{"id":52712,"date":"2024-01-19T15:39:23","date_gmt":"2024-01-19T14:39:23","guid":{"rendered":"https:\/\/tickelia.com\/demo_2023\/?p=52712"},"modified":"2024-02-07T09:59:44","modified_gmt":"2024-02-07T08:59:44","slug":"ebitda-calculate","status":"publish","type":"post","link":"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/","title":{"rendered":"What is EBITDA and how is it calculated?"},"content":{"rendered":"\n<p><strong>EBITDA may sound like complicated financial jargon, but it is actually an essential tool that gives us a clear view of a company&#8217;s operational health, without the distractions of financial and tax expenses. If you&#8217;ve ever wondered exactly what this acronym means and how it is calculated, you&#8217;ve come to the right place.<\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Tabla de contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#1-what-is-ebitda\" >1. What is EBITDA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#2-characteristics-of-ebitda\" >2. Characteristics of EBITDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#3-how-is-ebitda-calculated\" >3. How is EBITDA calculated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#4-what-are-the-differences-between-ebitda-ebt-and-ebit\" >4. What are the differences between EBITDA, EBT and EBIT?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#41-ebitda-earnings-before-interest-taxes-depreciation-and-amortization\" >4.1 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#42-ebt-earnings-before-taxes\" >4.2 EBT (Earnings Before Taxes)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#43-ebit-earnings-before-interest-and-taxes\" >4.3 EBIT (Earnings Before Interest and Taxes)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#5-what-happens-if-ebitda-increases\" >5. What happens if EBITDA increases?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/tickelia.com\/demo_2023\/en\/blog\/news\/ebitda-calculate\/#6-ebitda-and-vat-recovery\" >6. EBITDA and VAT recovery<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1-what-is-ebitda\"><\/span><strong>1. What is EBITDA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EBITDA is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, which in English translates to \u00abEarnings Before<strong>Interest, Taxes, Depreciation, and<\/strong>Amortization\u00bb. It is a financial metric used to <strong>assess a company&#8217;s <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/contabilidad-y-fiscalidad\/cierre-contable-de-tu-empresa-paso-a-paso\/\" target=\"_blank\" rel=\"noreferrer noopener\">operating profitability<\/a><\/strong> before taking into account the effects of financing, taxation and accounting decisions related to depreciation and amortisation.<\/p>\n\n\n\n<p>EBITDA is particularly useful because:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>It provides a clear view of operating profitability:<\/strong> By excluding interest, taxes, depreciation and amortisation, EBITDA provides a picture of how the company&#8217;s core business is performing, without taking into account <strong>financial, tax and accounting factors <\/strong>that can vary considerably between companies.<\/li>\n\n\n\n<li><strong>Facilitates comparison between companies:<\/strong> Because it eliminates certain non-operating expenses and accounting decisions, EBITDA can be a <strong>useful tool for comparing the <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/contabilidad-y-fiscalidad\/como-lograr-conciliacion-bancaria-correctamente\/\" target=\"_blank\" rel=\"noreferrer noopener\">profitability<\/a> of different companies<\/strong>, especially within the same industry.<\/li>\n\n\n\n<li><strong>It is a cash flow indicator:<\/strong> Although not a perfect substitute for operating cash flow, EBITDA can be a <strong>proxy for a company&#8217;s ability <\/strong>to generate cash from operations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2-characteristics-of-ebitda\"><\/span><strong>2. Characteristics of EBITDA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EBITDA is a financial metric widely used to assess a company&#8217;s operating profitability. Below are some of the key characteristics of EBITDA:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Operating Profitability Measure: <\/strong>EBITDA <strong>focuses on <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/digitalizacion\/automatizacion-contable-seguridad-facturas\/\" target=\"_blank\" rel=\"noreferrer noopener\">earnings generated<\/a><\/strong> by a company&#8217;s core operations, excluding the effects of financing, taxation and accounting decisions related to depreciation and amortisation.<\/li>\n\n\n\n<li><strong>It is not a measure of cash flow:<\/strong> Although EBITDA may be similar to operating cash flow, it is not the same. <strong>EBITDA does not take into account changes in working capital or capital expenditures<\/strong>.<\/li>\n\n\n\n<li><strong>Fiscal and Financial Neutrality:<\/strong> By excluding interest and taxes, <strong>EBITDA eliminates variations that may arise due to different financing structures <\/strong>or tax regimes between companies.<\/li>\n\n\n\n<li><strong>Exclusion of Depreciation and Amortisation:<\/strong> By excluding depreciation and amortisation, <strong>EBITDA does not reflect the wear and tear on <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/contabilidad-y-fiscalidad\/debe-y-haber-que-son\/\" target=\"_blank\" rel=\"noreferrer noopener\">fixed assets<\/a><\/strong> or the reduction in value of intangibles. This can make companies with large investments in fixed assets appear more profitable than they really are.<\/li>\n\n\n\n<li><strong>Comparability: <\/strong>Because it eliminates certain non-operating expenses and accounting decisions, EBITDA can be <strong>useful for comparing the <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/gestion-de-gastos\/fuerza-ventas-motivacion\/\" target=\"_blank\" rel=\"noreferrer noopener\">operating profitability<\/a><\/strong> of different companies, especially within the same industry.<\/li>\n\n\n\n<li><strong>Sensitivity to Accounting Decisions: <\/strong>Although <strong>EBITDA eliminates the effects of depreciation and amortisation<\/strong>, it is still sensitive to other accounting decisions that can affect net income.<\/li>\n\n\n\n<li><strong>Non-GAAP:<\/strong> In many countries, EBITDA is not a GAAP measure. Therefore, companies may calculate it in different ways, which <strong>can make direct comparisons difficult<\/strong>.<\/li>\n\n\n\n<li><strong>Debt Capacity Indicator:<\/strong> Often used in corporate finance to assess a company&#8217;s ability to take on and manage debt. A high EBITDA can indicate that a company has <strong>greater leeway to manage its debt service<\/strong>.<\/li>\n\n\n\n<li><strong>Can be manipulated:<\/strong> Like any financial metric, EBITDA can be subject to manipulation. Companies can sometimes inflate their EBITDA <strong>through aggressive accounting practices<\/strong>.<\/li>\n\n\n\n<li><strong>Does not reflect capital expenditures: <\/strong>Because EBITDA does not take into account depreciation, it does not reflect the investments necessary to maintain or expand the business.<\/li>\n\n\n\n<li>It is essential to understand these characteristics when using EBITDA in financial analysis and to be aware of its limitations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3-how-is-ebitda-calculated\"><\/span><strong>3. How is EBITDA calculated?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EBITDA <strong>is calculated from information<\/strong> found in a company&#8217; <strong>s income statement<\/strong>. The basic formula for calculating EBITDA is:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>EBITDA = Operating Profit (or EBIT) Depreciation Amortisation Amortisation<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>However, if you do not have operating profit or EBIT directly, you can also calculate EBITDA from net profit by adding <strong>interest, taxes, depreciation and amortisation<\/strong>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>EBITDA = Net Profit Interest Taxes Depreciation Depreciation Amortisation<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>Here is the explanation of each component:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Net Profit: <\/strong>The profit remaining after deducting all expenses, including interest and taxes, from total revenue.<\/li>\n\n\n\n<li><strong>Interest: <\/strong>This is the <strong>cost associated with the company&#8217;s debt<\/strong>. It can include interest on loans, bonds and other forms of financing.<\/li>\n\n\n\n<li><strong>Taxes: <\/strong>Refers to <strong>income taxes that the company must pay<\/strong>.<\/li>\n\n\n\n<li><strong>Depreciation: <\/strong>The reduction in the value of tangible assets (such as machinery or buildings) over time. This reduction is recorded as an <strong>expense in the income statement<\/strong>.<\/li>\n\n\n\n<li><strong>Amortisation: <\/strong>Similar to depreciation, but applies to intangible assets, such as <strong>patents or cop<\/strong>yrights.<\/li>\n<\/ul>\n\n\n\n<p>It is important to mention that EBITDA is a <strong>metric that provides an overview of a company&#8217;s <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/contabilidad-y-fiscalidad\/cuando-presentar-factura-sin-iva\/\" target=\"_blank\" rel=\"noreferrer noopener\">operating profitability<\/a><\/strong>, but it should not be the only indicator used when assessing the financial health of a company. It is essential to consider a variety of metrics and factors when making investment decisions or financial analysis.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1920\" height=\"900\" src=\"https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion-.jpg\" alt=\"EBITDA qu\u00e9 es\" class=\"wp-image-46981\" title=\"\" srcset=\"https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion-.jpg 1920w, https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion--300x141.jpg 300w, https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion--1399x656.jpg 1399w, https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion--150x70.jpg 150w, https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion--768x360.jpg 768w, https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2023\/09\/EBITDA-definicion--1536x720.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4-what-are-the-differences-between-ebitda-ebt-and-ebit\"><\/span><strong>4. What are the differences between EBITDA, EBT and EBIT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EBITDA, EBT and EBIT are financial metrics used to assess a company&#8217;s profitability and performance. Although they are related, <strong>each has its own characteristics<\/strong> and is calculated differently. The differences between these three metrics are detailed below:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"41-ebitda-earnings-before-interest-taxes-depreciation-and-amortization\"><\/span><strong>4.1 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Meaning:<\/strong> Represents a <strong>company&#8217;s earnings before interest<\/strong>, taxes, depreciation and amortisation.<\/li>\n\n\n\n<li><strong>Purpose:<\/strong> Provides a view of a company&#8217;s operating profitability without taking into account the <strong>effects of financing, taxation, and <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/contabilidad-y-fiscalidad\/declaracion-trimestral-iva\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounting decisions<\/a><\/strong> related to depreciation and amortisation.<\/li>\n<\/ul>\n\n\n\n<p><strong>Formula:<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>EBITDA = Operating Profit (or EBIT) Depreciation Depreciation Amortisation<\/strong><\/p>\n\n\n\n<p>o <\/p>\n\n\n\n<p><strong>EBITDA = Net Profit Interest Interest Taxes Depreciation Amortisation Amortisation<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"42-ebt-earnings-before-taxes\"><\/span><strong>4.2 EBT (Earnings Before Taxes)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Meaning:<\/strong> Represents a company&#8217;s earnings before <strong>taxes<\/strong>, but after deducting interest and other financial expenses.<\/li>\n\n\n\n<li><strong>Purpose:<\/strong> Shows the profitability of the company before any tax impact, allowing a <strong>more direct comparison between companies that may be subject to different tax regimes<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Formula:<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>EBT=EBIT-Interest<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"43-ebit-earnings-before-interest-and-taxes\"><\/span><strong>4.3 EBIT (Earnings Before Interest and Taxes)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Meaning:<\/strong> Represents a company&#8217;s earnings before <strong>interest and taxes<\/strong>, but after deducting operating expenses.<\/li>\n\n\n\n<li><strong>Purpose:<\/strong> Provides a view of a company&#8217;s operating profitability without taking into account the <strong>effects of financing and taxation<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Formula<\/strong>: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>EBIT=Operating Income-Expenses<\/strong><\/p>\n\n\n\n<p><strong>O<\/strong><\/p>\n\n\n\n<p><strong>EBIT=EBIT Interest<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>In short:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EBITDA <\/strong>excludes interest, taxes, depreciation and amortisation.<\/li>\n\n\n\n<li><strong>EBIT<\/strong> excludes interest and taxes.<\/li>\n\n\n\n<li><strong>EBT<\/strong> excludes taxes only.<\/li>\n<\/ul>\n\n\n\n<p>These metrics offer different perspectives on a company&#8217;s <a href=\"https:\/\/tickelia.com\/demo_2023\/blog\/glosario\/provisiones-contables\/\" target=\"_blank\" rel=\"noreferrer noopener\">profitability<\/a> and are used in <strong>different contexts, depending on what you want to analyse or compare<\/strong>. It is important to understand the differences between them and when it is appropriate to use each.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5-what-happens-if-ebitda-increases\"><\/span><strong>5. What happens if EBITDA increases?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If a company&#8217;s EBITDA increases<strong>, it indicates an improvement in operating profitability before interest, taxes, depreciation and amortisation<\/strong>. However, an increase in EBITDA can have several implications and causes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Improved Operating Profitability: <\/strong>An increase in EBITDA generally suggests that the company is <strong>generating more revenue from its core operations<\/strong> relative to its operating expenses.<\/li>\n\n\n\n<li><strong>Industry Benchmarking: <\/strong>If a company&#8217;s EBITDA is increasing faster than that of other companies in the same industry, it may indicate that it is <strong>outperforming its competitors in terms of operating efficiency<\/strong> or market capture.<\/li>\n\n\n\n<li><strong>Company Valuation: <\/strong>A growing EBITDA can make a company more attractive to investors, as it is often used in <strong>valuation multiples<\/strong>. However, it is essential to consider other metrics and factors when <strong>assessing a company&#8217;s financial health and valuation<\/strong>.<\/li>\n\n\n\n<li><strong>Debt Service Capacity: <\/strong>Higher EBITDA may indicate that the company has a greater ability to cover its debt obligations, which <strong>could lead to a perception of lower credit risk<\/strong>.<\/li>\n\n\n\n<li><strong>Does Not Consider Capital Expenditures: <\/strong>While a rising EBITDA is a positive sign, it does not reflect the capital expenditures the company may need to maintain or<strong> expand its operations<\/strong>. It is crucial to also consider Capex (capital expenditures) and other cash flow indicators.<\/li>\n\n\n\n<li><strong>Possible Causes: <\/strong>Increases in EBITDA <strong>may be due to a variety of factors<\/strong>, such as increased sales, cost reductions, implementation of operational efficiencies, acquisition of a profitable new business, or <strong>reduction of non-core expenses<\/strong>.<\/li>\n\n\n\n<li><strong>Caution in Analysis: <\/strong>While growing EBITDA is generally a positive sign, <strong>caution<\/strong> is <strong>essential<\/strong>. Companies can sometimes temporarily inflate their EBITDA through <strong>aggressive accounting practices or operational decisions<\/strong> that may not be sustainable in the long term.<\/li>\n<\/ul>\n\n\n\n<p>In short, if a company&#8217;s EBITDA increases, it is a sign of improving operating profitability. However, as with any financial metric, it is vital to consider the broader context, <strong>including other underlying metrics and factors<\/strong>, when interpreting and acting on this change.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6-ebitda-and-vat-recovery\"><\/span><strong>6. EBITDA and VAT recovery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) is a <strong>financial metric that reflects<\/strong> a company&#8217; <strong>s operating profitability<\/strong> before interest, taxes, depreciation and amortisation. On the other hand, VAT (Value Added Tax) is a consumption tax.<\/p>\n\n\n\n<p>At first glance, EBITDA and VAT may not appear to be directly related concepts, but there are some indirect connections worth considering:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Impact on Cash Flow<\/strong>: Businesses charge VAT on sales and pay VAT on purchases. The difference between VAT charged and VAT paid is what is owed to the government. If a business has a <strong>right to recover VAT<\/strong> (because it has paid more VAT than it has collected), this can have a positive impact on its cash flow when that VAT is recovered. Although EBITDA does not directly reflect cash flow, an <strong>improvement in cash flow can<\/strong> influence a company&#8217;s <strong>operating<\/strong> and financial <strong>strength<\/strong>.<\/li>\n\n\n\n<li><strong>Operating Expenses:<\/strong> While EBITDA excludes taxes (including VAT) in its calculation, the operating expenses considered in determining EBITDA may be influenced by the net cost after VAT recovery. For example, if a company <strong>purchases machinery and is able to recover VAT on that purchase<\/strong>, the net cost of the machinery (after VAT recovery) will affect operating expenses and therefore EBITDA.<\/li>\n\n\n\n<li><strong>Investment and Operating Decisions:<\/strong> Rules and regulations related to VAT recovery can influence a company&#8217;s investment and operating decisions. These decisions, in turn, can have an <strong>impact on operating profitability <\/strong>and thus EBITDA.<\/li>\n\n\n\n<li><strong>Sectoral analysis:<\/strong> In some sectors, VAT recovery may be a more significant factor than in others. For example, in sectors with large capital investments or long production cycles, VAT recovery may have a more significant impact on cash flow and, potentially, EBITDA.<\/li>\n<\/ul>\n\n\n\n<p>Given the importance of financial management, <a href=\"https:\/\/tickelia.com\/demo_2023\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tickelia<\/a> emerges as an <strong>end-to-end digital solution<\/strong>, offering a 360-degree view of <strong>business expense management<\/strong>. Not only does it automate and integrate the entire <strong>expense management process, but it also stands out for its unique ability to manage VAT recovery <\/strong>completely and autonomously.<\/p>\n\n\n\n<p>This functionality is especially relevant as Tickelia has the ability to convert simplified invoices into full invoices, <strong>eliminating the need for intermediaries<\/strong>. In addition, the company has a <strong>specialised department that is dedicated exclusively to the <a href=\"https:\/\/tickelia.com\/demo_2023\/en\/vat-recovery\/\" target=\"_blank\" rel=\"noreferrer noopener\">VAT recovery<\/a> process<\/strong>, both nationally and internationally. This combination of features makes <strong>Tickelia an essential tool for companies looking for efficiency and accuracy in financial management<\/strong>. Find out more by requesting a demo in the following banner.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/tickelia.com\/demo_2023\/en\/request-a-demo\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/tickelia.com\/demo_2023\/wp-content\/uploads\/2022\/06\/Tickelia-solicitar-demo-gastos-1.png\" alt=\"Organiza tu flujo de notas de gastos y viajes de empresa con Tickelia\" class=\"wp-image-20234\" title=\"\"><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>EBITDA may sound like complicated financial jargon, but it is actually an essential tool that gives us a clear view of a company&#8217;s operational health, without the distractions of financial and tax expenses. If you&#8217;ve ever wondered exactly what this acronym means and how it is calculated, you&#8217;ve come to the right place. 1. What [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":46983,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3891],"tags":[5443,5452,5454],"class_list":["post-52712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business-expenses","tag-vat","tag-vat-recovery"],"acf":[],"lang":"en","translations":{"en":52712,"es":46966,"pt":69099},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/posts\/52712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/comments?post=52712"}],"version-history":[{"count":0,"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/posts\/52712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/media\/46983"}],"wp:attachment":[{"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/media?parent=52712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/categories?post=52712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tickelia.com\/demo_2023\/wp-json\/wp\/v2\/tags?post=52712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}