eInvoicing

The ATO is encouraging businesses to use eInvoicing. This is the new, standardised way to send and receive electronic invoices directly through your accounting software – eInvoices are sent directly between buyers’ and suppliers’ software through a secure network.

Once the sender creates the invoice in their software, this information is sent directly and securely to the receiver’s software, ready to be approved and paid.

Read our complete June 2022 TaxWise Business Newsletter here.