Paper invoices, as well as unstructured electronic invoices, continue to be the main sources of inefficiencies in accounting departments. To save time and money, but also to reduce the possibility of errors, think about e-invoicing as the right option for you.
As strange as it sounds, the first electronic invoices were sent over 30 years ago using electronic data interchange (EDI). Since then, the use of e-invoicing has come a long way and has continued to evolve. Learn why is it the future of doing business in our new article.
Either fully or partially, applied to certain types of supplies of goods and services that have been identified as prone to VAT leakage, mandatory e-invoicing is considered the next step in the evolution in the drive to make taxation as easy as possible.
There are different types of e-invoicing methods to choose from, and in order to realize the maximum benefit of each, it is important to select the right one for your business. Don’t wait, choose the right one and make your business operations easier.
There is often confusion between different types of invoice automation under the term e-invoicing. Find out more about e-invoicing on our blog.
The VAT Gap, i.e. the difference between expected VAT revenues and VAT collected in the government coffers, provides an estimate of revenue loss due to tax fraud and inadequate tax collection systems. Find out why is VAT Gap important for the economics in this article.
To avoid tax leakage, some countries introduced fiscalization in order to control the grey economy by enforcing all mandatory transaction reporting to the authorities. Learn more about the fiscalization in our article.