Types of Electronic Invoices _ An electronic invoice is one which meets the same requirements that apply to invoices issued on paper, except that it is presented in electronic format and its authenticity and integrity are guaranteed. In order to guarantee a document's authenticity and integrity, there are three possible methods: Utilization of a recognized digital signature, which is based on a recognized certificate and generated using a secure device for creating signatures. Remittance through an "EDI" system, which ensures integrity and authenticity. Use of another system which, in the opinion of the Auditing Department of the State Tax Agency, ensures authenticity and integrity, whenever the taxpayer issuing the invoice has applied for Agency approval of the system in question. In general, the use of a recognized electronic signature is considered to be an essential element of electronic invoices.
Invoice factoring lets you unlock cash that's tied up in your unpaid invoices. Obtaining cash this way can be an easy, effective tool to solve small or medium size businesses financial challenges. Invoice factoring might be right for your business if you lack adequate working capital to maintain your operations or expand to the next level. Perhaps you've considered other options like bank loans, lines of credit or credit cards. But if your company doesn't have enough financial stability or business credit, invoice factoring could be the perfect alternative to bank financing.
Numbers and Numbers and Records and Books _ must be trackable Referring to "invoice #9048," rather than "That invoice I sent you last month, I think on a Tuesday," is much easier to track for both you and your client. Assign numbers to your invoices systematically, consistently and chronologically. Some people number their invoices by year (for example, 2009043 would be the 43rd invoice of 2009). You could also specify a code for the project. For example, ABC06 would be the 6th invoice for the ABC project that you're currently working on. Having an invoice and project numbering system keeps everything in line.