The first NetSuite all-electric invoice solution is here, fully supporting all-electric invoice sales, receipts, and reimbursement!

From August 28, 2022, the pilot work of all-electric invoice acceptance has been fully rolled out, involving 36 provinces, cities and autonomous regions across the country. With the advent of the era of all-electric invoices, enterprises are faced with the difficult problem of input management of mixed invoices, as well as the challenges of output management such as equipment changes, system upgrades, and difficult management and control.

The traditional invoice management process is difficult to match the management method of electronic invoices. Enterprises need to reconstruct and optimize the new process of reimbursement, accounting and filing for all-electric invoices. Because once the company's invoice management is not standardized, there will be risks of false invoicing, acceptance of false invoices, proxy invoicing and acceptance of proxy invoices, and obtaining non-compliant invoices. Enterprises fall into a deeper tax audit risk.

Hitpoint Cloud actively responds to national policy orientation. Based on in-depth market research and the actual needs of customers in the digital age, Hitpoint China Tax SuiteApp is upgraded again to provide enterprises with the first comprehensive solution for all-electric invoices based on Oracle NetSuite, helping enterprises to solve invoices and tax administration problems. The new version of Hitpoint China Tax SuiteApp will help enterprises' tax management become more standardized, convenient and accurate from the four links of sales invoicing, purchase invoice collection, expense reimbursement, and invoice filing.

Hitpoint China Tax SuiteApp all-electric invoice solution

Sales billing

Invoice management, such as invoice detail filling, invoice delivery and statement delivery, merging/splitting and multi-type invoices and storage, have become a difficult point in fiscal and taxation processing for many companies. Hitpoint China Tax SuiteApp helps enterprises to create invoice documents in ERP, transmits the required billing information to the billing system through the interface, automatically issues all-electric invoices, and writes back the unique invoice number of all-electric invoices to the ERP documents after successful invoicing.

Secondly, Hitpoint China Tax SuiteApp can also help enterprises realize invoice ledger management in ERP. Enterprises can query information on all-electric invoices issued for customers in ERP, which is convenient for financial verification, thereby helping enterprises build smart taxation and realize paper-based taxation. Invoices, paper-electric invoices, and all-electric invoices are automatically issued and delivered.

Purchase receipt
After the promotion and implementation of all-electric invoices, it becomes more and more difficult to verify, check for duplicates, and store them. Hitpoint China Tax SuiteApp can help enterprises automatically obtain the information of all electronic invoices from the electronic tax bureau. Invoices can also be automatically matched with POs. Based on the NetSuite procurement process, after the matching is confirmed, it can automatically generate bills and associate them with PO orders, so as to resolve difficulties such as paperless collection of paper invoices, electric paper invoices, and all-electric invoices, and invoice-driven business.

Reimbursement

In order to help enterprises better cope with the current coexistence of multiple invoices, Hitpoint China Tax SuiteApp can fully support the processing of paper invoices, paper electronic invoices, and full electronic invoices that enterprises face in practice. At the same time, Hitpoint China Tax SuiteApp has realized the full lifecycle management of all electric invoices from collection, analysis, identification, verification, duplicate checking, account entry, deduction, and archiving, helping enterprises to adapt to the full arrival of all electric invoices.

With the implementation of all-electric invoices, enterprises can realize intelligent connections such as business data, financial data, and tax data. Financial and tax-related operations such as declaration, certification and deduction will be simplified, and upstream and downstream data of enterprises can be easily connected.

Hitpoint China Tax SuiteApp can realize the automatic management of all electric invoices, helping enterprises reduce costs and improving financial management level.