Here are the enhancements for InvoiceNow:
- Support send/ receive from Government Agencies.
- Support PDF attachments.
- Allow editing Reference Number, Payment Term and Amount from supplier.
- Auto apply Debit Note to Purchase Bill.
- Allow Non-GST-registered companies to register InvoiceNow and send/ receive e-Invoice.
Supports send/ receive from Government Agencies.
You can send E-invoice to be Government Agencies as Financio now complies with AGD requirements. Before you can send the E-Invoice to the relevant Singapore Agencies, you will need to setup the additional required information as per below:
P:S: Please read the article here for InvoiceNow Setup.
1. Additional Setup in Business Profile
Email Address & Vendor ID
Both are required fields when you issue the E-Invoice to the Government Agencies. Go to Control Panel > Business Profile. Then you may put in your business email address as well as Vendor ID.
2. Additional Setup in Contact Information
To add the attention field, please go to Contact > View the Government Contact and add in the contact person.
Select a Business Unit in the contact person section. You can see the new dropdown button for the Business Unit. Select the Business Unit that belongs to the relevant Agency.
Once everything is completed, you may start sending E-Invoice to the Government Agencies.
3. Record & Send Your E-Invoice to The Government Agency
Go to Sales > Invoice > Add New and select your Government Agency contact.
Other than the compulsory Invoice fields (label with asterisk), please select the Attention, Contact Address and Purchase No. fields. These are the additional required fields in order to send E-Invoice to the government agency.
Once done, click on Save & Approve. The Government Agency will receive your E-Invoice.
Support PDF Attachments
Now you can attach your PDF files and send them together via E-Invoice. After uploading your files, tick the box "Send attachment via InvoiceNow" and this attachment will be sent together to your customer via InvoiceNow.
You can also choose to re-send or not include the attachment by ticking/unticking the box “Send Attachment via InvoiceNow”
Allow editing Reference Number, Payment Term and Amount from supplier.
Now you can edit your Reference Number, Payment Term and Amount. To edit, open the E-invoice that you receive from the supplier, and edit the relevant fields.
Auto apply Debit Note to Purchase Bill.
When you received a Debit Note from your supplier, it will auto-apply to the relevant Purchase Bill. The purchase bill will automatically knocked off based on the document number provided via E-Invoice.
< Pending Dev>
Allow Non-GST-registered companies to register InvoiceNow and send/receive E-Invoice
Based on the latest requirement from IRAS, InvoiceNow is open for every company in Singapore, including non-GST registered company. If you are a non-GST-registered company, you can now register your InvoiceNow.
To register, go to the Control Panel > Integrated App > InvoiceNow > and click on Register.
Once done, you can see the button as per below:
Click on the Settings Button, and map your tax paid to any account or product. For example, if you select GST expense, the tax amount will go to the GST Expense.
Once you received the E-Invoice from your supplier with the tax, the tax amount will automatically post to the GST Expense Account.