- Distinct Purposes: E-invoicing automates invoice exchanges between businesses to enhance efficiency, while e-reporting ensures compliance by submitting transaction data to tax authorities.
- Scope and Process: E-invoicing deals with individual transactions between buyers and sellers, often requiring real-time transmission and clearance. E-reporting involves aggregating transaction data for periodic submission to tax authorities.
- Data and Compliance: E-invoicing uses structured formats for seamless integration with ERP systems, focusing on operational efficiency. E-reporting requires adherence to specific regulatory formats and deadlines to maintain tax compliance.
Source Fintedu
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See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
