BUSINESS

Electronic Invoices For Flat Rates: Choosing The Best Software

Electronic Invoices

Starting from 1 July 2022, flat-rate payments will also have to issue electronic invoices: how to choose the best software for compiling, sending and storing.

The use of electronic invoicing in Italy has grown exponentially in recent years. From 2019, it was made mandatory for all transactions between private individuals, following the sale of goods and services between subjects residing or established in the country. The holders of a flat-rate VAT number or minimum system were excluded from this charge.

Therefore, more and more realities have had to say goodbye to paper invoicing, adapt to new methodologies, and learn to use digital tools for issuing, sending, and storing accounting documents.

After the first difficulties were easily overcome, they reaped all the advantages of time and cost savings. Choosing good software for electronic invoicing is essential to fulfill your duties and, at the same time, take advantage of a series of features that increase control over your business and allow it to be better organized.

The legislation has also changed, and even those who, until now, had been excluded from the obligation of electronic invoicing will have to start issuing electronic invoices and equip themselves with the necessary tools to send them to the Exchange System managed by the Revenue Agency.

Flat-rate payments will also have to issue electronic invoices and decide which software to rely on for their management. Choosing among the numerous offers on the market and the web, both free and paid, is not easy if you do not know all the features and functionalities that a good platform should have.

News On Electronic Invoicing: Mandatory For Flat Rates

Starting from 1 July 2022, the electronic invoicing obligation will also be extended to taxpayers who possess a flat-rate VAT number or advantage or minimum regime. A decision that comes after the authorization of the European Union to extend the legislation force since 2019 excluded categories. The Council approved it of Ministers with the Law Decree n ° 36 of 30 April 2022.

There are, however, still some exceptions. All flat-rate professionals who do not reach 25 thousand euros in revenues are exempted from the obligation of electronic invoicing, at least until 2024. Furthermore, until 30 September 2022, there will be a transition period in which invoices can be issued up to one month from when the transaction is carried out without incurring penalties for late issuance.

Also Read: Business Management Software: The 5 Trends Of 2021

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