You can create an e-invoice for your business transactions in Singapore. Currently, Singapore is moving away from paper invoices as the government encourages private organisations to use e-invoices rather than manual invoicing.
The government of Singapore implemented a nationwide e-invoicing network in 2019 to help businesses improve efficiency, lower costs, receive payments faster and go green at the same time.
The authorities have made it easier for companies to adopt online invoicing by using e-invoicing solutions on their website www.imda.gov.sg.
To send invoices, there are various options available, starting from hiring services to using a software application.
Alternatively, you can use popular tools like Microsoft Word, Excel, or Google Docs for creating simple invoices. With the availability of various business invoicing templates available, you do not have to create one from scratch.
Be sure to include the following information to create your invoices:
- Company name
- Contact information (phone, email, or fax)
- Date of invoice
- Invoice number
- Product/Service description
You can also automate your invoicing process, and streamline your financial data by hiring a service provider like Osome to take care of this for you. This way, you can better use your time by focusing on your core business areas.