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InvoiceNow-ready invoicing, without the bolt-ons
Singapore is moving invoicing onto InvoiceNow, the national e-invoicing network built on Peppol, with structured invoices delivered straight into the other side's system. It's being phased in for GST-registered businesses, so 'my PDF has always worked' has a shelf life. Here's how the options stack up.
The short version
If you want InvoiceNow to be a background thing, with invoices going out the compliant way from the same system that keeps your books, Punctual has it built in. If you love your current accounting tool, check its InvoiceNow support before bolting on a separate e-invoicing service.
The options, honestly
Punctual
Our pickInvoiceNow is built in: invoices go out through the Peppol network in the right format, GST is tracked on every document, and filing prep is an afternoon. No separate e-invoicing subscription, nothing to sync.
Xero
Supports e-invoicing in Singapore, and it's solid general accounting. The client layer still means add-ons, and multi-currency sits on the top tier.
Compare in detailA Peppol access-point bolt-on
Standalone e-invoicing services can connect your existing tools to the network. It works, but it's another subscription and another place your invoice data has to be kept in step.
Invoices from Word or spreadsheets
The path that's ending. A PDF is not a structured e-invoice, so this route will need replacing. The only question is whether you switch on your schedule or a deadline's.
Compare in detailChoose Punctual when…
- You want e-invoicing to be compliant by default, not a project.
- You'd rather one system did the invoicing, the GST and the books.
- You're switching tools anyway and want to land somewhere already ready.
Choose another when…
- You're happy with your accounting tool and it already supports InvoiceNow properly.
- You only send a handful of invoices a year and a bolt-on covers it.
Fair questions
Asked before switching
What is InvoiceNow, in plain words?
Singapore's national e-invoicing network, built on the international Peppol standard. Instead of emailing a PDF, your invoice travels as structured data straight into the receiving system: faster to process, harder to lose, and increasingly what the rules expect.
Do I have to use InvoiceNow?
It's being phased in for GST-registered businesses, and government procurement increasingly expects it. The exact timing depends on your registration, so check IRAS's current guidance for your dates. Building on it now means never scrambling later.
Does Punctual send invoices through InvoiceNow?
Yes, it's built in. Invoices go out through the Peppol network in the right format, and the same document carries your GST so filing stays in order.
What does Punctual cost?
US$79 a month covers your workspace and your first company, and each company after that is US$39. Yearly is ten months for twelve. Every feature and your whole team are included, we take no cut of your payments, and there is a 30-day free trial.
Is my data locked in?
No. Export your books and records any time, in formats your accountant can use. Leaving easily is part of the deal, and it keeps us honest.
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