What You Need to Know about Electronic Invoicing.
Electronic Invoicing or e-invoicing involves delivery of bills as well as related information to the clients electronically, with the use of the internet. The concern for security by business and acceptance and adoption of e-commerce is increasing. This has accelerated the shift to electronic invoicing. On the other hand, many companies provide electronic invoicing software as well as services.
On the other hand, online invoicing involves raising an invoice using an online platform like the cloud-based software. These software usually help in preparation and sending the invoices directly online to customers’ emails. Although electronic invoices are usually online invoices, online invoicing is not necessarily electronic invoicing.
Basically, e-invoices must contain pertinent information of the sale. This makes the e-invoice identical to the online invoice. Nevertheless, the e-invoices should be sent using XML or the Electronic Data Interchange formats. As a result, a …