Flashcard E-Invoicing Benefits and types

Front

BENEFIT E-Invoicing 1

Back

E-Invoicing helps in reducing manual processes and avoiding errors.

Front

BENEFIT E-Invoicing 2

Back

E-Invoicing facilitates the submission of taxation forms.

Front

BENEFIT E-Invoicing 3

Back

E-Invoicing improves operational efficiency.

Front

BENEFIT E-Invoicing 4

Back

E-Invoicing digitizes tax and financial reporting.

Front

Types of e-Invoice

Back

Four types of e-Invoice: Invoice, Credit Note, Debit Note, Refund Note

Front

Invoice

Back

A commercial document that itemizes and records a transaction between a supplier and buyer, including issuance of self-billed e-Invoice to document an expense.

Front

Credit Note

Back

A commercial document issued by a supplier to correct errors, apply discounts, or account for returns in a previously issued e-Invoice, with the purpose of reducing the value of the original e-Invoice.

Front

Debit Note

Back

A commercial document issued to indicate additional charges on a previously issued e-Invoice.

Front

Refund Note

Back

A document issued by a supplier to confirm the refund of the buyer’s payment, used in situations where there is a return of monies to the buyer.