What is the Difference Between Digital and Electronic Invoice? - Lucknow

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Introduction to the Electronic Invoicing

An electronic invoice refers to an invoice delivered electronically in a specified or structured form. The standardized data can be sent or received through an organized format in an electronic invoice. EazyBills can help you create fast and secure e-invoices.

Both the sending and receiving methods are in the systematized form, so both methods can equitize and recognize data. In addition to this, the electronic invoicing system includes the data in the specified form, it can be transferred into the accounts payable system of the other business organization which is the buyer.

Benefits of Electronic Invoicing
1- The prime benefit of the electronic invoicing system is to reduce valuable time and cost as it does not need any type of heavily paper-based process.
2 - It has less accuracy in making mistakes.
3- An electronic invoice leads to a significant way of managing the data as it is an efficient method without any intervention of humans.

Introduction to the Digital Invoicing
Digital invoicing means the invoices are generated or managed digitally and can be viewed or processed by people. This invoice is created as PDF files or Word files and other digitally based document formats. We can therefore say that a digital invoice is usually a PDF or Word file that can be readable by humans.

While the concepts of both the terms digital and electronic sound somewhat the same exactly they are different from each other. E-invoicing can produce an invoice with GST with magnificent accounting software like EazyBills.