Electronic invoicing, also known as e-invoicing, is when you send an invoice or a bill for something that you bought or sold using the internet instead of on paper. Think of it like sending an email instead of a letter in the mail.
When you use electronic invoicing, you can create an invoice using a computer instead of writing it out by hand. You fill in all the information about what you sold or bought, like the date, the price, and any other details. Then, you send it to the other person's computer instead of putting it in the mail.
Electronic invoicing is a lot faster and easier than paper invoicing. With e-invoicing, you can send and receive invoices instantly. This means you can get paid faster if you are selling something – and if you are buying something, you can pay the invoice more quickly too.
Electronic invoicing also helps to save paper and the environment. Because you are not printing out the invoice on paper, you are not using as much paper as you would with a regular paper invoice. And less paper usage means less harm to the environment!
In summary, electronic invoicing is when you send a bill or an invoice electronically over the internet instead of using a paper bill. It's faster, easier, and helps save the environment.