- Incorrect invoice numbering can cause delayed payments, messy records, and GST compliance issues.
- Common mistakes include using handwritten or inconsistent numbers, duplicate numbers, gaps in sequence, overly complex formats, and frequently restarting numbering.
- These errors can confuse customers, complicate audits, and lead to rejected payments or GST problems.
- Using automated accounting software like TallyPrime helps ensure accurate, sequential, and compliant invoice numbering.
Source: tallysolutions.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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