What is InvoiceNow?
InvoiceNow lets businesses send and receive e-invoices directly between their accounting software systems via the Peppol network.
Unlike sending a PDF file or online invoice via email, the invoice is automatically sent to a buyer’s accounting system through the secure InvoiceNow e-invoicing network. And as long as both the sender and receiver are using InvoiceNow-ready software,
e-invoices can be exchanged seamlessly and almost instantly.
How does InvoiceNow work in Xero?
The sender creates an invoice in Xero
The invoice is sent via the secure Peppol e-invoicing network
The customer sees the invoice within their accounting system, ready to be approved and paid
What are the benefits of InvoiceNow?
1. Saves time
Incoming e-invoices (bills) are automatically delivered into Xero as a draft bill so you’ll spend less time manually entering bills and have more time to run your business.
2. Get paid faster
InvoiceNow speeds up the accounts payable workflow by sending your invoice directly into your customers’ accounting software, pre-populated and ready to be processed and paid, so you’re likely to be paid faster.
With no manual intervention for incoming e-invoices, there’s less risk of data entry errors. A direct exchange between accounting software means reduced manual handling for incoming e-invoices (bills), lessening the risk of mistakes.
4. Invoices won’t get lost in the mail
InvoiceNow ensures invoices are received directly into your customer’s accounting system, so they won’t get lost in the post or forgotten in your customer’s email folder.
5. Up-to-date books
Because e-invoices are exchanged in near real time, you’ll have an up-to-date view of your cash flow, allowing you to make informed business decisions.
Register for InvoiceNow in minutes
You can only register with ONE accounting software provider for InvoiceNow. If you register Xero as your preferred InvoiceNow accounting software, all your incoming e-invoices are delivered into Xero. And by sending and receiving your e-invoices in Xero, you’ll have a bird’s eye view of your cash flow to help you make informed decisions.
See how to register and send invoices with InvoiceNow
Download our handy PDF guide on how to register for InvoiceNow.
Explore these guides and resources
No, InvoiceNow is different from online invoicing. Unlike emailing an invoice, e-invoices are sent from Xero via the InvoiceNow network directly into your customer’s accounting software system. Learn more about invoicing in Xero.
When you receive e-invoices via the InvoiceNow network, your incoming e-invoices (bills) automatically display, pre-populated, as a draft bill in Xero. This saves you time manually entering, scanning or emailing your bills into Xero. Learn more about paying bills in Xero.
No installation is required. You only need to connect your Xero account to our InvoiceNow partner, Storecove, to start sending and receiving invoices on the InvoiceNow invoicing network. Just follow these simple instructions.
There’s no change to the way you currently work, but make sure you send e-invoices to your customers’ e-invoicing addresses. Refer to this Xero Central article for detailed instructions.
When you receive e-invoices from your suppliers, the invoices automatically display as draft bills in your Xero account. No manual data entry is required.
The security and integrity of the data exchanged through the OnvoiceNow network relies on encrypted transport using SSL and, additionally, a public key infrastructure (PKI). This ensures that only parties with valid digital certificates can communicate on the Peppol network.
No, IRAS can’t access your invoice under current regulations. However, you do need to comply with any applicable IRAS tax regulations.
Invoici is an access point that allows your Xero organisation to connect to the Peppol network to send and receive e-invoices. Invoici is owned by Xero.