Remove compliance Remove Payment Features Remove Telecommunications
article thumbnail

How to Navigate Thailand’s New VAT Requirements for Sales of Digital Products and Services

FastSpring

To track compliance with this new regime, Thailand’s Revenue Department is maintaining a public list of non-resident digital businesses that register for VAT. Previously, this type of business was not required to register for VAT. To calculate your VAT amount, multiply the service value in Thai Baht by the 7% VAT rate.

article thumbnail

Revenue Recognition: Ensuring Compliance and Accuracy

Blulogix

By BluLogix Team Revenue Recognition: Ensuring Compliance and Accuracy What is RevRec and how does it impact accurate reporting for compliance and financial integrity? The Importance of Accurate Revenue Recognition Revenue recognition refers to the process of recording revenue when it is earned, regardless of when payment is received.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FSM Software: 7 Growth Tips for Field Service Management Software Providers

Stax

While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. The software allows managers to view and modify work schedules, orders, inventory, invoices, customer account records, and other records in the database.

article thumbnail

Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Regulatory Compliance. Minimum usage surcharge.

article thumbnail

Charting the Future: What Are the Emerging Trends in Subscription Billing and Monetization?

Blulogix

Charting the Future: What Are the Emerging Trends in Subscription Billing and Monetization? This blog post explores the emerging trends that are set to redefine subscription billing and monetization, offering predictions for the transformative journey ahead in the digital economy.

article thumbnail

Key Definitions in Subscription Billing: Demystifying the Jargon

Blulogix

Key Definitions in Subscription Billing: Demystifying the Jargon By BluLogix Team Welcome to the fourth installment of our comprehensive guide on selecting the right subscription billing platform. Before we go much further, let’s go deep into essential definitions and concepts in the world of subscription billing.

article thumbnail

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

Automated and recurring payments When it comes to convenience, ACH transfers outshine other modes of payment. One of the main reasons businesses and individuals alike adopt ACH payments is due to the ability to automate recurring payments.