Change can be hard, particularly when things seem to be working and the need to do things differently isn't obvious.
Switching to eInvoicing will help you to reduce manual data entry, because eInvoices automatically appear in your business software, ready to be checked and paid. eInvoicing doesn't give access to the ATO and it's not a compliance measure. Rather, its aim is to reduce your administration, boost your cashflow and to give you more time to focus on what matters most to you.
What is eInvoicing?
eInvoicing (or electronic invoicing) is the new way to digitally exchange invoices through your software. eInvoices are not PDF invoices that need to be printed, posted or emailed. eInvoicing allows you to send and receive invoices digitally with other businesses such as your suppliers, contractors or government. It does not apply to business to consumer transactions.
Benefits of eInvoicing
The benefits of eInvoicing include:
Cost of eInvoicing
Most small business accounting software providers are building eInvoicing into their products and some already have it available. It may be free, or it may depend on how many invoices you exchange.
Talk to your accounting software provider to find out whether there are additional costs involved.
How to start eInvoicing
If you use accounting software
If you send or receive invoices using accounting software such as MYOB or Xero all you need to do is:
If you use a mix of digital and manual invoicing processes
If you use a mixture of digital and manual tools to send and receive your invoices, such as software, email or post, you can may consider going fully digital and using a software provider which provides eInvoicing.
If you create invoices manually
If you send or receive your business invoices manually on paper or using office software such as Word or Excel, you may:
How can we help?
If you have any questions or would like further information about eInvoicing, please feel free to give us a call on 1300 885 761 to find out about making the change.
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