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Singapore InvoiceNow: A Smarter Way to Handle E-Invoicing with SQL Account

  • Agnes Lee
  • Mar 19
  • 2 min read

As Singapore moves towards a more digital and efficient business environment, InvoiceNow has become a game-changer for companies looking to streamline their invoicing processes. This nationwide e-invoicing initiative, based on the Peppol network, allows businesses to send and receive invoices electronically, ensuring faster payments, reduced errors, and improved efficiency. The good news? SQL Account fully supports InvoiceNow, making it easier than ever to transition to digital invoicing.


What is InvoiceNow?

InvoiceNow is Singapore’s nationwide e-invoicing framework that allows businesses to exchange invoices directly through the Peppol network. Unlike traditional PDFs or email invoices, InvoiceNow transmits structured invoice data from one accounting system to another, reducing manual entry and errors.


Why Should Businesses Adopt InvoiceNow?

  • Faster Payments – Invoices are processed quickly, improving cash flow.

  • Fewer Errors – Eliminates manual data entry mistakes.

  • Cost Savings – Reduces paper, printing, and administrative costs.

  • Future-Proofing – Stay ahead of regulatory changes and digital trends.


SQL Account + InvoiceNow: A Seamless Integration

SQL Account has integrated InvoiceNow functionality, allowing businesses to send and receive e-invoices directly within the software. Here’s how SQL Account enhances your InvoiceNow experience:

  • Direct Peppol Network Integration – Send e-invoices securely without additional third-party software.

  • Automated Invoice Processing – Reduce time spent on manual data entry and reconciliation.

  • Accurate Financial Reporting – Ensure all invoices are captured correctly for smooth accounting.


How to Get Started with InvoiceNow in SQL Account?

  1. Ensure Your Business is Peppol-Ready – Register for InvoiceNow via IMDA’s Peppol network.

  2. Update SQL Account – Ensure your software version supports InvoiceNow.

  3. Start Sending & Receiving E-Invoices – Enjoy the benefits of a fully digital invoicing system.


Final Thoughts

With InvoiceNow and SQL Account, your business can transition to e-invoicing effortlessly. Enjoy faster payments, enhanced efficiency, and full compliance with Singapore’s digital economy initiatives.


Ready to adopt InvoiceNow? Contact us today and let SQL Account simplify your invoicing process!




 
 
 

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