What is an E-Invoice and How to Issue It?

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What is an E-Invoice and How to Issue It?

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E-invoice or electronic invoice is the transmission, reception and processing of digital transaction documents between suppliers and buyers. In simpler terms, it is an invoice create using a standard format in which the electronic data of the invoice can be shared with others, thus ensuring interoperability of data. The e-invoice is sign with the financial seal and sent and receive.

A true e-invoice method takes place entirely electronically so that data from the supplier can be integrate directly into the buyer’s system.

For example, a scan PDF invoice phone number library sent via email is not a true e-invoice. A scan or copy of a manual paper invoice is also not consider an e-invoice.

What are the advantages of e-invoice for taxpayers?

E-invoice has many advantages for taxpayers. These advantages are as follows:

  • Invoices can be issue online quickly and in real time. This way, you can provide a better experience for your buyers. Since you can send e-invoices to your customers instantly, you can also receive payments faster.
  • Data store electronically is affiliate website ideas more secure and less prone to errors than manual recording.
  • E-invoices are automatically verify on the official platform, making counterfeit invoices nearly impossible.
  • It streamlines the invoicing process and makes the process easier for entrepreneurs. It reduces your workload and the time it takes to get paid.
  • Simplifies the invoicing process, saving time for both you and your customers. No more templates or emailing PDFs.
  • With digital invoices you save on paper and shipping costs.
  • More automation means ukraine business directory minimal human intervention, which leads to fewer typos.
  • E-invoice provides significant savings in transaction costs, provides greater convenience to your customers, and enables faster deliveries.
  • When you create an electronic invoice online, you can see when it was sent, when the customer view it, and when the payment was made, thanks to e-invoice software. This means you can control when your customers pay.
  • All information is save on a single platform that can be access from anywhere and from any device.
  • You can create professional looking invoices without spending a lot of time or editing spreadsheet modules.

How to issue an e-invoice?

You can use the following methods to issue e-invoices :

  • Revenue Administration Portal
  • Integration with GIB
  • Special Integrator

If you are going to issue your e-invoice via the Interactive Tax Office, the following steps must be follow:

  • Log in to the Interactive Tax Office system.
  • From the module selection screen, go to the “Archive Portal” section.
  • Check the accuracy of the taxpayer and user information for the invoice to be issu in the Archive Portal.
  • Go to the “Document Operations” area on the left of the screen .
  • In this step, click on the “Create Invoice” button.
  • On the invoice screen that appears, enter the invoice information and the information of the company you will be invoicing.

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