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Although we know perfectly well what an invoice is, its technical definition is "a document that reflects the delivery of a product or the provision of services, along with the due date and the amount to be paid in consideration." All invoices, regardless of the way in which they are sent (whether on paper or in electronic format), must include a series of mandatory fields. Article 6 of Royal Decree number 1496񳏃, Spanish law, which regulates the content of an invoice, establishes these fields as: Invoice number. Delivery date. Sender's and recipient's legal name. Sender's and recipient's Tax ID number. Sender's and recipient's legal address. Transaction description (tax base). Tax rate. Tax amount. Date of service (if different from the delivery date)

Invoices are created in on a daily basis, and that's great for your business: however, it's easy to soon start feeling overwhelmed and discouraged by the complexity of all that paper handling and invoice tracking while hard pressed for time. It's hard to keep track of all of the invoices and their processing status: can you tell at a glance if all have even been received? That's very unlikely.

When choosing an invoice factoring partner, it's important to select the right kind of company to work with you and your customers. Here are some important considerations to keep in mind: What type of reputation and track record does the company have? When you turn over your customers, make sure they're in good hands and that the factoring company is capable of providing the funding you need. How much is the invoice factoring company charging? Evaluate all the components of the price, including any fees, the interest rate and the portion of your invoice that is held back in 'reserve'. What are you going to get for your money? Determine the company's accounting, reporting and other capabilities. How will the invoice factoring company treat your clients? The company will have to communicate with your customers after they take over your invoices. You want to be sure the interaction that takes place is positive. If it isn't, it may reflect negatively on your own relationship with these customers. Invoice factoring is a powerful tool for companies needing to meet short_term cash flow needs. In this article we will go into more detail on the following questions questions about electronic invoices: What is an electronic invoice? What are the benefits of implementing electronic invoices? What are the principal laws governing the use of electronic invoices in Spain? Which types of electronic invoices are recognized in Spain? How can I convert paper invoices into electronic invoices and vice versa? First of all, we want to point out that there are many synonyms for digital billing: digital invoicing, electronic billing, electronic invoicing, e_billing, e_invoicing, telematic billing, telematic invoicing, etc.

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