Billings
Ecart Pay simplifies business invoicing by providing an integrated solution for creating, managing, and downloading electronic invoices while complying with international tax regulations.
About Billings
In this documentation, we will explore how Ecart Pay enables merchants to efficiently manage their invoicing processes with their customers in compliance with the tax regulations of various countries.
We will cover the key concepts surrounding invoices, their importance, the standard processes for their generation, and how Ecart Pay optimizes these workflows, including handling Digital Tax Receipts over the Internet (CFDI). Additionally, we will present the benefits and specific use cases of this solution.
What Are Invoices?
Invoices are legal documents that detail a commercial transaction between a seller and a buyer. They include information such as the total amount payable, the products or services provided, applicable taxes, and relevant dates.
In the context of Ecart Pay, invoices are digital documents generated and managed in compliance with each country’s tax regulations, ensuring legal and accounting validity.
Why Are Invoices Important?
Invoices are essential for recording commercial transactions, meeting tax obligations, and ensuring transparency in business operations. Additionally, they serve as vital tools for:
- Tax Compliance: Avoiding penalties or fines by adhering to local laws.
- Financial Control: Aiding in income and expense planning and recording.
- Transparency: Providing clarity to both sellers and buyers regarding transaction details.
Typical Workflow for Generating an Invoice
The following illustration shows a possible workflow towards generating an invoice.
Billing Gateways
You can set up and activate billing gateways with providers available in the country where you want to issue invoices.
Activating Billing Gateways
Log in to your Ecart Pay account to activate billing gateways
- Upon logging in, you'll see your Home page.
- Go to Integrations and select Billing gateways. Then, select a provider based on the country you want to issue invoices from.
- Introduce the keys required, you can find them through your provider. After filling the text boxes, go to Save to activate your Billing Gateway.
Note: The API Keys required to setup Billing Gateways are issued by the billing provider, NOT by Ecart Pay.
Common Use Cases
- Multinational Companies: Centralize invoicing on a single platform.
- Growing SMEs: Scale operations without worrying about meeting diverse tax regulations.
- Freelancers or Contractors: Issue valid invoices in Mexico and other countries for international clients.
Ecart Pay Benefits
- International Tax Compliance: Manage invoices in compliance with regulations across multiple countries.
- Process Optimization: Automate invoice generation, validation, and distribution.
- Seamless Integration: Flexible API facilitates integration with existing enterprise systems.
- Expanded Support: Current and future coverage in various countries.
Conclusion
Ecart Pay is a versatile and robust solution for businesses seeking to efficiently and securely comply with tax regulations. With features like invoice generation and CFDI downloading, it simplifies accounting and tax management, allowing businesses to focus on growth.
Updated 6 days ago