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Why Australian businesses need to adopt e-invoicing in 2023

Updated: Apr 6, 2023

Thanks to digital technology, e-invoicing is widely available in Australia. So why do many businesses still invoice manually?


Gary Anders

In The Black, February 2023


More than half of the 1.2 billion invoices generated and exchanged in Australia every year are still prepared manually on paper or PDF. This costs between $27 and $30 per invoice, compared with less than $10 for e-invoicing, according to the Australian Taxation Office.


Benefits include

  • faster processing and payments

  • improved cash flow

  • reduced materials and administration costs

  • and greater efficiency.



 

Comdex Training News & Blogs 2023




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