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  • eInvoicing – a better way to do business

    Read the factsheet below or download the Portable Document Format (PDF) version eInvoicing – a better way to do business is also available (PDF 619KB)This link will download a file.

    eInvoicing supports businesses by streamlining your invoicing and freeing up time for you to run and grow your business.

    eInvoicing is not email or PDF. eInvoices are exchanged directly between buyers’ and suppliers’ software. They appear automatically in your software ready to be paid.

    It removes manual data entry for receivers and the need for senders to generate email invoices. This makes the whole process faster, more efficient, accurate and secure.

    Benefits of eInvoicing

    The benefits of eInvoicing include:

    Saves time

    eInvoicing saves you time by not having to:

    • re-key or scan invoices
    • fix errors
    • chase missing information, overdue or lost invoices.

    Invoice data is accurate and complete as key details are checked before the eInvoice is sent.

    Reliable and secure

    eInvoicing reduces the risk of scams and fraud as eInvoices are sent via a secure network by approved service providers.

    The Australian business number (ABN) is used to deliver invoices to the right business, with less risk of fake or compromised invoices.

    Cost savings

    Research shows it costs businesses around $30 to process a paper invoice and $27 for an emailed PDF invoice, but it costs less than $10 to process an eInvoice.

    Your actual savings will depend on your processes, how many invoices you send and the time saved in managing your invoicing.

    Faster payments

    eInvoicing means fewer errors and lost invoices, avoiding delays in getting paid.

    Australian Government agencies are paying eligible eInvoices within 5 days.

    Connect once, trade with many

    Australia has adopted Peppol, an international standard, that allows digital invoices to be exchanged between different software or systems.

    Once you’re connected to the Peppol network, you can exchange eInvoices with any business on the network that is also connected, regardless of their size or software.

    Your invoice data

    eInvoices are sent securely by ATO-approved service providers. The ATO administers the network, but we can’t access or view your invoices.

    Getting started is easy

    Check with your software provider to see if your software is eInvoicing-enabled and follow their steps to get started.

    If you don’t use software, there are free and low-cost options available to help you start eInvoicing now.

    Talk to your trading partners to see if they’re already connected. Encourage them to connect and start exchanging eInvoices with you.

    Find out how to get started at eInvoicing for businesses.

    Last modified: 03 Nov 2022QC 69227