Philippine businesses must issue BIR-registered sales invoices (goods) or official receipts (services). EIS is progressively replacing the traditional OR/SI booklet system. BPO and export service companies face a further complexity: client contracts are denominated in USD or EUR, but BIR reporting requires PHP — making an accurate, auditable multi-currency conversion essential.
The company bills local clients in PHP and foreign BPO clients in USD, but the accounting system handles only one currency — requiring a manual conversion and separate reconciliation every month.
Multi-currency invoicing with automatic PHP conversion at the BSP reference rate on the transaction date, EIS-transmittable and ready for BIR reporting without additional rework.
Generating official receipts manually after each payment and matching them back to the corresponding EIS invoice consumes hours of finance-team time each week.
Automatic official receipt generation triggered on payment confirmation, linked to the corresponding EIS invoice and stored in the audit trail.
EIS-compliant invoicing for domestic and BPO export clients.
