Get InvoiceNow with Xero by May 1, 2025 – Stay Compliant and Ahead!
- Ace
- Apr 8
- 2 min read
Updated: Apr 9
The clock is ticking. From May 1, 2025, businesses in Singapore that issue e-invoices to government agencies must use the InvoiceNow e-invoicing network. It’s time to ensure your system is InvoiceNow ready and compliant before the deadline.
What is InvoiceNow?
InvoiceNow is a nationwide e-invoicing network that helps businesses send and receive invoices faster and more efficiently. Built on the open PEPPOL standard, it allows e-invoices to be transmitted directly between finance systems in a common digital format — helping to reduce admin work, lower costs, and speed up payments.
Singapore E-Invoice Timeline
The Inland Revenue Authority of Singapore (IRAS) has confirmed the timeline for the new B2B electronic invoicing mandate for registered companies in Singapore.
Companies registered under GST must use the InvoiceNow-Ready-system to transmit invoice data directly to the tax authority.
This implementation will take place gradually, in several phases:
Starting May 1, 2025: Early voluntary adoption by GST-registered companies.
Starting November 1, 2025: Newly incorporated companies voluntarily registered under GST.
Starting April 1, 2026: For all new voluntary GST registrants.
Why choose Xero PSG?
Xero, under Singapore’s Productivity Solutions Grant (PSG) and Registered Under IRAS accounting software, is a smart choice for businesses looking to streamline accounting with secure InvoiceNow-compliant e-invoicing—while enjoying up to 50% funding support. Designed for SMEs, Xero helps automate financial processes, ensure compliance, and simplify digital operations with ease.
Key Benefits of Choosing Xero with PSG:
Seamless Integration
Xero's e-invoicing feature allows invoices to be sent and received directly within your accounting system, reducing manual data entry and minimizing errors.
Enhanced Efficiency
By automating invoicing processes, Xero accelerates payment cycles, improves cash flow management, and reduces administrative burdens.
Cost Savings
Eliminating the need for paper-based invoicing reduces printing, postage, and storage costs, contributing to overall business savings.
Compliance and Security
Xero's e-invoicing adheres to international standards like InvoiceNow, ensuring secure and compliant transactions, especially beneficial for cross-border business.
User-Friendly Experience
With customizable templates and automated reminders, Xero enhances the professionalism of your invoicing and simplifies the payment follow-up process.
💼 Ready to Take the Next Step?
Experience how Xero can enhance your business workflow.
Contact us today to schedule a free demo and see how this innovative tool can elevate your workspace!
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Contact Us
For any enquiries, please contact us at 📩 enquiry@acebizservices.com or 📞+65 6262 0402.
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