![]() Your company's trade accounts must be paid electronically through your financial institution or financing provider.You must provide accurate information about each party involved in the transaction - including name, address, tax identification number (TIN) and bank account details.You must have a valid email address for each of your suppliers, customers and other parties involved in the transaction.However, there are some requirements that you need to meet before you can use this electronic payment service: You may also face problems when it comes to keeping track of all the payments that you have received from your customers.Īnyone who sends out invoices is eligible for e-invoicing. This can be a difficult task if you have too many invoices and keep them in different locations. If you are a business owner, you need to keep track of all the invoices that you have sent out and received. The e-invoice market is governed by companies such as SAP or TNT. Description - The description should include all relevant details about the goods or services being.Į-invoicing is already used by many countries in Europe by both companies and governments.Reference – A unique reference code that identifies this particular transaction between two parties (e.g., invoice number).Amounts due include discounts (from the supplier’s perspective) and discounts (from the customer’s perspective). ![]() Amount due – The total amount payable for the transaction, including any taxes or subsidies that apply.This is usually issued by the customer on receipt of goods or services. Order number – The unique order number for this transaction.Invoice date – The date when the invoice was created by the supplier (generally the date of delivery).The key or mandatory elements of the e-invoice are: The "e" in "e-invoicing" implies that the entire life cycle of the invoice is dematerialized, without scanning, retouching or printing. Scanning a paper invoice to send it by email is not enough to make it electronic. The objective is to deploy a completely dematerialized circuit between the supplier's and customer's accounts: Unlike other billing formats (paper, PDF, JPEG, PNG, etc.), e-invoicing necessarily includes a minimum base of data in structured form, which follows the EDI (electronic data interchange) standards. It's an important tool for businesses to save money, reduce paperwork, improve productivity and drive compliance with corporate tax laws. Shortly, e-invoicing is a way of sending and receiving invoices electronically. E-invoicing refers to the process of sending and receiving invoices via a dematerialization platform.
0 Comments
Leave a Reply. |