Recently, 15 provincial (municipal) tax bureaus, including Tianjin, Hainan, Guangxi and Dalian, issued a document at the same time to receive invoices issued by some taxpayers in Inner Mongolia Autonomous Region, Shanghai and Guangdong Province (excluding Shenzhen) (hereinafter referred to as "pilot taxpayers") through the electronic invoice service platform as invoice recipients from August 28. This means that, starting from August 28, the all-electric invoice pilot work has been extended to 36 regions in China, among which: 3 pilot invoicing regions are Guangdong (excluding Shenzhen), Shanghai and Inner Mongolia; 33 invoice-receiving regions are other than the above-mentioned pilot invoicing regions.

As a new type of invoice, all-electric invoice has the advantages of digitalization of all fields, all links and all elements, which brings more convenient invoicing and invoicing experience for taxpayers and will lead the digital transformation of the supply chain of industrial chain, significantly reduce the management costs of invoicing, delivery, entry, reconciliation, storage and filing of upstream and downstream enterprises, and improve the efficiency of transactions.

From the overall upgrade path, it is suggested that enterprises should focus on "all-electricity" invoicing from different perspectives by dividing it into short-term goals and medium- and long-term development strategies. Among them, the long-term goal is to achieve tax-empowered business development through the integration of business finance and taxation; the short-term goal is to pay more attention to the capabilities that sales and input management should have immediately.

What capabilities need to be upgraded on the sales side?

l  Dual-track management of "all-electric" invoices + tax-controlled invoices, with the ability of accurate and compliant invoicing of both kinds.

l  The ability to automatically judge and call different invoicing modes, channels and equipment according to business needs, and the ability to automate and intelligently issue and deliver invoices.

l  The ability of all-tax declaration and automated application.

l  The ability of statistical analysis of invoicing and invoice usage data from the enterprise perspective.

Response Strategy:

Parallel dual-track invoice management solution of Baiwang.com. It supports the whole process of "all-electric invoice" collection, allocation, issuance and delivery, and "tax-controlled invoice" collection, issuance, delivery and copy and counter-write. It provides complete itemized data for the enterprise tax management system, data support for the balance of tax burden of each group company, and a feasible technical platform for the construction of the financial sharing center system.

On the input side, what capabilities need to be upgraded?

l  The ability to extract and apply all invoice data such as face elements and additional elements in all-electric invoice documents.

l  The ability to unify and automate the collection, checking and parsing management of all-electric invoices and tax-controlled invoices.

l  Ability to obtain compliance, signature verification, layout processing and preservation and archiving of all-electric invoice xml source files.

l  The ability of automated and real-time risk control and data analysis.

Response strategy：

Baiwang.com input invoice management solution helps enterprises centralize control of input invoices and realize the digital management of the whole process of all-electric invoices from downloading, previewing, collecting, checking, crediting, deducting and archiving. Comprehensively improve the efficiency of enterprise input invoice management. Control tax-related risks related to input invoices. Enhance the efficiency of invoice data collaboration, interaction, analysis and management. Comprehensively play the value of data as the productivity element of digital assets in the new era of enterprises.

Summary：

As the saying goes: more understanding, early preparation, no chaos afterwards.

All-electric invoices have been fully rolled out, and both invoicing enterprises and invoice-receiving enterprises should be prepared to switch from tax-controlled invoices to all-electric invoices. As the contractor of Golden 3 and Golden 4 system of State Administration of Taxation, Baiwang.com will adhere to the tenet of "service first, customer first".

l  Help customers to build and iterate the systems of invoicing for sales items, invoicing for input items, expense control, tax declaration, risk control, electronic entry vouchers and electronic accounting files in real time according to the development of Golden Tax IV to realize automated and digitalized ticket and document management capabilities.

l  Help customers to connect with financial accounting, sharing center and other existing systems to open up the practice of digital management of the whole process.

l  Help customers build unified electronic documents and electronic data interaction adapted to various brands and systems, comprehensively open internal and external data silos, and enhance the ability of enterprises to share and control and interact with electronic documents and data automation across systems, boards, institutions and ecologies.

l  It helps customers establish digital management and compliance risk control capability with invoice data as the core, and empowers the integration and upgrading capability of industry, finance and tax.