Using web_based invoicing cuts your business expenses. Paper and postage expenses are eliminated. You will also save money because you don't have to hire a bookkeeper to do the invoicing for you anymore. When using the online invoicing software, you don't have to possess an in_depth knowledge of accounting or bookkeeping either, and using the software itself is easy to learn. The online software does all the hard work for you, and _ since everything is automated _ the accuracy is assured. You can sleep better at night knowing that the compliance of your business invoicing process to all the relevant regulations is guaranteed. All records are always up_to_date since all transactions are automatically recorded.
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.
The Conversion of Paper Invoices into Electronic Invoices and Vice Versa _ The recent publication of Ministerial Mandate number EHA뭚 defines the elements necessary for converting paper invoices into their electronic equivalent, establishing that the digitalization process must guarantee that the result is a faithful reproduction of the original, paper document and that the digitalization device (scanner) must produce the image along with a Qualified Electronic Signature (as defined in Directive number 1999ኹ). The process through which this is accomplished is designated as "Certified Digitalization."