E-invoicing with Accounts Hosted & Reckon One

Digitally exchange invoices between accounting software systems, without manual data entry.

 

What is e-invoicing?

Electronic invoicing (or e-invoicing) is the new way for businesses to send invoices electronically between a buyer’s and supplier’s accounting software systems, without the need for manual data entry. 

With the introduction of e-invoicing, businesses will no longer need to generate paper-based or PDF invoices that must be printed, posted or emailed – reducing costs and improving payment times. 

 

Send invoices that demand attention. Send professional looking invoices in seconds. Add your logo to pre-loaded templates, notes to specify payment instructions, and even personalised messages.
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Will it be mandatory for small businesses to use e-invoicing?

As part of the Government’s Digital Business Plan, e-invoicing will be mandatory for all Government departments by 1 July 2022. The Government is currently consulting on options for mandatory adoption of e-invoicing for businesses.

So, for now, you can still choose how you want to invoice your customers, however there are significant benefits to using e-invoicing if you want to reap the rewards earlier.

For more information about the rollout of e-invoicing for Australian business visit the ATO website here.

Benefits of e-invoicing

E-invoicing brings a range of benefits to businesses. The direct exchange between accounting software means less manual handling of incoming e-invoices, resulting in greater accuracy, reducing the risk of errors and getting you paid faster.

E-invoicing is paperless, helping you significantly reduce time spent on manual admin and improving efficiency by replacing the need to email PDF invoices with e-invoicing software. Plus, electronic invoices are exchanged through a secure and safe network, reducing the risk of interception and fraud.

 

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How is Reckon supporting e-invoicing?

We are excited to announce Reckon Accounts Hosted and Reckon One will soon be e-invoicing ready, enabling our customers to save time on invoicing, reduce manual handling and most importantly to get paid faster. Check back to this page for updates!

E-invoicing FAQs

What is e-invoicing?

E-invoicing (or e-invoicing) is a government initiative to create a more efficient, accurate and secure way to deal with your suppliers and buyers. Electronic invoicing is the automated digital exchange of invoice information directly between a buyer’s and supplier’s accounting systems.

With the introduction of e-invoicing, businesses will no longer need to generate paper-based or PDF invoices that must be printed, posted or emailed – reducing costs and improving payment times.

How does e-invoicing work?

E-invoicing allows a small business to send an invoice from Reckon directly to the accounts payable software of another business or government department, and allows a business to receive an invoice directly into Reckon from a supplier.

What are the benefits of e-invoicing?

E-invoicing brings a range of benefits to businesses. The direct exchange between accounting software means less manual handling of incoming e-invoices, resulting in greater accuracy, reducing the risk of errors and getting you paid faster.

E-invoicing is paperless, helping you significantly reduce time spent on manual admin and improving efficiency by replacing the need to email PDF invoices with e-invoicing software. Plus, electronic invoices are exchanged through a secure and safe network, reducing the risk of interception and fraud.

Will it be mandatory for small businesses to use e-invoicing?

As part of the Government’s Digital Business Plan, e-invoicing will be mandatory for all Government departments by 1 July 2022. The Government is currently consulting on options for mandatory adoption of e-invoicing for businesses.

So, for now, you can still choose how you want to invoice your customers, however there are significant benefits to using e-invoicing if you want to reap the rewards earlier. For more information about the rollout of e-invoicing for Australian business visit the ATO website here.

How is Reckon supporting e-invoicing?

We’re working to make e-invoicing a business reality. While e-invoicing is not directly available in Accounts Hosted or Reckon One just yet, we have an add-on that you can connect with in order to send and receive e-invoices.

To get started simply connect to e-invoicing provider Link4 to your Accounts Hosted or Reckon One software today.