The explanation of all-electric invoice given by Hainan Provincial Tax Bureau of the State Administration of Taxation is that completely digitized electronic invoice (hereinafter referred to as all-electric invoice) is a brand-new invoice with the same legal effect as the paper invoice and doesn't exist in paper form, It does not need to be supported by media, and does not require application for claiming, checking old invoices and applying for additional versions and quantities. The paper invoices are fully digitized, and the multiple types of invoices are integrated into a single e-invoice, which is a nationally standardized code and automatic delivery of invoices.

All-electric invoice

There is also the following additional information to help us better understand the all-electric invoice:

1. All-electric invoice era, what are the changes and challenges that enterprises will face?

All-electric invoice is the new form of invoice in the era of digital economy, which follows the trend of digital economy. Nowadays, the state is making every effort to promote the digitization process of the industry, and it is expected that, in 2025, it will basically realize the electronic invoice in all fields, links and elements, and realize the deep integration, efficient linkage and comprehensive upgrading of the tax law enforcement, service and supervision with the intelligent application of big data.

Under this important historical time node, how enterprises can make good use of this opportunity to comprehensively promote the tax digital upgrading and intelligent transformation, and transform business and financial information into data assets, laying the foundation for enterprise fiscal digitalization and intelligent transformation, which has become an important issue for enterprise financial managers.

With the implementation of the Golden Tax IV System, the tax authorities will carry out real-time monitoring of the whole life cycle of enterprise tax invoices, and enterprises will face deeper tax audit risks. All-electric invoices have abolished the face limit and implemented the "total credit management" program, and the invoices will be dynamically adjusted according to the tax compliance situation of taxpayers. Once a tax compliance or credit problem occurs, exceeding the warning line of the relevant indicators stipulated by the tax authorities, the invoicing quota may be reduced, temporarily interrupting the invoicing privileges and other kinds of control measures

The era of all-electric invoices is approaching, and the number of electronic invoices will increase dramatically, and the printing of paper will not be possible. The company's main goal is to provide the best possible service to its customers, and the company is committed to providing the best possible service to its customers. Enterprises need to build the capacity of electronic invoices for additional special invoices (checking, verifying, authenticating, accounting and archiving), and reconstruct and optimize the new process of accounting and archiving for all-electric invoices.

At the same time, enterprises also need to strengthen their data management capabilities and big data analysis skills, to better utilize the value of the electronic information brought by the application of all-electric invoices as a data asset, which can be fed into tax planning and fiscal compliance.

2. Response Measures for Enterprises in the Era of All-electric Invoice

Through in-depth market research and based on the new needs of enterprises in the era of digitization, we put forward an integrated solution for finance and tax, which provides a full lifecycle from the collection of all-electric invoices, invoice verification, invoice checking, invoice auditing, invoice authentication, booking to archiving. management, helping enterprises to smoothly upgrade their all-electric invoices.

All-electric invoice collection

All-electric invoice involves complex consumption scenarios, which can be combined with the expense management control to do the in-depth integration of consumption scenarios, integrating air tickets, hotels, train tickets, cars and other enterprise consumption resources, realizing centralized purchasing of enterprise consumption, employee consumption without advances, and all the processes involved in the consumption of the enterprise, transaction and expense management functions in the platform closed-loop management and control. The entire process, transaction and expense management functions involved in corporate consumption are placed in the platform's closed-loop control, which achieves full-process control of expense expenditures and realizes the management of all-electric invoices from the source.

Reference:

1.? State Administration of Taxation, Hainan Provincial Taxation Bureau What is an all-electric invoice?

2. Shengyi Technology All-electric invoice implementation|The era of tax by numbers is coming, how do enterprises respond?