E-Invoicing is the automated exchange and processing of invoices between a purchaser and supplier’s accounting systems.
Accounting systems talk to each other through an encrypted, secure connection, making the process of e-invoicing more secure, less time consuming, and less error-prone when compared to traditional invoicing methods. E-invoicing brings with it an array of benefits for busy businesses and ensures invoicing is more efficient, accurate and secure than ever before.
It is important to clarify that sending a PDF invoice via email is not e-Invoicing. E-Invoicing, or electronic invoicing, is the latest automated technology, where the supplier’s invoice lands right in the purchaser’s accounting system. This automation removes much of the time, room for error and expense that Australian businesses face chasing and fixing invoicing issues.
E-invoices can be sent directly to a customer’s software, even if both the buyer and supplier are using different software (e.g. Xero and QuickBooks). The very essence of e-invoicing, and specialised e-invoicing software, is that it saves your business precious time and money – allowing you to focus on doing business!