{"id":36344,"date":"2022-12-13T14:26:56","date_gmt":"2022-12-13T08:56:56","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=36344"},"modified":"2025-04-07T16:46:36","modified_gmt":"2025-04-07T11:16:36","slug":"how-to-generate-e-invoice","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/how-to-generate-e-invoice","title":{"rendered":"How to Generate eInvoice with the Help of Software"},"content":{"rendered":"\n

An analysis by the Credit Research Foundation found that, on average, administrative issues including inaccurate invoices account for 61% of late payments from customers. This is where a well-written, accurate invoice would keep your company running successfully. It displays your professionalism and builds brand image, which will help you keep more clients.<\/p>\n\n\n\n

On contrast, incorrect invoices can confuse your customers, and result in payment delays, eventually impacting your cash flow. It\u2019s crucial to know how to generate eInvoice for B2B transactions and ensure that each billing element is correctly recorded.<\/p>\n\n\n\n

The concept of eInvoice has also come with a blessing. The pandemic, although tough for businesses, served as the impetus for some procurement firms to adopt touch-free technologies (like e-Invoicing) and grow up digitally overnight, thanks to digital invoices. Now the question comes, how to create an eInvoice? You can use software for that. In this article, we will figure out how to generate eInvoice with the help of software.<\/p>\n\n\n\n

<\/span>What is eInvoice?<\/span><\/h2>\n\n\n\n

E-invoicing<\/strong><\/a>, as the name suggests, is the process of electronic invoicing in a portal where they are authenticated by the Goods and Services Tax Network (GSTN). An IRN (Invoice Reference Number) and a special QR code are created for each e-invoice you generate.<\/p>\n\n\n\n

The idea for the implementation of e-invoicing is to ensure that all Indian firms across various industries utilize a standard format, making interoperability easier. Additionally, it ensures that all enterprises remain compliant with the everchanging taxation norms.<\/p>\n\n\n\n

Today, there are multiple software systems available in the market that enable organizations to receive and manage invoices from multiple vendors. In fact, these software solutions enable you to create invoices in several formats, including image-based invoices. It mainly serves as a single platform for managing all information and procedures related to accounts payable.<\/p>\n\n\n\n

Suggested Read: Benefits of Online Invoicing for Small Businesses<\/a><\/strong><\/p>\n\n\n\n

<\/span>Why Is eInvoice Important?<\/span><\/h2>\n\n\n
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\"How<\/figure><\/div>\n\n\n

E-invoicing is crucial for businesses as it assists them in streamlining their invoice processing cycles. Here are some of the most important reasons why you should adopt eInvoice software:<\/p>\n\n\n\n