Given below are of the advantages and well as disadvantages, to give you proper knowledge about invoicing.įilling out all the invoices through hands can be really tiring, as you will always get the feeling of having your hand fall off, whenever you write invoices every end of the month. They are built with advanced tools and technology, so that they can handle for the work that an invoice does, making it easier for you to breathe fresh air. These things can be done with the help of good invoicing software. There is no need to chase after your clients, to make sure that you are paid by performing, your bookkeeping and multitasking skills. The online invoicing application has proved to be the best solution for generating the invoice, as there is no need of sending invoices separately. The pros and cons of online invoice applicationįor freelancers and small business owners, sending invoices online has become an easy solution to increase the cash flow and keep good relations with their customers. This document will help you understand the advantages and disadvantages of using an online invoicing system, its reason for existence, and small tips. This will help you concentrate on your other business areas and find out solutions to grow your business further. To keep it simple, invoicing online will give you the opportunity to fulfill your entire business competency, without taking too much of your precious time. However, there are many small business owners, who are operating their business online because there are many reasons to do so. It allows you to raise invoices from your online accounted software, which will help in tracking through your accounting records. This will allow you to work in the speed of light, and generate invoices for receiving payments.Īn online invoicing system is a process, which you get to send invoices through emails, where there is no requirement of making physical copies or printing it for your customers or clients’. K.Whether your business is big or small, if you want to be ahead of your competitors, having a high-quality online invoicing application, available from the top invoice companies.There’s a considerable level of abuse in the name 1D1F – Bokpin on giving out GH₵12bn tax exemptions.Zoomlion fails to supply all sanitation equipment despite payments.To pass or not to pass: the case of Affirmative Action Bill over the last 6 decades.Ghanaian politicians have no respect for artistes – Worlasi.Adom Nine Lessons and Carols 2023 to illuminate National Theatre on December 16.7 things truly happy people have learned to remove from their lives.2021 “Best Fish Farmer” yet to receive 2-bedroom house reward.6 thinking styles that transform your brain.3 sweet ways to make a guy feel emotionally safe with you.We have started prosecuting people and they could face some prison terms”. “Under no circumstance should any business ask: do you need VAT invoice or normal invoice that question, amounts to suppression of tax an action which is criminal under the Revenue Administration Act. Gyambrah said, his outfit is bent on blocking revenue leakages within the economy, to rope in more revenue for the country. Section 41 (11) of the VAT Law states that businesses that fail to issue a tax invoice through a Certified Invoicing System contrary to subsection 2 faces sanctions include conviction to a fine of not less than 1000 penalty units or to a term of imprisonment of not less than two years and not more than five years or to both, among others.Įngaging the media, Mr. Beginning October 2022, directors of registered businesses across the country issuing fake invoices, receipts and also failing to file their annual tax returns could face over five years in prison.Īccording to the Head of the Domestic Tax Revenue Division at the Ghana Revenue Authority, Edward Gyambrah, the authority has already started prosecuting some businesses and will continue to descend on others who fail to do good business with customers.
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