eInvoice or electronic invoice: Discover how easy it is to implement it in your company
Posted: Tue Dec 17, 2024 10:11 am
Electronic invoicing or eInvoice will no longer be just an obligation for companies that work with the Public Administration. It will soon also be an obligation for all companies and self-employed persons in their commercial relations with each other.
Take note of all the important dates that lie ahead on your path to adapting to eInvoicing or electronic invoicing.
We explain how to implement it in your company and give you some tips to ensure success in this process.
The obligation to issue electronic invoices between companies will have a positive effect on the way invoices are issued, received, accounted for and kept .
With its entry into force, many companies colombia email list will be forced to change the way they interact with each other and change their billing and accounting processes.
Sage is now ready to support its clients throughout the entire eInvoicing adaptation process , offering training, support and the appropriate technological solutions.
Law 25/2013, of December 27 , on the promotion of electronic invoicing. Since January 15, 2015, it is mandatory that invoices addressed to the Public Administrations be electronic.
Law 18/2022, of September 28 , on the creation and growth of companies, better known as the Create and Grow Law. This law establishes the obligation to issue eInvoices using electronic formats and communicating the different statuses of the invoice (acceptance, rejection, payment, etc.). This new obligation is expected to come into force in April 2025 for companies with a turnover of more than 8 million euros.
Royal Decree 1007/2023 , of December 5, better known as the Verifactu Regulation. This regulation, which will come into force on July 1, 2025 , establishes a new electronic invoicing system that will bring important benefits to companies, self-employed workers and the Tax Agency.
Why is it mandatory to implement electronic invoicing?
The implementation of electronic invoicing has multiple benefits, both for companies and for Public Administrations:
Reduce costs : costs of printing, shipping and storing paper invoices are eliminated.
Streamline processes : electronic invoices can be processed automatically, reducing management time.
Improve efficiency : eInvoice allows for better control of invoices and greater transparency in financial management .
It is more sustainable : paper consumption and environmental footprint are reduced.
Modernize the business fabric : eInvoicing is a key tool for the digitalization of companies.
Reduction of fraud : this is one of the main reasons for mandatory implementation of electronic invoicing.
Sage
eInvoices whose recipient is the Public Administrations
Electronic invoices intended for Public Administrations must meet three specific requirements:
Be written in a specific computer language ( Facturae 3.2, 3.2.1 or 3.2.2 ).
Be electronically signed, for which a recognized electronic certificate is required.
Take note of all the important dates that lie ahead on your path to adapting to eInvoicing or electronic invoicing.
We explain how to implement it in your company and give you some tips to ensure success in this process.
The obligation to issue electronic invoices between companies will have a positive effect on the way invoices are issued, received, accounted for and kept .
With its entry into force, many companies colombia email list will be forced to change the way they interact with each other and change their billing and accounting processes.
Sage is now ready to support its clients throughout the entire eInvoicing adaptation process , offering training, support and the appropriate technological solutions.
Law 25/2013, of December 27 , on the promotion of electronic invoicing. Since January 15, 2015, it is mandatory that invoices addressed to the Public Administrations be electronic.
Law 18/2022, of September 28 , on the creation and growth of companies, better known as the Create and Grow Law. This law establishes the obligation to issue eInvoices using electronic formats and communicating the different statuses of the invoice (acceptance, rejection, payment, etc.). This new obligation is expected to come into force in April 2025 for companies with a turnover of more than 8 million euros.
Royal Decree 1007/2023 , of December 5, better known as the Verifactu Regulation. This regulation, which will come into force on July 1, 2025 , establishes a new electronic invoicing system that will bring important benefits to companies, self-employed workers and the Tax Agency.
Why is it mandatory to implement electronic invoicing?
The implementation of electronic invoicing has multiple benefits, both for companies and for Public Administrations:
Reduce costs : costs of printing, shipping and storing paper invoices are eliminated.
Streamline processes : electronic invoices can be processed automatically, reducing management time.
Improve efficiency : eInvoice allows for better control of invoices and greater transparency in financial management .
It is more sustainable : paper consumption and environmental footprint are reduced.
Modernize the business fabric : eInvoicing is a key tool for the digitalization of companies.
Reduction of fraud : this is one of the main reasons for mandatory implementation of electronic invoicing.
Sage
eInvoices whose recipient is the Public Administrations
Electronic invoices intended for Public Administrations must meet three specific requirements:
Be written in a specific computer language ( Facturae 3.2, 3.2.1 or 3.2.2 ).
Be electronically signed, for which a recognized electronic certificate is required.