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Basware Launches Solution to be Compliant with China Fapiao Regulations


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Basware now offers a fapiao-compliant e-invoice receiving and validation solution. Through its partner, Shanghai Yodoo Information & Technology Co., Basware can connect its network to the Golden Tax System, allowing for effortless validation of all local VAT invoices against the GTS interface.
“This milestone provides a huge sigh of relief for our customers because so many conduct business with China and have always struggled to efficiently process and validate fapiaos,” states Sami Nikula, Director Network Services, Basware. “This solution eliminates the burden for AP staff and allows them to uniformly process all their invoices, regardless of country of origin. Business dealings know no borders, so we have put the onus on ourselves to serve as the invoice regulation and compliance experts for our customers so that they don’t have to essentially enabling a ‘set it and forget it’ process. We are excited about the number of customers a ....

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Why it is Essential for Technology to Power Your Company's Accounting


Why it is Essential for Technology to Power Your Company’s Accounting
Why it is Essential for Technology to Power Your Company’s Accounting
March 2, 2021 Posted by China Briefing
Written by
Adam Livermore
Reading Time:
10 minutes
A tech-powered accounting solution means the use of information technology to optimize the basic business processes. It can be achieved through integrated software solutions which could be set up by the company itself, via the software as a service (SaaS) approach, or other cloud-based approach.
Without the use of accounting technology in your China operations today, your organization will remain reliant on the in-house accounting team or service vendor to maintain its tax compliance. This may be an inefficiency that your organization can no longer afford to sustain operationally or financially, depending on the nature of your local business. ....

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