eInvoicing facts versus fiction
eInvoicing is the new, standardised way to send and receive invoices built into your accounting
software. It doesn’t matter what software buyers and suppliers are using – it just needs to be connected
to the secure eInvoicing network.
eInvoicing is a channel for business-to-business and business-to-government invoicing. It is not
mandated for Australian businesses because there are a lot of great benefits that make eInvoicing a
better choice for your business.
For example, eInvoicing can help you save time and money. Once a supplier sends an eInvoice, it
shows up automatically in the buyer’s accounting software ready to be checked, approved, and paid.
eInvoicing removes manual data entry, making invoicing faster, more efficient, and accurate. This, in
turn, results in timely payment, and even faster in some cases, which is excellent news for your
cashflow.
eInvoicing also keeps businesses safer online. By exchanging eInvoices directly through the secure
network, you cut the risks of payment redirection and false billing scams.
Australia’s eInvoicing rollout is led by the Australian Taxation Office (ATO). The ATO is responsible for
certifying software providers and ensuring software products can eInvoice properly. The ATO can’t see
or collect your invoice data.
Switching to eInvoicing has never been easier and there are plenty of eInvoicing ready products,
including free and low cost. Check to see if your software can eInvoice and then follow your provider’s
instructions to register and get started.
Visit ato.gov.au/eInvoicing to separate eInvoicing fact from fiction.
Check the eInvoicing Ready product register to find out if your software is eInvoicing ready.
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