For small and medium-sized businesses in Lithuania, managing invoices, especially sending e-invoices to partners in the EU, can be complex. Banqup allows you to automate e-invoicing, manage purchase and sales documents on one platform and simplify processes, saving time and reducing the risk of errors.
Why are e-invoices important for business partners in the EU?
More and more business partners in the EU are demanding structured e-invoices (XML/UBL/Peppol) as they allow automated document processing and meet local government requirements.
E-Accounts are relevant for Lithuanian businesses that:
- You have partners in Poland, Estonia, Latvia or other EU countries where e-invoicing is or will be mandatory.
- You want to reduce manual work in managing your accounts.
- Aims to have smoother process management and faster payments.
Important: From 2030, e-invoices will be mandatory for cross-border B2B transactions in the EU under the EC's ViDA Directive.
Mandatory e-accounts in neighbouring countries
- Poland. From 2026, B2B companies will have to use the KSeF e-invoicing system.
- Estonia. B2G e-invoicing has been in use for a long time, and from July 2025, all companies must accept and issue B2B invoices in accordance with the EN 16931 standard if the counterparty so requests. From 2027, e-invoicing will become mandatory for all VAT payers, so paper or PDF invoices will no longer be suitable for official business payments.
- Latvia. From 2025, invoices to public authorities must be submitted in electronic format via the e-address system. By 2028, e-invoicing will also become mandatory for business-to-business (B2B). This will allow the country to manage data in a unified way, ensuring transparency and faster settlements.
How does Banqup help automate processes?
Banqup makes it easier to manage accounts in one place and automate processes, saving time and reducing the risk of errors:
- Send e-invoices directly to partners according to EU requirements (XML/UBL/Peppol).
- Automate data processing - digitisation of invoices and receipts (OCR) and integration with the accounting system reduces manual work.
- Centralise document management - purchase and sales invoices on one platform, archiving without additional tools.
- Ensure security - two-factor authentication and verified partners guarantee secure document exchange.
This means that with Banqup, businesses save time, reduce the risk of errors and prepare for the EU's further digitisation.
How do I send an e-invoice to a partner in the EU via Banqup?
- Log in to your Banqup account.
- Create a customer card. Summarise all customer data. If the customer is able to receive e-invoices via the default channels, you will automatically be offered the "e-invoice" invoice delivery channel.
- Issue an e-invoice. Enter the required account details - date, number, amount and any other information you need.
- Send the invoice to your partner.
Why start working with e-invoices now?
- EU partners are already moving towards mandatory e-invoicing in phases.
- Automating processes saves time and reduces the risk of errors.
- Businesses that use e-invoicing gain a competitive advantage - faster payments and smoother process management.
Try Banqup for free
Join Banqup today and try the Premium Plan for 3 months free. See how easy it is to manage your accounts and send e-invoices to partners in the EU, saving you time and ensuring transparency in your processes.
