eInvoicing becoming the new norm for NZ businesses

eInvoicing is a not-so-new, simple method of invoicing. It’s the digital exchange of invoice information between suppliers’ and buyers’ accounting systems even if those systems are different. No more emailed PDFs.

eInvoicing is growing across NZ

More than 10,000 businesses across New Zealand are registered to receive eInvoices and growing every month.

This number includes many government agencies, who are updating their contract and procurement documents to include eInvoicing as a preference, instead of PDF invoices. Over time it will become the only way they accept invoices.

Importantly, the list of large businesses leading the way is also growing, with several big ‘invoice- senders’ on the cusp of being able to send eInvoices to their business customers – think telco and energy companies. This means receiving eInvoices is fast becoming the norm. Are you ready to receive eInvoices?  Register today. https://www.einvoicing.govt.nz/software-providers/

Find out if your trading partners are on board yet by checking out the list of all eInvoicing registered businesses here. https://www.einvoicing.govt.nz/#einvoicing-registered

Other businesses will also be looking for you. Get on the list so you can receive eInvoices from them and experience the benefits.

The benefits of eInvoicing

eInvoicing is an easy efficiency gain. No more PDFs, less manual data entry, no more chasing up unpaid or lost invoices.  Your business will reap the rewards in not only getting paid faster, but also benefit from cost savings, reduced admin, increased accuracy and security.

Get set up today

For most small businesses it’s easy and cost-free to get started. For example, it’s easy to get started if your business uses Xero or MYOB for invoicing – and as it’s part of their usual subscription, it’s free. In fact, many major accounting or invoicing providers are now eInvoice-ready so check if yours is here. https://www.einvoicing.govt.nz/software-providers/ Then it’s just a couple of clicks and you’re ready to go.

For larger businesses needing a bit of help getting eInvoicing over the line, the new Business Case Guidance document is available upon request. It has lots of information to pick and mix to suit your organisation.  It’s ideal for larger businesses looking to develop an internal business case and gain executive buy-in for eInvoicing. Email the eInvoicing team at [email protected] to access this resource.

If you’re already registered to receive eInvoices, download the ‘eInvoicing capable’  https://www.einvoicing.govt.nz/assets/Images/e-Invoicing/einvoicing-capable-badge-700×235.png    logo so you can add it to your email signature. It’s an easy way to remind your trading partners you can receive or send eInvoices.

eInvoicing really is a “no-brainer”, as one sole-trader accountant says in this story. https://www.einvoicing.govt.nz/case-studies/einvoicing-a-no-brainer-for-sole-trader-accountant/  He’s been blown away by how much time and hassle he can save in his own business and for his clients. Check out other businesses’ experience with eInvoicing. https://www.einvoicing.govt.nz/case-studies/

For more information check out einvoicing.govt.nz

Other handy links to the eInvoicing website:

Getting set up for eInvoicing | eInvoicing https://www.einvoicing.govt.nz/software-providers/

New Zealand businesses registered to receive eInvoices https://www.einvoicing.govt.nz/#einvoicing-registered

Benefits of eInvoicing | eInvoicing  https://www.einvoicing.govt.nz/benefits-of-einvoicing/

Guide for using eInvoicing capable badge [PDF, 481 KB] https://www.einvoicing.govt.nz/assets/e-invoicing/getting-set-up-for-einvoicing-letting-your-customers-know.pdf

Download eInvoicing capable badge for email signature [PNG, 78 KB] https://www.einvoicing.govt.nz/assets/Images/e-Invoicing/einvoicing-capable-badge-700×235.png