduction type
- Identify contractor payments over $600 for 1099 tracking
- Separate revenue by domestic/international for tariff purposes
- Generate formatted PDF report and email to finance and accountant
Frequently asked questions
What does "Monthly Tax & Compliance Summary for Finance" do?
Nora compiles monthly sales tax, income data, and expense summaries from Odoo, preparing tax-ready reports that save your accountant hours of data gathering.
How long does setup take?
Under 5 minutes. Connect your tools and Nora handles the rest.
Which tools does this use?
Uses Odoo, run by your Finance Manager.
How much time does this save?
Saves approximately 8 hours/month, running monthly on last day of month at 11:00 pm.
Connects to
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