Germany's Businesses Embrace E-Invoices with ZUGFeRD and XRechnung
German businesses are increasingly adopting e-invoices, with ZUGFeRD and XRechnung being common formats. Software solutions from companies like Lexware, DATEV, and Buhl Data Service (WISO Steuer) simplify e-invoice creation and sending, ensuring compliance with GoBD guidelines. This shift towards digital invoices promotes sustainability and efficiency.
E-invoices, like ZUGFeRD and XRechnung, are digital documents that combine PDF files with embedded XML data, making them machine-readable. They must comply with GoBD guidelines and be retained unalterably for tax purposes. Successful transition involves analyzing current processes, choosing suitable software, and training employees.
Companies like eBill Service GmbH assist businesses in creating legally compliant e-invoices efficiently. By switching to electronic invoices, companies eliminate printing, postage, and archiving costs. Moreover, e-invoices can be automatically checked and booked, speeding up processing times.
The shift to e-invoices, particularly ZUGFeRD and XRechnung, is gaining momentum in Germany. Software solutions from various providers simplify the process, making it easier for businesses to adopt. This change not only promotes sustainability but also enhances efficiency and reduces costs in accounting processes.
