Small and medium-sized enterprises (SMEs) are increasingly confronted with e-invoicing - especially if they are involved in public procurement or have customers abroad. While dealing with e-invoices may sound complicated, dedicated digital platforms such as Banqup make processes much simpler and faster.
When does a small business need an e-invoice?
You may need an e-account when:
- The client requests the invoice in electronic format (e.g. XML, UBL).
- You are involved in public procurement in Lithuania and need to submit an e-invoice in SABIS.
- You work with a company abroad, where e-accounts are mandatory.
- You want to simplify your work with your accountant.
Why choose Banqup?
Banqup is a digital platform for businesses that want to do business quickly and securely:
- Issue both PDF and e-invoices (XML).
- Automated submission of invoices to SABIS (in public procurement).
- Digitise and archive accounts securely, in line with legal requirements.
- Giving your accountant access to all your accounts in one place - no need to send emails or attachments.
How does the Banqup account management process work?
1. Issue an invoice in Banqup
You choose whether it will be a simple PDF invoice or an e-invoice. You can email the invoice to the recipient, upload it to SABIS or submit it via e-channels (e.g. Peppol).
2. Digitise and archive the invoices you receive (PDF or paper)
If you still receive paper invoices, or email invoices in PDF format, you can easily upload them to Banqup. The system automatically recognises the data using OCR technology and converts the bill into a structured document. This way, all your invoices, whether paper or PDF, become digital.
3.Giving access to the accountant
You invite your accountant to log in to your Banqup account. He or she will see all invoices issued and received in real time - without additional manual data entry, they will be neatly stored in one place and visible to the accountant in real time.
While e-invoicing may sound like a challenge for small businesses, the solution is simple. The Banqup platform makes it easy to issue, send and store both regular and e-invoices - without additional IT investment.
Save time, avoid mistakes and submit your e-invoices exactly when you need them - to your accountant, SABIS or a client abroad. Try Banqup for free!
