Electronic invoicing and digital invoicing are both new-age tools for financial aid. The invoice system helps create, send, and receive bills. EazyBills lets you use the most secure and fast billing software for invoice with GST. Let’s dive into this article to learn the difference between digital and electronic invoices.
What is an Electronic Invoice?
The electronic invoicing system generates and handles invoices electronically. This invoice can be written, sent and received electronically. All the paperwork and human interference are eliminated in this type of invoice. An electronic invoice can be sent through various accounting software that machines can read only. Choose from the best accounting software like EazyBills to get your job done.
In this process, clients can get bills and other information electronically. This system of invoices is efficient to generate and manage as it does not require any paperwork and saves time and money. The electronic invoicing system is processed automatically in the business's accounting system, so it does not require any kind of human intervention, and there is no chance of human error. It is the invoice in which all the data can be transferred between the machines and that's why it is generally not understandable by humans.
What is a Digital Invoice?
On the other hand, there is one more type of invoice which is digital invoicing. A digital invoice is an invoice that can be sent or received digitally, and it essentially can be readable on screen which means it can be viewed by a person. These invoices are generated and shared as PDF files, word files, scans and many more.
Although both the invoices may sound the same as both having the word electronic and digital, that means no paper but there are the differences between the two. As electronic invoicing is an automated and machine-readable process it can`t be viewed or edited by humans whereas a digital invoice is not a fully automatic process, it's not machine-readable, they are created to be read by humans which means there is the possibility of human errors in this as it can be viewed or edit by a person. But digital invoices avoid the need to print the data, and they can be sent or received anywhere in the world.
Comparison between Electronic Invoicing and Digital Invoicing
When comparing both invoices, an electronic invoice is the most beneficial system for sending or receiving bills as it provides more features and has perfect accuracy because all the data is created by the machines, and it also reduces time and effort.
An electronic invoicing is most suitable for large-scale business operations whereas if one is having a small or medium scale business digital marketing is the best solution for that.
Having said that, people have various options to choose the best billing software for electronic invoicing systems. With EazyBills, your electronic billing is now made easy, fast, and secure with a lot of convenient options available.
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