Electronic Invoicing Agreement - New Brunswick, Canada

The Electronic Invoicing Agreement in New Brunswick, Canada is for facilitating the electronic transmission of invoices between businesses and the government. It eliminates the need for paper-based invoices and allows for faster and more efficient invoicing processes.

The Electronic Invoicing Agreement in New Brunswick, Canada, is filed by the business or organization that intends to use electronic invoicing.

FAQ

Q: What is an Electronic Invoicing Agreement?A: An Electronic Invoicing Agreement is a contract between a business and its customers or suppliers to send and receive invoices electronically instead of using paper documents.

Q: Why would a business use electronic invoicing?A: Electronic invoicing can save time and money by eliminating the need for printing, mailing, and storing paper invoices. It also simplifies the invoicing process and allows for faster payment processing.

Q: Is an electronic invoice legally valid?A: Yes, electronic invoices are legally valid and recognized in Canada, including New Brunswick. The Canada Revenue Agency (CRA) has specific guidelines and requirements for electronic invoicing.

Q: What information should be included in an electronic invoice?A: An electronic invoice should include the same information as a paper invoice, such as the supplier's name and contact information, invoice number, date, description of goods or services, quantity, price, and applicable taxes.

Q: Do both parties need to agree to use electronic invoicing?A: Yes, both the business and its customers or suppliers need to agree to use electronic invoicing. This agreement can be formalized through an Electronic Invoicing Agreement.

Q: Can electronic invoices be printed and kept as paper copies?A: Yes, electronic invoices can be printed and kept as paper copies for record-keeping purposes. However, the original invoice is the electronic version.

Q: Is electronic invoicing mandatory in New Brunswick?A: No, electronic invoicing is not mandatory in New Brunswick. It is optional and depends on the agreement between the business and its customers or suppliers.