Phased adoption of GST InvoiceNow requirement:
What is InvoiceNow?
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Create E-Invoice
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Send E-Invoice
via Peppol Network
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Receive E-Invoice
A nationwide e-invoicing initiative that facilitates the direct transmission of e-invoices in structured digital format from one finance system to another between suppliers and buyers, operating on the open standard Peppol network.
Benefits of E-Invoicing
Seamless Transactions
Send and receive e-invoices seamlessly on the InvoiceNow network, following IMDA standards, for both local and overseas businesses.
Reduced Costs and Errors
Reduce manual data entry and errors, minimize late payment charges, cut down on manual filing and storage costs, and streamline operations with automated invoice processing.
Improve Efficiency
Converting received e-Purchase Orders into e-invoices reduces manual effort and ensures greater accuracy for faster payments.
Simplify Invoice Tracking and Communication
Gain clarity on your invoice status with customers, reduce supplier inquiries, and avoid unnecessary follow-ups, streamlining your payment process.
Improved Cashflow Management
InvoiceNow streamlines invoice processing and payments, enabling a more efficient cashflow and allowing businesses to focus on growth and innovation.
Reduced Compliance Efforts
InvoiceNow simplifies tax compliance with built-in checks to prevent incorrect GST claims, faster refunds, shorter audits, and quicker issue resolution.
Robust & Secure E-Invoicing Software
Info-Tech E-Invoicing Software
This video helps to guide you to:
- How to create business user registration for InvoiceNow in Info-Tech Accounting software through IMDA certified access point provider (Linkfor)
- How to send an e-invoice
- How to verify and make payment for e-invoice received
- How to capture and maintain customer/supplier Peppol ID information
Get Up to 50% on PSG Approved Accounting Software
Frequently Asked Questions (FAQ)
What is Invoice Now?
Invoice Now is a nationwide E-invoicing initiative implemented to help businesses improve efficiency, reduce cost, enjoy faster payment and stay green at the same time.
Is the Invoice Now the same as the accounting software?
Invoice Now is a software of its own and allow businesses to make international transactions whereas Accounting Software covers the local transactions.
Isn't the e-invoicing the same as accounting software?
E-invoicing is a process of sending, receiving and approving invoices electronically. Whereas, the accounting software has more functions to perform accounting works.
Is it hard to use InvoiceNow?
We have a PDF and video guide on how to set up InvoiceNow.