For many Singapore businesses, managing GST compliance isn’t just about filing returns — it’s also about being prepared for IRAS audits. That’s where InvoiceNow plays a powerful supporting role. While it doesn’t automatically file GST for you, it improves data accuracy, traceability, and audit readiness when integrated with accounting software like AutoCount or Million.
What Is InvoiceNow?
InvoiceNow is Singapore’s nationwide e-invoicing framework based on the international Peppol standard. It allows you to send and receive invoices system-to-system in a secure, standardized format — reducing manual input and human error.
Starting May 2025, IRAS will begin enforcing the GST InvoiceNow Requirement in phases, requiring certain GST-registered businesses to submit invoice data through InvoiceNow.
🎯 How InvoiceNow Helps with GST Audits
Let’s clarify: InvoiceNow doesn’t file your GST returns for you. But it significantly boosts your ability to stay compliant and manage audits smoothly by improving the quality and consistency of invoice records.
1. Structured, Reliable Invoice Data
Invoices sent through InvoiceNow follow a Peppol standard format, meaning:
- Cleaner and more accurate records
- Less risk of typos or miscalculations
- Easier reconciliation with GST reports
2. Verified Digital Audit Trail
With InvoiceNow:
- Invoices are time-stamped and securely delivered
- You get traceability from issue to receipt
- There’s automatic proof of transaction for IRAS audits
3. Early Detection of GST Errors
Accounting systems like AutoCount and Million can:
- Alert you if a supplier charges GST but is not GST-registered
- Prevent GST overclaims and compliance violations
4. Faster Reconciliation of Input and Output Tax
InvoiceNow ensures invoices are:
- Automatically captured into your accounting software
- Matched more easily against GST return entries
- Aligned with IRAS standards for verification
5. Shorter, Smoother GST Audits
Because the data is clean and structured:
- IRAS can audit your returns faster
- You spend less time chasing paper trails or fixing gaps
🛠️ AutoCount & Million: InvoiceNow-Ready for Peace of Mind
Both Million software and AutoCount software are part of the growing list of InvoiceNow-Ready Solutions supported by IMDA. They’re fully capable of integrating e-invoicing into your daily operations while supporting GST-related features.
Benefits of AutoCount and Million:
- InvoiceNow integration for direct e-invoice transmission
- GST validation tools to detect incorrect or suspicious charges
- Audit-friendly reports to help prepare for IRAS reviews
- Data syncing with the InvoiceNow network for compliance
Whether you’re using AutoCount or Million, these systems help maintain clean digital records that align with IRAS audit expectations.
🧾 Getting Started
Here’s how to prepare your business for easier audits with InvoiceNow:
- Upgrade your accounting system (Million accounting software and AutoCount software) to a version that supports InvoiceNow.
- Register for a Peppol ID with help from your software vendor or Access Point provider.
- Enable GST submission features, where applicable, to sync invoice data with IRAS.
- Start issuing and receiving invoices via InvoiceNow.
- Review monthly reports to check GST claims and identify discrepancies early.
✅ Conclusion
Adopting InvoiceNow with accounting systems like AutoCount or Million won’t file GST for you, but it’s a major step toward stronger compliance and audit readiness. With cleaner invoice data, secure digital records, and built-in validation features, your business is far better prepared for any IRAS review.
📣 Whether you’re using AutoCount or Million, we’re here to help you activate InvoiceNow and stay audit-ready. Feel free to reach out to Rockbell at (65) 6469 7720 / (65) 8889 1140 or email us at sales@rockbell.com.sg, we are here to assist you.