E-Invoice using SAP Business One
E-invoices must adhere to the GST invoicing rules. Apart from this, it should also accommodate the invoicing system or policies followed by each industry or sector. Certain information is mandatory whereas the rest of them are optional for businesses. Also, each e-invoice has to be registered individually and cannot be processed en masse.
E-invoicing in SAP does not mean that the company must create its invoice using the government’s software system. Instead, it means that the company must submit information about their already generated invoice from their ERP system to the Invoice Registration Portal (IRP). On doing this, they receive the unique IRN (Invoice Reference Number) and a QR code from the portal, which needs to be printed/displayed on their invoice. The broad process flow of the E-invoicing system is displayed below.