e-Invoicing — the smarter way of invoicing
A new way of invoicing
E-Invoicing is the exchange of invoice information directly between suppliers’ and buyers’ financial systems, even if these systems are different.
With e-Invoicing, businesses no longer need to generate paper-based or PDF invoices that have to be printed, posted or emailed, and buyers no longer need to manually enter these into their accounting system. It improves accuracy and security, reduces process time and speeds up payments.
As well as getting e-Invoicing enabled software, you’ll also need the NZBN of everyone you want to send an e-Invoice to. These numbers are the unique global identifier that gets your invoice to the right buyer.
Go to einvoicing.govt.nz(external link) to find out what you need to do to get your business e-Invoicing and start enjoying the many benefits it can bring to your business.