Understanding eInvoicing

Change can be hard, particularly when things seem to be working and the need to do things differently isn’t obvious.

Perhaps you’ve found this when it comes to invoicing for your business.

You may be used to sending PDF invoices via email and manually entering the invoices you receive into your accounting software. You may even be used to dealing with regular problems with invoicing, like late, lost or compromised invoices or mistakes.

If you think that this is all the normal cost of running a business – it doesn’t have to be!

Switching to eInvoicing will help you reduce manual data entry, because eInvoices automatically appear in your business software, ready to be checked and paid.

While getting started with eInvoicing can seem daunting, it’s probably much easier than you think.

Deputy Commissioner for Small Business Deb Jenkins presents a new series of short videos about eInvoicing to help you out. They help explain how eInvoicing can benefit your business by helping you save time and money.

eInvoicing doesn’t give us access to your invoice data. It’s not a compliance measure; its aim is to reduce your admin, boost your cashflow and give you more time to focus on what matters most to you.

eInvoicing products and services are becoming more available over time. More than 16,500 Australian businesses are adopting it, including well-known and large Australian companies and federal and state governments.

There has never been a better time to get started. Talk to your adviser or business software provider today to find out about making the change.

Source: ATO