A NAV-lab APP to manage your e-invoincing
FE LITE CLOUD for Dynamics 365 Business Central
Invoices are generated in XML format (required by law) inside the ERP Microsoft Dynamics 365 Business Central, in order to be then trasmitted to the “Italian Revenue Agency” (Agenzia delle Entrate) through the SDI intermediary.
FE LITE CLOUD is an essential APP to comply with the law about the electronic invoicing, by Microsoft Dynamics 365 Business Central.
It is a pre-requisite for the APP FE FULL CLOUD, which adds an integrated dashboard in Dynamics 365 Business Central accounting, so you can manage the complete process to generate, issue, register and store invoices within ERP.
E-INVOICING AND DIGITAL STORAGE: the Italian legal requirements
The 2018 Italian Budget Law (Legge di Bilancio 2018) entered into force on 1st January 2018: E-invoicing and digital storage has become compulsory for enterprises and parties with IVA (the Italian VAT).
What is the electronic invoicing?
Electronic invoicing (also called e-invoicing) is a form of electronic billing. E-invoicing methods are used by trading partners, such as customers and their suppliers, to present and monitor transactional documents between one another and ensure the terms of their trading agreements are being met. These documents include invoices, purchase orders, debit notes, credit notes, payment terms and instructions, and remittance slips.
It is part of the digitisation process that allows the changeover from paper files to digital files and documents.
What is the digital storage?
It is the management of the entire process of documents archiving, digital signature and e-invoicing digital storage for 10 years, including incoming/outgoing invoice notifications and the monitoring of the request outcome, in accordance with Italian regulations.
How to manage B2B E-invoicing, according to the Italian Law
The 2018 Budget Law stated that electronic invoices must be transmitted through the Exchange.
The parties involved are your business/company, the Exchange System (the Italian SDI) and your addressee counterparty.
Your customer company (o the addressee Administrations) provides you its e-invoice code, that has to be reported with the other details and data relevant for fiscal purpose (for example: VAT number).
Once the invoice has been issued, you have to add your digital signature, so to guarantee its source.
Next, the e-invoice goes through the EXCHANGE SYSTEM, which will carry out checks on it, until the addressee counterparty, for ex. your customer, that will proceed to the payment.
At the same time, you will receive outcomes about the trasmission of invoices to the SDI Exchange System and its sending to the receiving firms. So, you can monitor the request outcome (acceptance or rejection) and correct possible errors.
FE LITE CLOUD advantages
Prepare your e-Invoice in an easy way and in accordance to the Italian law
FE LITE CLOUD for Dynamics 365 Business Central allows to generate and issue your e-invoices in just a few clicks, depending on the number of the available invoices on the ERP. The e-invoicing managament is complete and in accordance with the italian laws, in sales and purchasing cycle invoicing.
FE LITE CLOUD for Business Central is a valid aid in your accounting departments, thanks to an easy and fast forwarding of your accounting documentation to the Italian Revenue Agency, through SDI intermediary.
MEET YOUR USERS’ NEEDS
Managing the e-invoicing out of the management software is a hard work and it causes huge costs and waste of time.
The same is true for preparing files and transferring them from the web portal of the Italian Revenue Agency or SDI intermediary to the ERP and vice versa, because errors and omissions may occur.
AUTOMATE YOUR PROCESSSES
Your accounting clerks can invoice quietly and safely, as for sales and purchasing e-invoicing, because everything is set up to be done smoothly: you can transfer your e-invoices to the Italian Revenue Agency through the intermediary you choose.
FE LITE CLOUD BENEFITS
- It integrates your customers’ database and tables with the data to issue the invoices, saving a lot of time and avoiding manual errors.
- You can manage all the CIG e CUP information about e-invoicing to the Public Administration.
- All the information, obtained from your database, is saved on sales cycle invoicing documentation.
- As for the purchasing cycle invoicing, instead, FE LITE allows you to download the e-invoices from the SDI, checking them; it also allows you to enter them into in Microsoft Dynamics 365 Business Central, smoothly.