XERO - PEPPOL
What is Peppol e-invoicing?
Peppol Electronic invoicing (or E-invoicing) is the ability to send an invoice digitally between the accounting systems of business suppliers and buyers. Unlike sending a PDF file or online invoice via email, the invoice is automatically sent to a buyer’s accounting system through a secure network. So there’s no need for the business to manually handle the invoice. It also works if the two accounting systems are different because an international standard (Peppol) allows these systems to ‘speak’ to each other.
What does this mean for business owners like me?
1. Invoices won’t get lost in the mail
E-invoicing ensures invoices are received directly in the other party’s accounting system, so they won’t get lost in the post or in your customer’s email folder.
2. Less admin work = more time saved
When you use Xero’s Peppol- ready online accounting software and register on the Peppol network, the e-invoices you receive appear automatically as a draft bill, in Xero, for you to approve. This eliminates the need for manual data entry, and reduces the risk of errors.
3. Get paid faster
When you make it easier for your customers to pay you by using E-invoicing and issuing invoices with Xero’s online invoicing feature, you can get paid faster. Xero customers that issue online invoices (and include a payment option) enjoy a 43% reduction in average debtor days from 2015 to 2018 (Source: Xero internal data).
How do I sign up for E-invoicing
Follow these simple instructions to sign up to the Peppol network, and send & receive invoices.
Other Xero features that will simplify your business
Direct bank connections
Xero connects with major banks like DBS, HSBC, OCBC and UOB in Singapore so your transaction data gets sent directly from your bank into Xero.
800+ third-party apps
Payroll, HR, inventory, time tracking, expenses and more all integrate with Xero.
IRAS tax compliant
Make life simpler with automatic GST F5 calculations for easy IRAS filing.