Easy E-Invoicing with Financio Accounting
Send and receive E-invoices directly between your Financio Accounting software and the Singapore government through the InvoiceNow network, now enhanced with GST InvoiceNow for faster, more accurate, and compliant invoicing.
E-Invoicing for Financio Accounting Businesses in Singapore
Financio Accounting users can send and receive E-Invoices with businesses and Singapore government agencies registered under the InvoiceNow network.
With Financio Accounting, you can now send and receive E-Invoices through both InvoiceNow and GST InvoiceNow. Singapore’s nationwide E-Invoicing network powered by Peppol, ensuring compliance, accuracy, and efficiency.
InvoiceNow uses the Peppol network
E-invoices are sent between accounting systems via Peppol’s secure global public network rather than email.
Government committed to E-Invoicing
The Singapore government leads the way on E-Invoicing, and all government departments can receive E-Invoices.
Bills automatically prepopulated
E-Invoicing does away with manually entering bills, reduces errors and delays getting paid, and lowers costs.
Free registration for InvoiceNow
Register with the Peppol network from within Financio Accounting using your CorpPass to start receiving E-Invoices.
•Total annual supplies refer to the total value of standard-rated, zero-rated and exempt supplies made in all the prescribed accounting periods ending in calendar year 2025.
• Further details and information on the GST InvoiceNow Requirement implementation dates and phases will be available in the subsequent edition of the e-Tax Guide.
• IRAS will inform GST-registered businesses that were registered before 2026 of their respective mandatory implementation date by mid-2026. In the meantime, existing GST-registered businesses may self-help and use the Excel calculator to determine their applicable implementation date: GST InvoiceNow Implementation Date Calculator (XLSX, 48.9KB)
GST InvoiceNow Requirement
GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network. This mandatory participation will be implemented progressively:
From 1 November 2025, for companies that register for GST voluntarily within 6 months of being incorporated.
From 1 April 2026, for all new voluntary GST-registrants.
Learn about the Singapore Government’s GST InvoiceNow requirement
Benefits of E-Invoicing
According to the Singapore government, E-Invoicing offers businesses several key advantages:
- Faster Payments: Receive payments quicker with direct, electronic invoice exchange.
- Greater Efficiency: Eliminate tedious manual data entry and save time with simplified processes.
- Reduce Costs: Reduce operational expenses and errors through a more streamlined invoicing workflow.
E-Invoicing for Financio Accounting Businesses in Singapore
Financio Accounting users can send and receive E-Invoices with businesses and Singapore government agencies registered under the InvoiceNow network.
With Financio Accounting, you can now send and receive E-Invoices through both InvoiceNow and GST InvoiceNow. Singapore’s nationwide E-Invoicing network powered by Peppol, ensuring compliance, accuracy, and efficiency.
Join Our Free GST InvoiceNow Webinar
- Learn How to enable and submit GST InvoiceNow
- Live Q&A to answer all your GST Invoicenow questions.
- Practical demo – see how it works before you start!
Date: 14 April 2026 Time: 3:00PM - 4:00PM
E-Invoicing Experience with Financio Accounting
Starting from 1st April 2024, Financio Accounting software allows the: |
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Easy Invoicing (InvoiceNow)
Financio is InvoiceNow ready. Financio Accounting users can now enjoy sending and receiving E-Invoices for FREE. Join InvoiceNow now!
Generate Compliant Invoices
Create invoices that are 100% compliant with InvoiceNow requirements. This ensures that all your invoices meet the necessary standards and reduces the risk of non-compliance.
Almost Real-Time Validation
Financio Accounting provides almost real-time validation of invoices, helping you avoid errors and ensuring your documents are correct before submission.
Easy Invoice Tracking
Track your E-Invoices conveniently within Financio Accounting. See if they've been submitted, validated, rejected, or cancelled - all in one place!
Streamlined Reporting
Financio E-Invoice simplifies B2B, B2C & B2G invoicing with seamless InvoiceNow reports. This includes transactions with multiple currencies, recurring billing, dividend payments, and supplier payments. Ensuring all your E-invoices comply with InvoiceNow regulations.
Invoice efficiently
InvoiceNow is a quick, easy and secure way to send and receive E-invoices directly into a business’s accounting software. E-invoices are sent via the Peppol.
How to Set-Up InvoiceNow in Financio Accounting
Step 1: Register InvoiceNow Account
As announced by IMDA, Peppol E-Invoicing is now known as InvoiceNow. In line with the changes, we have made the necessary changes across all our new product's labelling and documents.
Step 2: Setup E-Invoices in Financio
Key in your Vendor ID, enter your email, set up the contact and update business unit and save your setting.
Step 3: Send out your E-Invoices by using Financio
Create Invoice/Credit Note as usual in Financio, users can check the status of the Invoice at the InvoiceNow tab once the E-Invoice is received by the recipient successfully.
Frequently Asked Questions
InvoiceNow, unlike paper invoice, allows direct transmission of invoices in structured digital format from one finance system to another using the Nationwide e invoicing network which is based on Peppol, allowing for the invoice to be flipped to E-payments such as Paynow directly.
In a common business scenario today, a PDF e-invoice is sent to the recipient organisation by email. This is a single-sided operation requiring your recipient to re-enter the details of the invoice into their own accounting system (e.g. accounts payable). A more complete e invoicing solution should include the transmission of data from supplier system to buyer system without human intervention and potentially allow for the InvoiceNow invoice to be paid seamlessly.
Any company authorised personnel can register for a Peppol ID/InvoiceNow on behalf of the company. However, you can only be registered with one Peppol Access Point provider at any one time.
- Go to Peppol official website for directory search: www.peppoldirectory.sg
- Key in the Business Name/UEN number of your business partner in the search box.
- Your business partner’s Peppol ID will be displayed.
If you like to register with another Peppol Access-Point provider, you will need to de-register with your existing provider before registering with your preferred provider.
No, InvoiceNow e-invoicing is based on the Peppol business documents standard and operates over the network on Peppol and allowing enterprises to digitally transact with other linked companies on the nationwide e invoicing network.
- Faster payment cycles of Invoices due to the simplification of Invoice to Payment processes as compared to paper invoices. Several banks are working on solutions that allow users to directly flip an InvoiceNow e-invoice to an E-Payment.
- Reduction of tedious and time-consuming manual processes (estimated $8 per invoice according to a study commissioned by IMDA)
- Reduction of errors and rectification costs (estimated to affect 3% of paper invoices and costing as much as S$72 to rectify, according to a study commissioned by IMDA).
- Reduction of storage, retrieval, and delivery costs
Infocomm Media Development Authority (IMDA) has put in placed the nationwide e invoicing initiative & peppol framework with open and international trade standards for companies to adopt. Companies that adopt the e-invoicing network stand to gain from business efficiency, smoother invoicing and faster payment cycles. IMDA has also certified Access Points (APs) who will assist the end-user companies in getting connected through a variety of methods to meet the different digitalisation status of each company. By providing choices and making it easy for end-user companies to adopt e-invoicing through the open standard, more can come on board the network and gain from it early.
To benefit from the network, users (i.e. senders and receivers of invoices) must be registered on the peppol e delivery network. Just like emails, there's a need for each to be registered and have a PeppolID that partners can send InvoiceNow e-invoices to and receive e invoices.
