Know this everything about electronic Invoices Models

The whole world is moving towards legislating the use of invoicing. Many nations have already launched laws for it and others are progress. However, all nations don’t alloy the same model of invoicing. There are various method to apply Electronic invoicing system in the country. Two of the most popular among them is the clearance model and the post-audit model. Here we are analyzing both these models one by one and which countries have opt them.

The e-invoice clearance model

In the invoice clearance model, the invoice will have to be approved by corresponding tax authority before it is validated and sent. It will be registered directly in the government’s system and the administration will approve the invoice. Before this process, no invoice can be issued to the users. The government and the company will take place in real time. Most of the Latin countries have adopted clearance model. In Europe, Italy is the only country where you can find clearance model. It is implemented there along with B2B Electronic invoicing system.

The e-invoicing post-audit model

In the post-audit model, the companies exchange invoices through regular reports and briefings. They are responsible to answer the public administration. They are made sure to guarantee authenticity, integrity and legibility to their customers. Companies fake the full responsibility of متطلبات الفاتورة الالكترونية  issued received and accounted for. The e-invoicing post-audit model is mainly found in most European countries. However, more and more countries are switching to the clearance model.

Characteristics of the clearance model

With real-time information, the clearance model comes in the package of advantages. Here, we have collected a few of the main characteristics. They are in this way:

• It helps to know the pulse of the economy. 
• It reduces tax fraud and serves as a tool to combat.
• By implementing متطلبات الفاتورة الالكترونية, the companies completely digitalize their invoicing system.
• It helps the company to increase its competitiveness in the market. 
• It offers fluid communication between the company and the public administration.
• It helps companies to completely optimize the system.

Both models are best in their way and offer different features and services to countries.