Invoice for payment is a commercial document issued by the seller to the buyer and containing a list of goods and/or services, their formal features, quantity and price, terms of delivery, taxes included in the price and information about the sender and recipient.
Invoice for payment are an important element of internal control and accounting audit.
"A good invoice for payment" is a document that protects your business against errors and risks.
"The right invoicing tools" can help you streamline your invoicing process, improve your cash flow, and even simplify your accounting.
Companies need to deliver invoices in order to demand payments. An invoice is a agreement showing both parties' consent to the quoted price and payment conditions.
An electronic invoice for payment (Electronic invoice, or e-Invoice) is a digital invoice for payment that is transferred from one information system to another, for example, from the accounting program of an enterprise - seller/supplier to the accounting program of a counterparty (buyer/payer). The supplier and buyer can be either a commercial company or a government agency/enterprise.
Advantages.
Saving time, reducing company costs, reducing the number of errors when entering data into an accounting program.
The goal minimizing the amount of work and the number of personnel involved in the creation of an invoice for payment. The e-Cont.md service does most of the work for people. In addition, there is no need to print out an invoice, send it by E-mail (or in some other way), enter it into an accounting program.
From technical point of view, the Electronic invoice (e-Invoice) for payment is the circulation (sending, receiving and storage) of invoices between the supplier and the buyer in an integrated electronic format without using paper invoices as original documents.
Electronic invoicing is that they must contain data from the seller/supplier in a format that can be entered (integrated) into the buyer's accounting system without the need to enter any data from the buyer's administrator or accounting department.
As this allows for a number of formats to be employed, it is useful to apply the following guidelines:
Although significant cost and time savings can be achieved by removing paper and manual processing from invoicing (invoice treatment), the real benefits of e-Invoicing come with the level of integration between goods supplier or service provider and the buyer as well as between invoicing software and other business systems.
According to paragraphs (7), (8) and (9) of Article 11, Law No. 287 of December 15, 2017 on accounting and financial reporting or details here:
