Simply-Does-IT - Liquidity Manager vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Liquidity Manager uses two concurrently operating calendars enabling the system to make long and short term forecasts from the same dataset. Periodic rollovers and forecast generation is completely automatic so that your always looking at the latest view of income, expenditure and cash availability. Liquidity Manager is a 'Native NetSuite' development that adds powerful, fully integrated cash flow planning to NetSuite financial accounting including daily, weekly, monthly and annual income and expenditure forecasts. It's been developed for those organisations with high susceptibility to business cycles and seasonality patterns such as manufacturers with long delivery lead times, distribution companies with extended supply chains, project businesses with lumpy income or expenditure streams, and start-ups with high 'cash burn' rates. Tight integration with NetSuite balances and transactions is achieved using continuous background processing and data synchronisation. NetSuite roles, permissions and security are used throughout the bundle.

The EU E-Commerce VAT package came into force 1st July 2021. The rules require an expanded number of businesses to account for local VAT in the countries where they make B2C sales. Sovos offers a comprehensive Managed Service covering all relevant schemes: Union OSS, non-Union OSS and IOSS. This includes acting as Intermediary if required, easing the burden of the EU E-Commerce VAT Package and helping you to understand the right solution for your business. Extend your global reach without fear of noncompliance by leveraging our Built for NetSuite integration.