More than 1.2 billion invoices are generated and exchanged in Australia every year, according to federal Treasury estimates.
That averages out to about 3.3 million invoices being exchanged every day of the year, covering payments due for goods and services.
If that sounds like a mountain of paperwork, it is. This is because a high percentage of invoices in Australia are still being prepared manually – that is, on paper or PDF – and then printed and posted or emailed for payment.
Source intheblack.cpaaustralia
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