58 Klingner Rd, Redcliffe QLD 4020
(07) 3883 8999

Small Business Getting Started with eInvoicing

Small Business Getting Started with eInvoicing

How small businesses can get started with eInvoicing to exchange invoices with trading partners through software.

How to start eInvoicing

eInvoicing will help your small business save time and simplify invoice management. It’s a standardised and easy way to send and receive invoices between the buyer’s and supplier’s software through a secure network.

You and your trading partners can use any software to invoice. You can connect to the eInvoicing network called Peppol. It’s not mandatory to use, but there are many benefits of Peppol eInvoicing for suppliers and buyers.

If you’re already using software to manage invoices

If your business management software is eInvoicing-Ready, getting started is quick and easy. You just need to register your software to connect to the network. Check with your software provider and follow their instructions.

Once you’ve registered, you can send and receive eInvoices with any business or government entity registered on the network.

You will need your trading partners’ Australian business numbers (ABN). Make sure their customer records are up to date in your software.

Ask your trading partners to register too. You will save more time and money as more of your trading partners switch to eInvoicing.

If your invoicing software doesn’t have eInvoicing capability, consider using an eInvoicing plug-in or app that integrates with your software. Check with your sofware provider and follow their instructions.

If you don’t use software to manage invoices

If you don’t use business management software, consider using an eInvoicing web portal. Many service providers offer this to support small businesses that send or receive few invoices.

Cost of eInvoicing

For software users, the cost will depend on your software product. eInvoicing may be included in your subscription or be available as a plug-in or app that integrates with your software.

For non-software users, there are free and low-cost web portal solutions available depending on your business needs.

Talk to your preferred software or service provider to find out more.

Other considerations

  • How you receive invoices will change as they will appear in your software, so you must know where to find them.
  • Think about other changes to your processes, including checking and approving eInvoices.
  • Talk to your employees and trading partners about these changes.
  • Check the eInvoicing-Ready product register to see if your software can eInvoice or find a web portal solution. Alternatively, talk to your software provider.
  • If you need help getting started with eInvoicing, talk to your adviser, if you don’t have one, call us at Accountplan.

Source: ATO

Welcome to Accountplan, proudly assisting the community in Redcliffe and surrounds for almost 40yrs with:

– an experienced team of Accountants providing Tax & Business Advisory services
– Bookkeepers to help you with BAS, IAS & Payroll
– Financial Planning advice around Wealth Creation, Super & Aged Care Strategies
– Mortgage Broking services for Home Loans, Investment Loans, Business and even Vehicle Finance

While you’re here why not check out our site and see what we might be able to help you with…………


Leave a Reply

Your email address will not be published. Required fields are marked *