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Monday, 29 January 2024 03:16

What is electronic invoicing?

Written by Karla Gutiérrez
What is electronic invoicing?

The simplest description of what is meant by electronic invoicing is given by its own name: It is an invoice that exists electronically and that fulfills, in all situations and before all actors, the same purposes as a paper invoice, both for issuers and receivers, as well as for interested third parties.

However, it is worth mentioning that there is a very important differentiating element: It has legal weight and fiscal validity thanks to the use of the electronic signature.

It is an automated process through which the issuer of the Documento Tributario Electrónico (DTE) generates it and sends it, by means of software, to the Ministry of Finance, which validates it and places its stamp of receipt.

How can I know from when my company is obliged to issue DTE?

The Ministry of Finance has created a portal so that all taxpayers can know through their NIT ((Número de Identificación Tributaria) if they are obliged to be an electronic invoice issuer and the date that corresponds to them.

Another very common question is: where can I acquire the software to implement electronic invoicing? There are several companies that offer this service, which has a cost, however the Ministry of Finance has this support free of charge.

 

Translated by: A.M

Published in Finances
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