Electronic invoices will soon be mandatory in France for all businesses... here's what you need to remember.
The basic principles of electronic invoice
Major subject today in France, the electronic invoice. This will become mandatory on July 1, 2024 in France. This new obligation is accompanied by significant changes for French companies which must adapt to it.
To support you, Blendy , French digital accounting firm , offers solutions to help companies comply with this new regulation.
Simplify processing
The electronic invoice simplifies the processing of incoming and outgoing invoices , as well as the production of VAT returns . It is an effective solution to facilitate the integration of all incoming invoices into companies' accounting systems.
Ensure compliance
It also offers compliance control of outgoing invoices, which allows immediate rejection of non-compliant invoices . This solution is particularly useful for the integration of supplier invoices into the company's accounting system and to ensure the compliance of customer invoices. Customers also benefit from increased transparency on the progress of invoice processing.
Facilitate issuance and transmission
However, the obligation of the electronic invoice does not end there. From July 1, 2024, large companies will have to accept the receipt of electronic invoices from their suppliers and be able to integrate them into their accounting or business management system.
They must also have the capacity to issue electronic invoices compliant with and be able to automatically transmit them to their customers through a platform that they have freely chosen. This calendar extends until January 2026 for SMEs and VSEs .
How Blendy supports you
It is important for companies established in France to comply with this new regulation to avoid financial and administrative sanctions .
Blendy, a digital accountant , supports companies in this transition by recommending digital solutions such as Pennylane , a complete, intuitive and easy-to-use electronic invoicing platform.
This solution makes it easy to manage incoming and outgoing invoices in compliance with current standards. It also offers an invoice tracking interface allowing customers to follow the progress of their processing.
To find out exactly how we can support you, contact us ! We will be happy to share best practices with you and answer all of your questions.
Contact us to find out how we can help you support the growth of your business!
With Blendy , French digital accountant take advantage of digital accounting to accelerate your finance process and develop your business.
Pennylane , Dext , QuickBooks and Stripe experts, we support digital and IT service companies, e-Commerce, SaaS, SMBs, in France and internationally.