Being compliant with various business regulations is fundamental to running a coworking space, especially when dealing with taxing, invoicing, and accounting. Cobot is designed to simplify these complexities so you can focus on growing your community without worrying about administrative headaches.
Cobot’s features help you comply with local laws and regulations, from managing multiple tax rates to meeting electronic invoicing requirements so you can focus on growing your community.
Compliance Tailored to Your Needs
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Managing Multiple Tax Rates and Accounting Standards
- Support for Multiple Tax Rates: Easily handle complex tax systems, such as the combined GST/PST rates in Canada or discounted rates for specific goods, like in Germany.
- Integration with Local Invoicing Standards: Cobot has you covered if you need to meet Italian e-invoicing (Fattura Elettronica) requirements or support Swiss QR Bill payments.
Enhancing Transparency and Accuracy in Financial Records
- Detailed Line Item Tax Information: Meet local accounting laws by including necessary tax info, amounts in words, and other formal details on invoices.
- Immutable Record-Keeping: Cobot allows invoices to be stored in an immutable format, tracking all changes to maintain a complete audit trail. This ensures your invoice
records can meet strict bookkeeping standards.
- Minor Units Rounding: Perfect for currencies like JPY or CHF, where minor unit rounding is essential.
- Invoices with all the details: Be it service periods, net and gross totals, or rounding rules, we
sweat over every detail of our invoices so that everything required by
your country is covered.
Accounting Integration and Data Exporting
- Integration and Exports for Streamlined Accounting: For German coworking spaces, our DATEV integration simplifies tax
reporting by syncing invoices directly with DATEV, ensuring your records align with German standards.
Learn more.
- Exports for Accounting Software: Easily export data for use in Xero Accounting Software or other tools
via the CSV Standard, supporting smooth financial reporting and
simplifying integration with your preferred accounting systems.
Automate Compliance for Operational Efficiency
Our features allow you to automate most aspects of coworking space
management, keeping your workspace in line with local regulations. Here
are some of the ways Cobot makes compliance simple:
- Automated Billing and Reminders: Automate billing cycles with ease, helping you stay on top of invoicing and payments while reducing manual work that is error-prone.
- Flexible Pricing Displays: Show Net or Gross prices on your website as per regional requirements and ensure transparency for your coworkers.
Embedded Terms and Conditions
- Legal Information Where It's Needed: Various laws govern where and what information you need to show. Cobot automatically provides links to terms and conditions, privacy policies,
and other essential legal documents right where they’re needed—on your
website, during checkout, and in emails. This ensures that your members
are fully informed and helps you comply with local legal requirements
effortlessly.
Credibility Through Experience and Constant Improvement
As a German company, Cobot has been built from the ground up with
compliance in mind, making it the trusted solution for coworking spaces
around the globe. Over the years, our reporting and features have been challenged, reviewed, and improved by customers from all over the
world. With continuous updates and new features based on industry
feedback, you’ll always have the tools to stay compliant with various
rules and regulations.
Ready to Simplify Compliance?
At Cobot, we’re committed to making compliance as straightforward as
possible. Let us handle the complex details so you can focus on what you
do best—building and growing a vibrant coworking community.
