INVOIC
Invoice
What is the Purpose of The EDIFACT INVOIC - Invoice?
The EDIFACT INVOIC message enables electronic invoicing for goods or services supplied under agreed conditions between seller and buyer. This versatile message serves as the international standard for invoice transmission and, with appropriate data qualification, can also function as a Credit Note or Debit Note, facilitating comprehensive accounts payable and receivable processes across borders.
What are the important elements of The EDIFACT INVOIC - Invoice?
The EDIFACT INVOIC (Invoice) is a standardized message for electronic billing. Here are the key elements: 1. Message Header - Message Type (INVOIC) - Invoice Number - Invoice Date - Invoice Type (Commercial, Pro Forma, Credit, Debit) - Message Function - Currency Code 2. Party Information - Seller Details (Name, VAT Number, Address) - Buyer Information - Invoicee Party - Delivery Party - Ultimate Consignee - Payment Recipient - Tax Representative. 3. Document References - Purchase Order Number - Delivery Note References - Contract Number - Despatch Advice Reference - Receiving Advice Reference - Previous Invoice References 4. Line Item Details - Line Item Number - Product Identification - Product Description - Quantity Invoiced - Unit of Measure - Unit Price - Line Net Amount - Line Tax Amount - Line Total Amount 5. Price Information - Base Price - Net Price - Gross Price - Price Type - Price Basis - Price Multiplier - Discount Details - Allowances and Charges 6. Tax Information - Tax Type (VAT, Sales Tax, Duty) - Tax Category - Tax Rate - Tax Amount - Tax Exemption Reasons - Tax Registration Numbers - Tax Point Date 7. Payment Terms - Payment Conditions - Payment Due Date - Payment Discount Terms - Payment Method - Bank Account Details - Payment Reference - Cash Discount Information 8. Delivery Information - Delivery Date - Delivery Location - Transportation Details - Carrier Information - Packaging Details - Delivery Terms (Incoterms) - Despatch Information 9. Summary Information - Total Line Items - Total Quantity - Total Net Amount - Total Tax Amount - Total Charges - Total Allowances - Invoice Total Amount - Amount Due for Payment. 10. Additional Elements - Terms and Conditions - Free Text Information - Document Attachments - Quality Certificates - Country of Origin - Customs Information - Regulatory References. The EDIFACT INVOIC provides comprehensive billing information while supporting international trade requirements including multiple currencies, tax regimes, and regulatory compliance.
What are the potential issues with The EDIFACT INVOIC - Invoice?
Here are potential issues with EDIFACT INVOIC transmissions: 1. Financial Data Problems - Incorrect invoice amounts - Wrong tax calculations - Currency code errors - Price mismatches - Incorrect discount applications - Wrong total calculations - Rounding errors 2. Tax Information Issues - Missing VAT numbers - Incorrect tax rates - Wrong tax categories - Invalid tax exemptions - Missing tax registration - Incorrect tax point dates - Tax jurisdiction errors 3. Reference Matching Problems - Wrong order references - Missing delivery note numbers - Incorrect contract references - Mismatched line item numbers - Wrong previous invoice references - Invalid document references - Missing authorization numbers 4. Product and Quantity Issues - Incorrect quantities invoiced - Wrong product identifiers - Unit of measure mismatches - Missing product descriptions - Price-quantity discrepancies - Wrong pack sizes - Invalid product codes 5. Party Identification Problems - Incomplete seller information - Wrong buyer details - Missing GLN numbers - Incorrect VAT numbers - Wrong bank details - Invalid address information - Missing contact details 6. Payment Terms Issues - Incorrect payment due dates - Wrong payment conditions - Invalid bank account numbers - Missing payment references - Incorrect discount terms - Wrong payment methods - Invalid IBAN/BIC codes. 7. Message Structure Problems - Missing mandatory segments - Incorrect segment order - Wrong qualifier codes - Invalid code list values - Syntax errors - Character encoding issues - Length violations. 8. Cross-Border Trade Issues - Missing customs information - Wrong country of origin - Incorrect Incoterms - Missing export/import codes - Wrong currency conversions - Invalid harmonized codes - Missing regulatory data 9. System Integration Challenges - Accounting system mismatches - ERP integration errors - Master data inconsistencies - Three-way matching failures - Workflow automation problems - Payment processing errors - Reconciliation issues These issues can cause payment delays, audit problems, and compliance violations, requiring thorough validation and reconciliation processes.
How do trading partners use the EDIFACT INVOIC?
The actual implementation and required segments may vary based on your trading partner's specifications and UN/EDIFACT version.
INVOIC
Invoice
What is the Purpose of The EDIFACT INVOIC - Invoice?
The EDIFACT INVOIC message enables electronic invoicing for goods or services supplied under agreed conditions between seller and buyer. This versatile message serves as the international standard for invoice transmission and, with appropriate data qualification, can also function as a Credit Note or Debit Note, facilitating comprehensive accounts payable and receivable processes across borders.
What are the important elements of The EDIFACT INVOIC - Invoice?
The EDIFACT INVOIC (Invoice) is a standardized message for electronic billing. Here are the key elements: 1. Message Header - Message Type (INVOIC) - Invoice Number - Invoice Date - Invoice Type (Commercial, Pro Forma, Credit, Debit) - Message Function - Currency Code 2. Party Information - Seller Details (Name, VAT Number, Address) - Buyer Information - Invoicee Party - Delivery Party - Ultimate Consignee - Payment Recipient - Tax Representative. 3. Document References - Purchase Order Number - Delivery Note References - Contract Number - Despatch Advice Reference - Receiving Advice Reference - Previous Invoice References 4. Line Item Details - Line Item Number - Product Identification - Product Description - Quantity Invoiced - Unit of Measure - Unit Price - Line Net Amount - Line Tax Amount - Line Total Amount 5. Price Information - Base Price - Net Price - Gross Price - Price Type - Price Basis - Price Multiplier - Discount Details - Allowances and Charges 6. Tax Information - Tax Type (VAT, Sales Tax, Duty) - Tax Category - Tax Rate - Tax Amount - Tax Exemption Reasons - Tax Registration Numbers - Tax Point Date 7. Payment Terms - Payment Conditions - Payment Due Date - Payment Discount Terms - Payment Method - Bank Account Details - Payment Reference - Cash Discount Information 8. Delivery Information - Delivery Date - Delivery Location - Transportation Details - Carrier Information - Packaging Details - Delivery Terms (Incoterms) - Despatch Information 9. Summary Information - Total Line Items - Total Quantity - Total Net Amount - Total Tax Amount - Total Charges - Total Allowances - Invoice Total Amount - Amount Due for Payment. 10. Additional Elements - Terms and Conditions - Free Text Information - Document Attachments - Quality Certificates - Country of Origin - Customs Information - Regulatory References. The EDIFACT INVOIC provides comprehensive billing information while supporting international trade requirements including multiple currencies, tax regimes, and regulatory compliance.
What are the potential issues with The EDIFACT INVOIC - Invoice?
Here are potential issues with EDIFACT INVOIC transmissions: 1. Financial Data Problems - Incorrect invoice amounts - Wrong tax calculations - Currency code errors - Price mismatches - Incorrect discount applications - Wrong total calculations - Rounding errors 2. Tax Information Issues - Missing VAT numbers - Incorrect tax rates - Wrong tax categories - Invalid tax exemptions - Missing tax registration - Incorrect tax point dates - Tax jurisdiction errors 3. Reference Matching Problems - Wrong order references - Missing delivery note numbers - Incorrect contract references - Mismatched line item numbers - Wrong previous invoice references - Invalid document references - Missing authorization numbers 4. Product and Quantity Issues - Incorrect quantities invoiced - Wrong product identifiers - Unit of measure mismatches - Missing product descriptions - Price-quantity discrepancies - Wrong pack sizes - Invalid product codes 5. Party Identification Problems - Incomplete seller information - Wrong buyer details - Missing GLN numbers - Incorrect VAT numbers - Wrong bank details - Invalid address information - Missing contact details 6. Payment Terms Issues - Incorrect payment due dates - Wrong payment conditions - Invalid bank account numbers - Missing payment references - Incorrect discount terms - Wrong payment methods - Invalid IBAN/BIC codes. 7. Message Structure Problems - Missing mandatory segments - Incorrect segment order - Wrong qualifier codes - Invalid code list values - Syntax errors - Character encoding issues - Length violations. 8. Cross-Border Trade Issues - Missing customs information - Wrong country of origin - Incorrect Incoterms - Missing export/import codes - Wrong currency conversions - Invalid harmonized codes - Missing regulatory data 9. System Integration Challenges - Accounting system mismatches - ERP integration errors - Master data inconsistencies - Three-way matching failures - Workflow automation problems - Payment processing errors - Reconciliation issues These issues can cause payment delays, audit problems, and compliance violations, requiring thorough validation and reconciliation processes.
How do trading partners use the EDIFACT INVOIC?
The actual implementation and required segments may vary based on your trading partner's specifications and UN/EDIFACT version.
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