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Moreover, proper invoicing practices are highly crucial during tax audits. Because an invoice serves as the primary document to verify reported income and taxes, you want to ensure it adheres to all policies, including that of the recipient’s country. That includes paper, electronic, or both versions.
This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Accelerated Accounts Payable Processing: AP automation systems can streamline invoiceprocessing and approvals. This ensures accurate and secure audit documentation.
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