1. VAT invoice enables the company to deduct the input tax, thus reducing the tax burden.

2. As a legal and effective accounting voucher, invoices help enterprises to accurately calculate costs and profits.

3. Invoices help companies to analyze business prospects and profits and losses, and play an important role in financial management.

4. Invoice is the basis for tax collection by tax authorities, which helps enterprises to operate in compliance and avoid tax risks.

5. Invoice is a means for the state to supervise economic activities and maintain economic order, which helps to protect the safety of state property.

The role of invoice management:

1. Standardize financial processes: Through invoice management, the company can standardize financial processes and ensure that all revenue and expenditure activities are supported by legal and valid vouchers;

2. Preventing financial risks: As an important financial voucher, the management of invoices helps to prevent financial fraud and internal fund misappropriation;

3. Improve tax compliance: Correct invoice management helps companies to abide by tax laws and avoid tax penalties caused by invoice problems;

4. Optimize cost control: By reviewing reimbursement invoices, the company can better control costs and avoid unnecessary expenses;

5. Enhance corporate reputation: standardized invoice management reflects the professionalism and integrity of the company and helps to enhance corporate image;

6. Convenient financial analysis: Orderly invoice management provides accurate data basis for financial analysis and helps enterprises make more reasonable business decisions.

To sum up, invoice reimbursement can not only reduce the tax burden and ensure the accuracy of accounting, but also be of great significance to financial management, compliance management and national economic supervision, and is a key tool to safeguard the safety of enterprises and national property.

Legal basis:

Measures of People's Republic of China (PRC) Municipality on Invoice Management

Article 19

Units and individuals that sell goods, provide services and engage in other business activities collect money from foreign operations, and the payee shall issue invoices to the payer; Under special circumstances, the payer will issue an invoice to the payee.

Article 21

Invoices that do not meet the requirements shall not be used as financial reimbursement vouchers, and any unit or individual has the right to refuse them.

Article 22

Invoices shall be issued in accordance with the prescribed time limit, sequence and columns, all of which shall be issued at one time and stamped with special invoices. No unit or individual may commit the following acts of falsely issuing invoices: (1) Issuing invoices that are inconsistent with the actual business conditions for others and themselves; (two) let others issue invoices for themselves that are inconsistent with the actual business situation; (three) introduce others to issue invoices that are inconsistent with the actual business situation.

People's Republic of China (PRC) tax collection management law

Article 21

The tax authorities are the competent authorities of invoices, and are responsible for managing and supervising the printing, purchasing, issuing, obtaining, keeping and cancellation of invoices. Units and individuals shall issue, use and obtain invoices in accordance with regulations when buying and selling commodities, providing or receiving business services and engaging in other business activities. Measures for the administration of invoices shall be formulated by the State Council.