Xero is InvoiceNow-ready online accounting software

Xero is InvoiceNow-ready which can speed up your invoicing process, helping you get paid faster for healthier business cash flow. InvoiceNow is free to use with your Xero subscription - learn more about the benefits and the simple steps to get started!

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E-invoicing Registration Grant

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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

Get S$200 with the E-invoicing Registration Grant (ERG)

The Infocomm Media Development Authority (IMDA) of Singapore announced the E-Invoicing Registration Grant that provides businesses with a one-time payment of S$200 (terms and conditions apply) upon first registration to the Peppol network.

Step 1: Ensure your business is incorporated on or before 25 March 2020

Step 2: Sign up for Xero’s InvoiceNow-ready online accounting software

Step 3: Register your business on the Peppol network before 31 December 2020 - just follow these simple instructions.

Step 4: That’s it! You’ll receive a one-time payment of SS$200 (per UEN) from IMDA.

See more details

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.