How E-Invoicing Software Works?
Invoice processing holds a huge overhead for most businesses. Different businesses have distinctive methods of preparing invoices for their customers. In the event that the invoice is late or wrongly deciphered it may prompt non-payment or late payment. In a case when there is any mismatch between the goods or/and services supplied, your customer may also reverse the item delivered.
As per the latest mandate, now e-invoicing will be applicable to all those taxpayers whose aggregate turnover is INR 20 Crores or more. Read more about this e-Invoicing notification here.
The advancement in invoicing technology will take businesses to a next level. E-invoicing empowers businesses to computerize their cycle by incorporating e-invoicing software. This will assist with acquiring business efficiency easily and accurately.
How E-Invoicing Software Works?
The e-invoicing software empowers businesses to automate and smooth out the e-invoicing process of the supplier. It separates data, approves it, and moves it to your ERP framework. Then the invoice generated is sent for approval to the Invoice Registration Portal (IRP). Once the invoice is approved by the IRP, it gets the Invoice Reference Number (IRN) and signed QR code directly to your ERP. In case if there is any error the invoice will get rejected.
Benefits of E-Invoicing Software
- Automation of the invoicing process.
- Various level of verification
- Reduced chances of human errors
- The dashboard is intuitive and user-friendly that lets you separate processed, pending, and rejected invoices.
- Create E-invoices, advance receipts, credit & debit notes, reverse charge E-invoice
- Maintain items catalog
- Import Item Master / Bulk upload of Products & Services
- Auto-Prepared Returns and E-way Bills from E-invoice
- Bulk upload/creation of Invoices
- Single window for all Invoice archives whether it is e-invoice, hard copy, or softcopy Invoices.
How Can GSTrobo® Help you?
GSTrobo® a division of Binary Semantics is one of the leading ASP- GSP who provides industry-leading GST compliance software such as GST, e-way bill, and e-invoicing software. These solutions not only seamlessly integrate with all the ERPs but also automate most of your GST compliance.
