How electronic invoicing works:
active and passive cycle management in Italy
Electronic Invoice is a process that allows both the active and passive cycles of a company's invoices to be managed and stored directly digitally. Electronic invoicing between individuals can become a great opportunity for Italian businesses. It is an opportunity to digitalise business processes, simplifying them and making them innovative, secure and simple. For example, scan a document and store it in PDF, so that it can be dematerialized and reused in business processes, paying attention to the ecological aspect that this innovation brings with it.
The BeOne e-invoice module digitise the processes of the Transferor (Active Cycle) and the Transferee (Passive Cycle). With the digitisation of the passive cycle, the document is automatically recorded in the accounts and the automatic reconciliation process of the estimated costs calculated for the transferee can be implemented, avoiding the manual processes of the supplier invoice control
By digitising the active cycle, the relative invoice is automatically created and forwarded to the SDI, avoiding printing the document and sending it in paper or electronic form.
The obligation introduced by the 2018 Budget Law provides that commercial transactions between VAT numbers are regulated exclusively by electronic invoices in specific XML format, transmitted and received through the Interchange System (SDI). The AgID directives expressed in the Digital Administration Code require the adoption of a system able to guarantee the authenticity of digitized documents, with legal and fiscal value, maintaining their accessibility and immutability for a period of 10 yearsDiscover some advantages
The advantages of E-invoice
- • It reduces the purchase of paper, bags and stamps, reducing printing and shipping costs. In addition, there are no expenses for storage space, reducing manual tasks and time spent searching for archived documents.
- • Business processes are digitized. This is also happening with BeOne when we receive an EDI message and automatically create a shipment. The shipment entry process is digitized, avoiding the costs of data entry, compilation errors and freeing up company resources.