eInvoicing — the smarter way of invoicing
A new way of invoicing
eInvoicing is the exchange of invoice information directly between suppliers’ and buyers’ financial systems, even if these systems are different.
With eInvoicing, 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 eInvoicing enabled software, you’ll also need the NZBN of everyone you want to send an eInvoice 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 eInvoicing and start enjoying the many benefits it can bring to your business.