Electronic invoicing (e-invoicing)

It is the process of creating, sending and receiving invoices electronically. Using a computer system that allows issuing, sharing and saving invoices and notifications electronically or printing them to replace traditional paper invoices. Electronic invoices have many benefits compared to paper invoices, including reduced errors, time savings, and improved cash flow.

It is an invoice issued using an electronic invoicing system and must contain the requirements of the electronic invoice announced by the Zakat and Tax Authority.

E-invoices have two types:

Tax Invoice

It is the invoice that is issued by one establishment to another establishment (B2B). For example, wholesale sector.

Simplified Tax Invoice

It is the invoice that is issued from an establishment to an individual, the retail sector (B2C). In most cases, it is not required to include the buyer’s information.

Our managed IT services let you concentrate on what matters

Are you busy putting out IT fires instead of focusing on your core business? If your technology is draining resources rather than optimising them, we can get you back on track. A professionally managed services provider can give you the decisive edge to.

Electronic invoicing phases

A QR Code that includes the following fields

We offer affordable IT solutions that help you reduce costs and improve your bottom line.

Supplier name

We offer affordable IT solutions that help you reduce costs and improve your bottom line.

Supplier tax number

Lack of user session management. The system must record all user activities.

The date and time of issuing the invoice

Allow modification or deletion of invoices or electronic notifications

Total invoice with VAT

Allow modification or deletion of invoices or electronic notifications

Total Value including Tax

We offer affordable IT solutions that help you reduce costs and improve your bottom line.

Tasks that are prohibited from technical solutions (prohibited from invoicing systems)

Access to the system without logging in

Issuing invoices or electronic notifications without a serial number

Lack of user session management. The system must record all user activities.

Allow modification or deletion of invoices or electronic notifications

Reset or change the billing serial number

Use of a default password

Issuing invoices or electronic notices with incorrect time stamps with not allowing the time or date change

Allow modification or deletion of the record used to record user activities

For more information and updates, you can review the guideline from the Zakat, Tax and Customs Authority.

© 2024 Daysum InfoTech Copyright 

top
Redefining industries through custom product development.
Platform partnerships
Industry Focus

E-invoicing (Fatoora)

Odoo

ERPNext

Technical Consulting

Featured Blog Posts
Simplifying IT
for a complex world.
Platform partnerships