Generating tax-ready summaries

Purpose

1.1. Automate the compiling, organizing, and formatting of financial data (sales, expenses, payroll, taxes) for Mongolian barbecue restaurants into tax-ready summaries.
1.2. Automatedly integrate POS, accounting, payroll, and inventory data to automate reconciliation and report generation.
1.3. Automate categorization of income and expenditure to fit tax authorities' schemas and automatically generate quarterly/annual tax reports.
1.4. Automating the detection of anomalies in financial records and generating automated alerts for review before summary finalization.

Trigger Conditions

2.1. Automated trigger on the final day of every fiscal month/quarter/year.
2.2. Automation initiated on manual request (button click in dashboard).
2.3. Scheduled time-based automation (e.g., every Sunday at 11:59 PM).
2.4. Automator reacts to completion of payroll run or sales reconciliation.

Platform Variants

3.1. QuickBooks Online
• API: Reports API → automate fetching P&L, Balance Sheet, Tax Summary by date range.
3.2. Xero
• Endpoint: /reports endpoint → automate Tax or Financial Summary generation.
3.3. Square POS
• API: ListTransactions, ListPayments → automate transaction extraction for summary.
3.4. Toast POS
• Reports API → automate sales, tax, and tip reporting extraction.
3.5. Revel Systems
• API: Financial Summary Report endpoint → automate pulling sales and tax breakdown.
3.6. Gusto
• API: Payroll Reports endpoint → automate extracting payroll, tax withholding details.
3.7. ADP Workforce Now
• API: General Ledger and Payroll Summary → automate payroll-tax summary.
3.8. Sage Intacct
• API: getGL Account Balance, getTaxDetails → automate financial/tax record collating.
3.9. Zoho Books
• API: Reports endpoint → automate generating and retrieving tax and summary reports.
3.10. FreshBooks
• API: Accounting Reports endpoint → automate P&L and Expense categorization.
3.11. Oracle NetSuite
• API: Financial Reports SuiteQL → automate summarized extracts for tax.
3.12. Microsoft Dynamics 365
• Finance API, Reports endpoint → automate report fetch for tax filing.
3.13. SAP Business One
• Service Layer API: Financial reports → automate direct export for tax summaries.
3.14. Wave Accounting
• API: Reports → automate tax and income statement pulls.
3.15. Paychex Flex
• Reports API → automate retrieval of pay and withholding summaries.
3.16. BambooHR
• Reports API → automate custom report export (e.g., PTO affecting payroll).
3.17. Stripe
• Reports API → automate pulling all payouts and fee breakdowns for summaries.
3.18. Plaid
• Transactions API → automate restaurant bank/merchant inflow/outflow categorization.
3.19. Hubdoc
• Automated Data Extraction (OCR) → automate receipts/documents into tax fields.
3.20. Expensify
• Reports API → automate categorization and summary of restaurant expenses.
3.21. Google Sheets
• Sheets API: automate merging transactional CSVs into fiscal summaries.
3.22. Dropbox
• Files API: automate document archiving for tax audits.
3.23. DocuSign
• eSignature API: automate approval workflows for finalized summaries.
3.24. Zapier
• Automator tool: automate multi-app data sync and summary collation (using logic flows).
3.25. Slack
• Workflow Builder: automate auto-alert to accountant once summary is ready.

Benefits

4.1. Automates time-consuming manual compilation, reducing human error.
4.2. Automates reconciliation across multiple data sources for comprehensive summaries.
4.3. Enables real-time, automated access to tax-ready documents for audits or filings.
4.4. Automator ensures compliance by automating categorization to tax authority standards.
4.5. Automation increases reporting frequency, supporting proactive financial decision-making.