Intro
Jordan has joined the E-invoicing movement which serves a key role in the digitization of the governmental sector. While this may not be the news for many countries, it is indeed in the Middle East where only a few countries have made it official to adopt E-invoicing instead of traditional invoicing.
This started in 2022 and is still under implementation as the execution process requires time, planning, and accuracy to avoid any data discrepancies. For that, the government has made it official which businesses are mandated for the early stages and which ones are to follow right after.
However, this came as a burden for businesses needing to be better equipped to manage the transformation process from paper invoices to E-invoices. For that reason, we explain how InvoiceQ can be your perfect option to do so while keeping you in the light of all the information you need to be aware of.
Compliance with The National E-invoicing System
To comply with The Income and Sales Tax Department, companies were presented with various options including:
– Implementation of the national E-invoicing system.
– Integrating the company’s current system with The ISTD.
– Relying on a third-party system to manage invoices.
The first option is cost-free as The Income and Sales Tax Department has provided the option to be used by any company that doesn’t own an accounting system, ERP system, billing system, or E-invoicing system to manage their invoices and financial reports.
The second option is practical for companies withinternal systems and a dependable IT team capable of managing the integration process with the Income and Sales Tax Department independently.
Meanwhile, the third option is best suited for companies looking for more advanced E-invoicing systems like the one we have at InvoiceQ. In such cases, we help the company set up the E-invoicing system and integrate it as well so they’re not burdened with any extra work. This means we provide two options here; either using our system or integrating their system on their behalf.
Who Can Use InvoiceQ To Comply with The Income & Sales Tax Department (ISTD)?
InvoiceQ’s versatile solutions have made it possible for companies of different systems to integrate with the national E-invoicing system in Jordan. This includes users of Microsoft Dynamics, SAP, Oracle, Xero, QuickBooks (Desktop & Online versions), JD Edwards, and more. We have developed a dedicated integration method for each of these systems to cater to the specific needs each one of them requires. Thus, our integration solutions cover API, database, and more according to the system type and version.
It’s worth the mention that each solution has been exclusively developed by our experts in the development team, which in turn means all of these solutions are original custom-built ones and are attributed to InvoiceQ.
What Makes Working With Us Convenient?
Working with E-invoicing experts like InvoiceQ is the ideal scenario companies look for, but why? The reasons are simple yet not everyone is capable of and here is why.
-InvoiceQ is Jordan-based; this makes us the best option for companies located in Jordan as we understand national tax laws and legislation better than anyone else. Hence, you won’t have to explain anything to us.
-Having in-depth knowledge of internal laws makes it easy for us to reflect updates in real time on our client’s behalf.
-We know the market better than anyone else. This gives us a competitive advantage over externally sourced systems and a faster ticket to customize solutions that your business specifically needs.
-Our system is comprehensive which gives you the flexibility to utilize various modules simultaneously or as stand-alone.
How To Figure Out Which Integration Option Is Your Best Fit?
Determining the best integration method for your business starts with addressing the challenge you’re facing correctly. For instance, if you have a system and looking to integrate it but don’t have an IT team to handle this for you, you can revert to integration providers like us who’ll then propose a suitable integration method for you.
However, if you don’t have a system at all then your solution starts with implementing an E-invoicing system to manage your invoices while ensuring compliance. This could be easily done through the InvoiceQ system.
Making the right choice isn’t hard at all because we have our experts ready to consult with you and narrow down all best fits till the perfect fit is found and implemented.
Conclusion
An organization’s full potential can only be unlocked by integrating systems correctly and effectively; thereby improving efficiency, accuracy, and performance rates. While it may be a high-risk decision to make to choose an integration solution provider for your business, it’s not a risky one if InvoiceQ is your choice, as our clients’ experiences have proven.
Looking to learn more about integration, E-invoicing, and compliance but not sure how to start? Leave it to our experts and they’ll have it figured out for you. Contact us today and get your free demo!
