Electronic Invoice (NF-e) in Fortaleza

Introducing the Electronic Invoice in Fortaleza brought several benefits and advantages to everyone involved in a business transaction.

Here are the main advantages and benefits:

Main advantages for Sellers:

• Lower costs for purchasing, printing, and storing the tax document (paper). The Electronic Invoice model includes printing a paper document called the Auxiliary Document of the Electronic Invoice (DANFE), which accompanies goods in transit and also makes lookups easier. Even when printed, it's usually just a single copy, removing the need for continuous-feed or security paper forms;
• Effective document management: since it is an electronic document, rolling it out improves organization, filing, and management processes for these electronic documents, making it easier to retrieve and exchange information between interested parties;
• Tax authorities are informed as soon as the Electronic Invoice is issued, reducing the time cargo spends stopped at border checkpoints and tax inspection stations;

Main advantages for buyers:

• Possibility of eliminating manual data entry for the Electronic Invoice when receiving products, since you can integrate the information already contained in the NF-e directly into your system, reducing the need for this task;
• With advance knowledge of the Electronic Invoice, businesses can plan ahead of goods arriving, optimizing resources like docks, parking, staff, and more.
• Document management is also available to buyers, as described in the previous item (sellers);

Essential benefits for Society:

• Lower paper consumption, which directly benefits society and the environment it is part of;
• Rolling out this new model required businesses to adapt to it, which encouraged e-commerce and the use of new technologies, creating several new businesses and jobs;

Main benefits for Accountants:

• Clearer, simpler tax bookkeeping (standardization);
• Document management is also available to buyers, as described in the previous items (buyers and sellers);
• New job opportunities emerge in the consulting field;

Benefits for Tax Authorities:

• The Electronic Invoice in Fortaleza becomes more reliable, which ensured higher tax collection for Brazil, States, and Municipalities, reducing tax evasion;
• Improved tax control processes, through information exchange between interested parties;
• Document management is also available to buyers, as described in the previous items (buyers, sellers, and accountants);