Printing, shipping, and archiving costs of paper invoices are eliminated.
11 Jul
Digitalization is fundamentally transforming the ways businesses and governments operate. One of the most important steps in this transformation is moving accounting and financial processes to digital platforms. Two key concepts that stand out in the digital transformation process are e-Invoice and e-Ledger applications.
What is an E-Invoice?
An e-Invoice is a type of document that has the same legal validity as a traditional paper invoice but is created and stored digitally. It is issued in accordance with the standards set by the Revenue Administration (GİB) and is securely transmitted between parties in a digital environment. It offers many advantages compared to paper invoices.
Some of the advantages include:
Time and cost savings
Faster processing
Printing, shipping, and archiving costs of paper invoices are eliminated.
Environmentally friendly
Reducing paper usage contributes to environmental protection.
What is an E-Ledger?
E-Ledger is the digital version of the general ledger and journal books that companies are legally required to keep. Prepared according to the standards set by the Revenue Administration (GİB), the E-Ledger is stored electronically in compliance with these standards. This eliminates the difficulties associated with physically maintaining, storing, and auditing paper ledgers.
Some of the advantages include:
Digital archiving
Secure digital storage of ledgers reduces archiving costs and eliminates the need for physical space.
Easy access
Secure digital storage of ledgers reduces archiving costs and eliminates the need for physical space.
Time savings
The preparation and storage of ledgers are carried out quickly and smoothly in a digital environment.
The First Steps of Digital Transformation
E-Invoice and E-Ledger are the first and crucial steps of digital transformation. These systems accelerate the digitalization of businesses while making tax processes more transparent and easier. In Turkey, the use of E-Invoice and E-Ledger is mandatory for businesses exceeding a certain revenue threshold. However, companies of all sizes can benefit from the advantages of digital transformation by adopting these systems.
In the journey of digital transformation, E-Invoice and E-Ledger serve as key milestones. These applications reduce costs, increase efficiency, contribute to environmental sustainability, and provide a competitive edge to businesses. With the accelerating pace of digitalization, these systems are expected to become even more widespread and advanced.
By strengthening your business with these steps in the digitalization process, you can prepare for the technologies of tomorrow, today.
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ÇAP
ÇAP Technology Consulting and Software Services Industry and Trade Co. Ltd.
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