Every country has a specific number of rules when it comes to invoicing, with Australia being no exception. It’s important to ensure your invoices are accurate, legal and compliant with any invoicing regulations as incorrectly issues invoices can create issues and delays in receiving payments. This guide covers everything you need to know about invoicing in Australia, so your business can correctly issue invoices to your suppliers.
Invoicing in Australia
The Australian Taxation Office (ATO) provides an outline of requirements for invoices issued in Australia which serve as a benchmark for what to include on an invoice. While some information is optional depending on your GST status, invoices in Australia should include key pieces of information to be valid:
- the words ‘Invoice’ or ‘Tax Invoice’ clearly displayed, preferably at the top;
- your company or trading name;
- your Australian Business Number (ABN)
- issue date of the invoice;
- itemized list of items sold, including quantity and price;
If your company is registered for GST, you’ll need to include extra information including how much GST is charged.
What is e-invoicing Australia?
As part of the Digital Business Plan, the Australian Government has announced that it aims to mandate e-invoicing for all agencies by July 1, 2022. Electronic invoicing (or e-invoicing) is a more accurate, secure and efficient way for businesses to deal with invoices and avoids the occurrence of unpaid invoices. With e-invoicing, businesses no longer need to print and send physical invoices or e-mail PDF copies for their suppliers to enter into their accounting system.
Invoice clients in Australia with INS Global
We provide a range of corporate service solutions including invoice process outsourcing in Australia. With INS Global as your invoicing partner, we act as a middleman between your company and your clients’ accounting team, ensuring a quick, hassle-free invoicing process. Our service is ideal for businesses of all sizes, from SMEs to multinational corporations.
Easy as 1-2-3
- INS Global gathers the essential information regarding the transaction(s);
- We issue an invoice within 7 days;
- We remit the payment to you within 5 to 7 days.
INS Global: Help for your invoicing needs in Australia
Need to invoice in Australia but don’t know where to start? As Asia’s leading corporate services provider, INS Global can help. Our global team comprise of highly skilled professionals with expertise covering market-entry consulting, legal, tax, and more, so you can rest assured your billing process is in good hands. By leveraging our expertise in these areas, your invoicing process will become more efficient, accurate and effective. Contact our team today to learn more about our invoicing solution in Australia.