Remove blog accounting what-is-escrow
article thumbnail

Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. –

article thumbnail

Three key takeaways from our Xerocon Sydney blockchain session

Xero

Take for instance, a shipment that’s arrived on-shore – payment would be automatically released from escrow. A public blockchain is like a universal accounting ledger where all parties transacting in the ecosystem have agreed to use the same transparent reporting standards across all entities.