Consolidated Billing By Lirik Inc. vs Sovos E-Commerce EU VAT Reporting (OSS/IOSS) for SuiteTax

Lirik’s Consolidated Billing is a powerful solution for automated or manual consolidation, payment and complete billing process. The Consolidated invoice that is created provides line item detail; does not hit the general ledger; is not included in forecasting and provides total summary information automatically in the header of the Consolidated invoice.

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.