Electronic invoicing: what is it?

Did you know ? From July 1, 2024, electronic invoicing will gradually become mandatory for all companies subject to VAT.

BtoB invoices must be digitized and deposited on a dematerialized platform. The aim is to lighten the administrative burden for businesses, simplify VAT declarations and limit fraud.

But on what date will you be affected by this obligation? Do you  Electronic invoicing: have to wait until 2024 to digitize your invoices? Find out here everything you need to know about e-invoicing and why you should do it now.

An electronic invoice, also called e-invoice or e-invoicing, is an invoice issued, transmitted and received in dematerialized form.

As for a classic invoice, it must include several mandatory data:

• date of issue
• customer’s SIREN number
• goods delivery address
• etc.

In addition, it must be sent to the customer via a platform which may be the Public Billing Portal (PPF, also called Chorus Pro, for companies billing the public sphere), or any other dematerialization platform.

The main difference with a traditional invoice is therefore the transmission of the document, which must be done electronically.

What obligations for companies in 2024?

Since January 1, 2020, all French companies were already required to send invoices to a public establishment (the State, a school, a hospital, etc.) in electronic format.

To go further, article 26 of law n° 2022-1157 of August 16, 2022 also requires companies established in France to gradually switch to mandatory electronic invoicing .

They must use the Public Invoicing Portal or a private Partner Dematerialization Platform (PDP).

What are the deadlines for electronic invoicing?

All companies are required to create an account via the Public Billing Portal or via a partner and this from July 01, 2024.

From July 1, 2024, all companies subject to VAT will have to accept the receipt of electronic invoices by registering on a platform.

In addition, they must be able to issue customer invoices electronically within the following timeframes:

• July 1, 2024 for large companies (more than 5,000 employees or more than 1.5 billion euros in turnover);
• January 1, 2025 for medium-sized companies (from 250 to 4,999 employees);
• January 1, 2026 for the smallest structures and micro-enterprises (249 employees or less).

Managers of SMEs, microenterprises: what to do in 2024?

If you are subject to VAT, the first step will be to register on the Public Billing Portal or a partner platform to be able to receive any electronic invoices. This rule also applies to Electronic invoicing: micro-enterprises.

Moreover, you do not have to wait New Zealand Mobile Number List  until January 1, 2026 to digitize your own invoices, quite the contrary. You can anticipate and switch to electronic invoicing now. And as of January 1, 2026, you will no longer be able to issue handwritten invoices.

Why adopt electronic invoicing now?

Even though the law indicates a gradual deployment starting in July 2024, we recommend that you switch to electronic invoicing without delay.

Indeed, this procedure has many benefits, both from a financial and practical point of view.

The advantages of electronic invoicing

Opting for an electronic invoicing solution Electronic Phone Number MX  invoicing:  allows your company to:

• save time and simplify accounting;
• generate pre-filled and well-standardized invoices;
• transmit invoices more securely;
• limit paper storage and reduce mailing costs;
• receive payments faster;
• more easily keep invoices for 10 years, according to the regulations in force.