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E-Invoicing (Fatoorah) Software

E-Invoicing (Fatoorah) Software

Implement Electronic Invoicing (Fatoorah) Software fully Compliant as per the requirements of ZATCA

E-Invoice Saudi Arabia is a digital invoice issuing system and a legal requirement for all businesses issuing VAT tax invoices, its 1st phase deadline is Dec 4, 2021 given by Zakat, Tax & Customs Authority (ZATCA) and 2nd phase will be enforced by Jan 1, 2023. The Electronic Invoicing Software generates invoices that are computerized, secure and entirely error-free hence being a ZATCA compliant and modern-day tech-savvy solution.

Go digital with our Effective E-Invoicing Solution

Transform your business and automate all Invoicing & reporting tasks for improved compliance with our Electronic Invoicing Software

The Electronic Invoice Processing Systems are automated software that are used by establishments to boost compliance and for easy payment of taxes. This electronic method helps document everything and keeps it in check. By using this automated system, businesses can be sure that they are fully compliant with the recent invoicing laws that have been passed.

The implementation of an E-Invoice System helps automate invoices and, as a result, gets rid of the error-prone manually produced invoices. It is also completely anti-tampering.

This E-invoice software, ensures that all data is kept safe and protected from any tampering in an affordable price range. This software also uses APIs to allow it to merge with third-party applications.

With the E-Invoicing System, all businesses can easily meet every requirement just by making use of the tools that it is supplied with. Using it, will ease the process of preparing purchase bookings and documenting all financial details since it brings you all the essential digitized solutions. This system also helps you save a lot of time and capital just by automating these tasks and clearing out the need for manual effort. Also, it helps handle orders and inventory seamlessly.

Go Digital With Our Effective E-Invoicing Solution
E-Invoice Compliance Software Breakthrough Features

Handle purchases and take care of invoices while storing all financial records in our cloud-based database!

Generates Electronic Invoices

Generates
Electronic Invoices

The E-invoicing system allows for regular archiving and aids in acquiring correct and updated electronic invoices, along with helping boost a business’s scalability.

QR Code On Tax Invoices

QR Code
On Tax Invoices

One of the conditions established by ZATCA is the presence of QR codes on tax invoices which the E-invoice system fulfills. This element aids in distinguishing E-invoices.

Relevant VAT Details

Relevant
VAT Details

You Get All The Flexibility You Need To Modify And Have Us Evolve Your Software, And Never Limit Yourself To What Is Only Available.

Generate Invoices In XML

Generate
Invoices In XML

The E-invoicing software also allows easy reporting of all data to lawful authorities by providing electronic invoices in the XML style for hassle-free data interchanging.

Anti-tempering

Anti-Tampering

Our Service Makes Sure That You Get An App That Is Of High Quality By Running The System Through All Kinds Of Vigorous Testing.

ZATCA MS

Integration
With ZATCA Systems

Electronic invoicing software allows for integration with ZATCA which is a governmental committee that deals with tax and similar issues for the smooth transfer of tax information.

 

Advance-reporting

Advance
Reporting

Another useful feature is that you can utilize it to gain enhanced reports like budget, revenue situation, etc to make businesses ready for the future.

 

Handling Taxes

Handling
Taxes

It helps speed up and improve the managing taxes via digitizing calculations for removing errors and risks and allowing alterations in line with modification to VAT.

 

Benefits of E-Invoicing Fatoorah Software

Efficiently calculate your taxes with our highly accurate Electronic tax invoice system

Higher Accuracy
Higher Accuracy

Allows easy access to all documents by digitizing them and enhances accuracy by lowering chances of manual errors. Payments are also processed and collected quickly.

Easy Tracking
Easy Tracking

Keeps tabs on invoices to keep you in the loop when invoices are received and paid for, and lowers the use of paper by digitizing records.

Increased Control
Increased Control

By using this software, all data is stored in a centralized system, accessible at all times for you to check and gain special insight via analytics.

Lower Expenses
Lower Expenses

Using this Electronic Invoice Processing System, resources are utilized fully, and helps save up on materials needed for printed invoices and automates for more efficiency.

E-Invoicing Fatoorah Software for leading industries

Stay protected from fraud and meet consumer demands while staying smart with the electronic invoicing software

Manufacturing
BANKING
WholeSale&Retail
HEALTHCARE
HOSPITALITY

Manufacturing

Banking & Finance

Retail & Wholesale

Healthcare

Hospitality

ELECTRONICS
AUTOMOBILES
AGRICULTURE
COSMETICS
EDUCATION

Electronics

Automobiles

Agriculture

Cosmetics

Education

Manufacturing

Manufacturing

BANKING

Banking & Finance

WholeSale&Retail

Retail & Wholesale

HEALTHCARE

Healthcare

HOSPITALITY

Hospitality

ELECTRONICS

Electronics

AUTOMOBILES

Automobiles

AGRICULTURE

Agriculture

COSMETICS

Cosmetics

EDUCATION

Education

Seeking for an E-Invoicing Software?

Get in touch with us to have an insight into all that our Electronic Invoicing Software offers!

We would be happy to provide you more information about E-invoicing

 

E-invoicing FAQ’s

E-invoicing software is a must-have for every organization in KSA. It is a standard requirement implied by Zakat, Tax, and Customs Authority (ZATCA) and should be followed by everyone. This requirement is imposed on businesses to have streamlined procedures and efficient working.

Cordis Technology helps you integrate fully compliant software in your organization, fulfilling all the strict regulations of Zakat, Tax, and Custom Authority (ZATCA). Whether it be your accounting software, sales, or purchase, it is pre-integrated with other software, so you don’t have to hustle for that. Incorporate Cordis Technology’s E-invoicing software in your organization to escalate the growth of your working operations and handle taxes in an authentic and organized way.

The ZATCA compliant Fatoorah E-invoicing system holds two types of invoices:

  • Standard invoice.
  • Simplified invoice.

Standard Invoice:
Well, the standard invoice which is also known as tax invoice, is mainly issued for B2B business and B2G transactions. The type of invoice is utilized for demanding vat input deduction by buyers.

It has to be very clear to the buyer that in phase 1 these invoices can be shared in a given format with the buyer however in phase 2 these invoices could be shared after being evident by ZATCA and cryptographically stamped. Also, the VAT registration number should be added to the invoice if the buyer is VAT registered.

Simplified Invoice:
A simplified invoice is issued to B2C transactions only with the QR code generated from your system. The buyer doesn’t need to hustle manually. However, the QR code is an essential factor to differentiate your invoice from others. These invoices can also be self-billed, but the system will indicate this on the invoice.

There are two phases in which you can enforce an electronic invoicing system in your organization.

Phase 1:
Phase 1 is invoked from 4th December, 2021 and is known as the “generation Phase”.

Phase 2:
The second phase of electronic tax invoice is going to be implemented by 1 Jan, 2023. Therefore, the taxpayers will be informed at least six months before their integration phase starts.

Well, the technical requirements are mostly satisfied by the internal team members in case of in-house built solutions, or service providers (ECR vendors, or software vendors). The taxpayer needs to consult a service provider to comply with electronic invoice processing systems in their organization, or the internal team member to update and comply with the system by 4 Dec, 2021.

The specific requirements are applicable to both the phases, however differs with respect to the type of invoice.

  • Use of electronic systems to generate invoices.
  • QR code is a must on tax invoices.
  • Invoice title. (depending on the type of invoice being generated)
  • VAT number should be written on the invoice.
  • Invoices in XML format.
  • Safety from fraudulent attacks. (Anti-tampering feature)
  • Integration with ZATCA system
  • A few technical requirements (E.g. UUID)

Considerably, these requirements and phases are applied to all the people who are compliant with the VAT regulations or VAT registered.

The data being shown on a simplified tax invoice after scanning from a QR code is listed below:

  • Seller’s name.
  • VAT registration number of the person.
  • Date and time stamp.
  • VAT total.
  • Electronic invoice total with VAT.

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