Electronic Invoicing in USA
Learn how to get your company ready to exchange documents in accordance with regulations in the United States with the support of Comarch
Learn how to get your company ready to exchange documents in accordance with regulations in the United States with the support of Comarch
The result of the pilot carried out by the Business Payments Coalition (BCP), associating with over 600 entities, is the establishment of the Digital Business Networks Alliance. DBNAlliance is a legal entity whose purpose is to supervise the electronic document exchange network.
It was assumed that its activity would be to enable Access Points, i.e., service providers enabling suppliers and recipients to exchange documents via the Exchange Framework. The Exchange Network is based on open, non-proprietary standards. It enables support for various companies providing technological and service services, ensuring the secure exchange of electronic documents between them.
DBNAlliance thus first provides exchange policies and standards and then provides access point membership and handles their connection to the exchange framework.
In the USA, the model of the four corners network, operating on a model similar to Peppol, is to apply. Through Access Points, users will be able to send and receive e-invoices. Everything is to be done via secure AS2/AS4 channels. The semantic model chosen aims to maintain strict alignment with established and planned legal frameworks in other parts of the world to support possible global interoperability.
In order to exchange documents in this model, companies must choose a supplier, which is an Access Point that guarantees the exchange of electronic invoices in accordance with the established standard and format with all other companies within the network.
In the US, e-invoicing is not mandatory at the federal or state level for both B2B and B2G relationships.
Required format is XML based UBL or X12 EDI.
Storage period is 7 years from filing of the tax return.
