- 16
- Jan
Since the implementation of Phase Two of electronic invoicing on January 1, 2023, the system aims to achieve integration between sales and purchase processes on a unified electronic platform. This digital transformation helps accelerate the processing, notification, and exchange of invoices between businesses and the Zakat, Tax, and Customs Authority (ZATCA), promoting transparency and contributing to improved economic governance.
Sutumatic is the integrated accounting system that supports these transformations by providing innovative solutions for small and medium-sized businesses to ensure compliance with Phase Two of electronic invoicing.
How Sutumatic Helps You Transition to Phase Two of Electronic Invoicing:
- Full Compliance with ZATCA Requirements: Sutumatic offers a comprehensive solution that ensures the system is connected to ZATCA's "Fatora" platform, allowing the issuance of electronic invoices in two approved formats: XML and PDF/A-3, in accordance with the authority’s requirements.
- Digital Signature and Compliance: Sutumatic securely integrates digital signatures into all invoices issued, ensuring the invoices' validity and their approval by the authority within 24 hours of issuance.
- Simplified and Comprehensive Electronic Invoices: The system supports the creation of simplified tax invoices (inclusive of tax) and full tax invoices containing all required information, such as serial number, issuance date, QR code, etc., in line with Phase Two standards.
- Direct Integration with the "Fatora" Platform: Thanks to seamless integration with the "Fatora" platform, invoices are automatically sent to ZATCA for review and approval. This ensures you meet deadlines and minimizes manual procedures.
- Advanced Financial Reports: Sutumatic provides comprehensive, real-time reports that help you track invoice movements, sales, and inventory, enhancing your ability to make informed financial decisions.
Advantages of Sutumatic in Electronic Invoicing - Phase Two:
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Full Customization of Invoices:
- You can customize the design and format of the invoice to match your company’s identity and customer needs.
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Ease of Use:
- The user interface is simple, ensuring quick adaptation to the system without the need for lengthy training.
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Instant Technical Support:
- A specialized support team is available at any time to assist you, ensuring your business operations run smoothly.
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Compliance with All Regulations:
- Sutumatic keeps up with continuous updates from ZATCA to ensure your full compliance with all regulations and instructions.
How to Prepare for Phase Two of Electronic Invoicing with Sutumatic:
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Update Your System:
- Update or install the electronic invoicing system via Sutumatic to be ready for Phase Two.
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Training:
- Ensure that your employees are trained on how to effectively use the system to issue electronic invoices in compliance with the new standards.
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Issue Trial Invoices:
- Test issuing electronic invoices experimentally to verify compatibility before the deadline for implementation.
