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ZATCA E-INVOICING WITH DYNAMICS 365

ZATCA E-INVOICING WITH DYNAMICS 365

Microsoft Dynamics 365 – Automated Sales Invoice Distribution – ZATCA E-Invoicing

We’re eager to discover your company’s requirements and provide the tools you’ll need to achieve a successful future as efficiently as possible.

To learn more about e-invoicing with Dynamics 365, contact us for a consultation.

Pagero integrated with Microsoft Dynamics 365

From Dynamics 365 (NAV/BUSINESS CENTRAL/F&O), access Pagero’s open, cloud-based business network and accounts receivable automation solutions straight away.

Send your customers electronic copies of all sales invoices from your Dynamics ERP system, no matter where they are located in the world.

Improve the efficiency of your document flow right now!

For accounts receivable automation, a single digital document flow is required.

ZATCA E-INVOICING IN SAUDI ARABIA

The Zakat, Tax, and Customs Authority (ZATCA) announced the adoption of e-invoicing legislation on December 4, 2021. Organizations may use e-invoicing to save money while also increasing efficiency. They can save time by automating laborious manual activities and may focus on control, business strategy, and increased collaboration with clients and suppliers.

WHAT DO I NEED TO KNOW?

It will be implemented in two steps: the first will begin on December 4, 2021, and the second will start on January 1, 2023.

All taxpayers subject to VAT (excluding those who are not residents of the Kingdom) as well as any party that issues a tax invoice on behalf of a taxpayer subject to VAT are covered by the legislation.

Invoicing and recording debit and credit notes, in particular: an electronic invoice is generated and stored in data files. Paper, unstructured data files, Word, Excel spreadsheets, PDF documents/images, or scanned copies of images are not regarded as e-invoices.

THE ZATCA E-INVOICE PROCESS

Whether you’re a buyer or a vendor, there are elements of the e-invoicing procedure that you must be prepared for once the mandate is established. ZATCA divides the process into two phases.

(1.) Generation: Generate and issue invoices in the ZATCA defined format electronically.)

(2.) ZATCA: submit the invoices to ZATCA.

The sole purpose of the e-invoicing rollout is to save time and money. Businesses may expect the following benefits as a result of adopting e-invoicing:

  • Faster payments
  • Reduced costs
  • Reduced costs
  • Faster processing and payment cycles
  • Increased AP productivity
  • Focus on high-value activities
  • Increased accuracy
  • Improved cash management

Generate invoices automatically. Billing will no longer be a problem for you!

Be Proactive, not Reactive.