Invoice is an important document in the Accounting - Finance industry, not to mention the invoice is also related to the tax declaration process of the business. With the trend of digitizing paper invoices, how will businesses handle it? How does Bizzi e-invoice processing software support businesses? Follow Bizzi's post below!
1. Latest announcement on the application of electronic invoices
Currently on the market, many businesses use electronic invoices, Rate up to 70-80% enterprise, mostly operating in big cities
Besides, In some businesses, there is still a situation of storing and managing paper invoices, leading to some inconveniences for the typical accounting department such as:
- Processing time is lost due to having to perform the operation completely manually
- Visual inspection, manual input, easy to lead to errors, especially tax risks
- Expensive for storing and maintaining paper invoices
- It is easy to have poor information security, easy damage, lost invoices
Because of the risks and inadequacies in the handling and storage of paper invoices, the Ministry of Finance has issued regulations aimed at converting paper invoices into electronic invoices in businesses, economic organizations, …
Last February 24, 2022, According to Decision 206/QD-BTC, The financial promulgate deploying the application of e-invoices Phase 2 to enterprises/economic organizations, business households/individuals in 57 provinces and centrally-run cities with the implementation period from April 2022 .
Thus, until now, the time to digitize paper invoices is very close, requiring businesses to speed up the conversion as well as have an effective method of handling 100% e-invoices according to the regulations of the Ministry of Finance.
2. Electronic invoice processing software Bizzi, an effective assistant for businesses
Previously, the accountant would be the person in charge of receiving, processing and arranging the company's invoices. Currently, because the digitalization of paper invoices is becoming popular, many service providers issue e-invoices, but each partner sends e-invoices in a different way.
For example, there is a party that sends a link with a lookup code, or sends a Username and Password, or a PDF attachment….However, The legally valid invoice file is an XML file. Accountants must find a way to download XML files to check, compare, contrast, input data, store...
The jobs are simple but take up most of the time of accountants and require concentration, carefulness and meticulousness in each number to avoid absolute errors.
Bizzi e-invoice processing software supports businesses automatically receive and store electronic invoices with streamlined invoice loading and management. At that time, the workload of accountants is greatly reduced, they can spend more time on other accounting operations such as control, cash flow management, etc.
3. Bizzi – automate 90% e-invoice processing
With feature 4 AUTOMATIC, The accounting department now has a powerful assistant Bizzi to help accountants solve from "A to Z" the process of processing electronic invoices, completely eliminating manual operations, saving 80% working time. , simplify invoice processing up to 90%.
- AUTOMATIC Receive invoices & download invoices from supplier emails, scan invoices from photos, available invoice files.
- AUTOMATIC compare and check the invoice information, operation status of the seller, ensure the legitimacy and validity of the invoice.
- AUTOMATIC Connect with accounting software, save time on manual data entry.
- AUTOMATIC Store and manage invoices centrally on the same email for up to 10 years, easily search and manage invoices.
- see more Digital transformation - a decisive turning point in the development of enterprises
With an automated solution to process electronic invoices, Bizzi can help businesses save 50% cost, exactly 99.9% compared to manual processing.
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