What is E-invoicing & How does it help for employees?

e-invoicing help

Ever wondered how to trace the details of a transaction whose receipt you have lost? To keep updated with each and every transaction in a more secure and proactive way E-Invoicing has been a great help globally.

To meet the transitional needs of trading partners in digital format E-invoicing is being used which is one of the best ways for screening, securing and processing the financial system.

E-invoicing is also called as E-billing, E-Payables, telecommunications billing, etc. An E-Invoice is an invoice that is issued and processed electronically in a digital way by the supplier once the transaction is done and later it is received and processed by the recipient.

Benefits of E-Invoicing:-

  • Cheaper than paper invoices.
  • Saving both money and time spent on invoicing.
  • Quick and Secured Financial Transactions.
  • Ease to understand Fraud management and Validation.
  • Serving the customers better through optimized search.
  • Elimination of pile of invoices.

Frequent developments in online and digital transactions the role of E-invoicing is being increased, especially among the consumers and business communities. Ease to manage the paid and payable accounts in a fast and simple account system can be achieved.



What are TRACES?

Traces Expanded abbreviation – TDS reconciliation analysis and correction enabling system It is a utility provided by the Income Tax Department for a Taxpayer and

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