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How E Invoicing Technology can help Malaysian Accountants

by waileong for Blog Post
How E Invoicing Technology can help Malaysian Accountants

How E Invoicing Technology can help Malaysian Accountants

Electronic invoicing, also known as e-invoicing or digital invoicing, is the process of creating, sending, and receiving invoices in an electronic format rather than using traditional paper-based methods. It streamlines the invoicing process, reduces errors, enhances efficiency and promotes faster payment cycles. E-Invoicing Software and E Invoice System in an accounting system can help accountants in Malaysia through the following:

e-invoice-system

INVOICE CREATION

An accounting system with E Invoicing software functions allows users to create invoices electronically. Users can input the necessary details in the E Invoice System such as customer information, billing details, product/stock items, quantities, prices and applicable SST taxes.

ELECTRONIC DELIVERY

E Invoicing software through an accounting system facilitates the electronic delivery of invoices to customers. This can be done through various methods such as email, instant messaging platforms such as Whatsapp & Telegram, secure online portals or electronic data interchange (EDI), all with the help of an E Invoice System.

 

INVOICE TRACKING AND MANAGEMENT

An accounting system with the capabilities of an E Invoicing software allows users to track the status of invoices, including whether they have been delivered, viewed or paid. An E Invoice System may provide reminders or notifications for overdue invoices, helping businesses manage their receivables more effectively.

INTEGRATION WITH ACCOUNTING SOFTWARE

E Invoicing software integrates the invoice data with the relevant accounting data, such as customer records, product or service details, tax rates and payment terms. This E Invoice System integration ensures that the invoice information is accurately reflected in the accounting system.

 

COMPLIANCE WITH LEGAL REQUIREMENT

Depending on the country, there may be specific legal requirements for electronic invoicing, such as invoice formats, digital signatures or tax compliance regulations. QNE Accounting Software with an E Invoice System supports these requirements to ensure compliance with SST rules implemented by the Malaysian Government, so QNE Accounting Software can serve as your E Invoicing Software.

e-invoicing-system

If you are interested in E-Invoicing software or an E Invoice System, look no further! QNE Accounting System is capable of handling your E-invoicing needs, bookkeeping and accounting, and government compliance forms and reports!

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