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Modular Information Systems Support FAQ (Frequently Asked Questions)
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Category: Main -> Vintners Advantage -> Compliance
| Answer | · How accurate are the 702’s in the real world?
The 702 reports that are being prepared for the Vintage software rely upon the accuracy of the data in Inventory transactions. Proper review of transactions, monthly inventory counts, review of the cellar work order operation codes will eliminate data errors. Top
| · Can the tax class of wine be easily changed, if at all, once entered?
Tax classes are associated with each tank of wine. Tanks can be reclassified into a new Tax Class. Top
| · Please describe setting up the system so that it properly generates a 702 report (for example, is the tax class column automatically determined by the alcohol currently showing for that tank, or do we need unique transaction types to blend 14-21% wine int
The Compliance tracking complies with Government requirements, both State and Federal. Each work order has an operation code that is mapped to the 702 TTB form. Each tank has a before and after tax class. Every casegoods inventory transaction affects the 702 inventories. This is accomplished through the use of Operation codes and tax classes on work orders and inventory transactions. Each Operation code contains special Form 702 coding. In conjunction with these, a series of Tax Class codes when the wine is produced. Top
| · Is a detailed report available which allows for auditing of the 702?
Yes. It can be generated at month end, or at any time in the month to check your transactions. Top
| · Can the system generate the real 702 form?
We can print the 8 ½ x 11 702 form and the large format 702 form on a laser printer. Top
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