QUICKBOOKS E-INVOICING

E-invoicing is the exchange of an invoice document to a client electronically. It entails the electronic or automatic processing of documents in a structured data format.

Since January 2020, the contracting authorities behind the Vendors@Gov portal have accepted Peppol e-invoices. If your company still needs to receive electronic invoices through the national e-invoicing framework, join the movement to automate and standardise your invoicing processes.

You can create an e-invoice by connecting your LinkFor account to your QuickBooks Online account. Enter the correct client and company information. Then, all you need to do is enter the necessary details to create the invoice so Peppol can process it.

No, it is not compulsory to use e-invoices in Singapore. However, regarding the e-invoice, Singapore has taken strong measures to motivate businesses to embrace the Peppol-network. This means companies will need to get ready to send and receive invoices electronically soon.

With e-Way Bills, invoices are the only documents that you may create. However, debit and credit notes are not supported. Specific types of transactions, such as contract labour and sales returns, require an e-Way Bill. You still need to include these transactions in the scope of e-invoicing.

Electronic invoicing, or "e-invoicing," streamlines the billing process by combining the invoicing and compliance documentation into a single electronic file. E-invoicing lessens the likelihood of invoice errors and exceptions by digitising invoice details and matching them against documents such as contracts, service entry sheets, purchase orders, and goods receipts.

You can send an e-voice by following the process: 

1. Firstly, ensure that you link your Linkfor and QuickBooks Online accounts. And added your client's information to QuickBooks Online. 
2.  Then verify that you have entered the correct company details in QuickBooks Online. Ensure you enter the Tax UEN so the Peppol network can process the electronic invoice.
3. The next step is for you to generate an invoice for the client. After you're done, click the Save button at the bottom of the screen on the right.
4. After that, go back to LinkFor and head to the "My Invoices" section. The invoice you just made will appear. The processing and sending time will take approximately 3–5 minutes. The status will appear as "sent by InvoiceNow" once you dispatch the invoice.

You can receive an einvoice by following the process: 

1. Under your LinkFor account, select the My Purchases tab to act as a recipient. That is where you can view the e-invoice.
2. Sign into the QuickBooks Online account as a recipient. 
3. You can locate the invoice in the Recent Transactions section of the drop-down menu that appears when you click the search box in the upper right.
4. QuickBooks Online will automatically record the invoice.