What is InvoiceNow?
InvoiceNow is the ability to send an invoice digitally between the accounting systems of business suppliers and buyers. Unlike sending a PDF file or online invoice via email, the invoice is automatically sent to a buyer’s accounting system through a secure network. So there’s no need for the business to manually handle the invoice. It also works if the two accounting systems are different, because an international standard (Peppol) allows these systems to ‘speak’ to each other.
How does InvoiceNow work in Xero?
Sender
The sender creates an invoice in Xero
Transfer
The invoice is sent via the secure Peppol e-invoicing network
Recipient
The customer sees the invoice within their accounting system, ready to be approved and paid
What are the benefits of InvoiceNow to business owners like me?
1. Invoices won’t get lost in the mail
InvoiceNow ensures invoices are received directly in the other party’s accounting system, so they won’t get lost in the post or in your customer’s email folder.
2. Less admin work = more time saved
When you use Xero’s InvoiceNow-ready online accounting software and register on the Peppol network, the e-invoices you receive appear automatically as a draft bill, in Xero, for you to approve. This eliminates the need for manual data entry, and reduces the risk of errors.
3. Get paid faster
When you make it easier for your customers to pay you by using InvoiceNow and issuing invoices with Xero’s online invoicing feature, you can get paid faster. Xero customers who use online invoice payments (and include an online payment option) get paid up to 25 days faster than those who don’t (Source: Xero internal data, 2019 to 2020).
Register for InvoiceNow in minutes
Step 1
Visit this page (https://connect.invoi.ci/signup/integrate) and click Connect to Xero. Log in to Xero using your Xero credentials.
Step 2
Click Allow access and choose the Xero organisation to connect to Invoici from Storecove.
Step 3
Invoici collects organisational information from your Xero organisation. Review this information and ensure that a unique company identifier is entered in the appropriate field. This should be your organisation’s UEN (Unique Entity Number).
Step 4
Once you’re happy the information is correct, tick the checkboxes and click Confirm Details.
You’ll see confirmation that your Xero organisation is now connected to the Peppol e-invoicing network.
Step 5
Ensure your business is registered for PayNow Corporate as payment for the E-invoicing Registration Grant of S$200 will be disbursed via PayNow Corporate by the IMDA (terms and conditions apply). Visit your banking provider’s website to find out how to register for PayNow Corporate.
Or download our handy guide on how to register for InvoiceNow.
Download guide
Ready to use InvoiceNow in Xero?
Just follow these simple instructions on how to send and receive invoices on the Peppol e-invoicing network.
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Get started on Xero
Xero’s InvoiceNow-ready online accounting software costs as low as US$20 a month
Starter
$ 99 99 USD / Month
Most Popular
Standard
$ 99 99 USD / Month
Premium
$ 99 99 USD / Month