Transform Your E-Invoicing Journey with Our Phase II, E-Invoicing Service
Elevate efficiency and accuracy in your financial processes. Our ZATCA compliant Phase II E-invoicing solutions seamlessly integrate with Tally ERP, Dynamics 365, and SAP, simplifying your invoicing tasks and revolutionizing your business. Simplify your invoicing with our E-Invoicing solutions. Eliminate manual errors, streamline workflows…more
Automated Invoicing
Reduce manual effort with
automated invoicing processes
Seamless ERP Integration
Integrate effortlessly with Tally ERP, Dynamics 365,
and SAP for a cohesive financial ecosystem.
Error Elimination
Minimize errors and ensure accurate
transactions with our E-invoicing solutions
Time-Efficient
Save time on invoicing tasks,
Tally ERP, Dynamics 365, and SAP
What is GoAgile's
E-invoicing
Solutions?
In today’s fast-paced business environment, efficiency and accuracy in financial
transactions are more critical than ever. E-invoicing, or electronic invoicing, is
transforming the way businesses manage their billing processes. GoAgile is at the
forefront of this transformation, offering state-of-the-art e-invoicing solutions that
streamline your invoicing process, reduce errors, and ensure compliance with
regulatory requirements.
Our solutions are designed to cater to businesses of all sizes,
providing a seamless, secure, and efficient way to handle invoicing electronically.
With GoAgile’s e-invoicing services, you can expect enhanced accuracy, faster payment
cycles, and a significant reduction in administrative costs.
Join the many businesses that
have already benefited from our innovative e-invoicing solutions and take a step
towards a more efficient and paperless future.
E-invoicing and Tax Invoices in Saudi Arabia
E-invoicing in Saudi Arabia is a significant regulatory development implemented by the Zakat, Tax and Customs Authority (ZATCA). The e-invoicing mandate requires businesses to generate and store invoices electronically, ensuring compliance with VAT regulations.
This process includes the issuance of tax invoices and simplified invoices, which must adhere to specific standards and formats set by ZATCA.
Key Components of
E-invoicing
in Saudi Arabia
Tax Invoices: These are issued for B2B transactions and must include detailed information such as the VAT number of both the supplier and the customer, invoice date, and total amount including VAT.
Simplified Invoices: These are typically used for B2C transactions and require less detailed information compared to tax invoices but still need to comply with ZATCA’s standards.
Integration Waves and Company Revenue Thresholds
The implementation of e-invoicing in Saudi Arabia is being
rolled out in phases, with different deadlines and requirements
based on company revenue thresholds. This phased approach
ensures that all businesses have adequate time to comply with
the new regulations.
Phases of E-invoicing Implementation
Phase 01 (Generation)
Started on December 4, 2021. All taxpayers subject to
VAT were required to generate and store invoices
electronically.
Phase 02 (Integration)
Also known as the “Integration Phase,” it began on January 1, 2023. This phase
mandates the integration of taxpayers’ e-invoicing systems with ZATCA’s
platform for real-time invoice sharing and validation.
Integration Waves Based on Revenue Thresholds
Wave 1: Applies to businesses with annual revenues exceeding SAR 3 billion.
These businesses were required to comply by January 1, 2023.
Wave 2: Targets businesses with annual revenues exceeding SAR 500 million.
The compliance deadline was July 1, 2023.
Wave 3: Includes businesses with annual revenues exceeding SAR 100 million.
The deadline for these businesses is January 1, 2024.
Subsequent Waves: Future waves will progressively include smaller businesses,
ensuring all taxpayers are eventually covered under the e-invoicing mandate.
Frequently Asked Questions
E-invoicing, or electronic invoicing, is the process of sending and receiving invoices in a digital format. It eliminates the need for paper-based invoices and allows for seamless integration with your accounting software, ensuring accuracy and efficiency.
GoAgile’s e-invoicing solution works by integrating with your existing financial systems to send, receive, and process invoices electronically. Our platform automates the entire invoicing process, from invoice creation to payment, ensuring a smooth and error-free workflow.
E-invoicing offers numerous benefits, including:
- Reduced paperwork and administrative costs
- Faster payment cycles
- Improved accuracy and reduced errors
- Enhanced security and compliance with regulatory standards
Better tracking and reporting capabilities
Yes, security is a top priority for us. Our e-invoicing solution uses advanced encryption and secure protocols to ensure that all your financial data is protected. We also comply with industry standards and regulations to provide you with a secure invoicing platform.
Absolutely. Our e-invoicing solution is designed to integrate seamlessly with most accounting and ERP systems. This ensures a smooth transition and allows you to continue using your existing software while benefiting from the advantages of e-invoicing.
Getting started is simple. Contact our sales team to schedule a consultation. We’ll assess your current invoicing processes and provide a tailored solution to meet your needs. Our team will assist you with the implementation and provide ongoing support to ensure a successful transition to e-invoicing.
E-invoicing is beneficial for businesses in various industries, including retail, manufacturing, healthcare, finance, and more. Any business that handles invoicing can benefit from the efficiencies and accuracy provided by e-invoicing.
Our e-invoicing solution meets all relevant local and international compliance standards, ensuring that your business remains compliant with regulatory requirements. We stay updated with the latest regulations to provide you with a solution that is always in line with current standards.
Yes, e-invoicing contributes to sustainability by reducing the need for paper-based invoices, thereby lowering your environmental footprint. It’s an excellent step towards a more sustainable and eco-friendly business practice.
We provide comprehensive support to ensure the success of your e-invoicing implementation. Our team is available to assist with any questions or issues that may arise, offering continuous support and regular updates to keep your system running smoothly.
Ready to Revolutionize Your Invoicing Experience?
We provide comprehensive support to ensure the success of your einvoicing implementation. Our team is available to assist with any questions or issues that may arise, offering continuous support and regular updates to keep your system running smoothly.