We are excited to announce the release of the V3 Update for the GSQ Invoicing System at Grey Square (Private) Limited! This latest update ensures that our invoicing system remains fully compliant with the most recent ZIMRA requirements, specifically the need for additional client information on invoices.
What’s New in GSQ Invoicing System V3?
The V3 Update introduces new fields for client information, as mandated by ZIMRA. These fields include:
- District: A required field for specifying the client’s district.
- Trade Name: A required field for indicating the client’s trade name (if applicable).
These additional fields must be included on every invoice in order to meet ZIMRA’s updated fiscalisation guidelines, which are essential for ensuring that your business stays compliant with the tax authority’s reporting standards.
Why Is This Update Important?
ZIMRA now requires businesses to include more specific details on invoices, such as the district and trade name of the client. By capturing this information, your business ensures that it is fully compliant with the latest fiscalisation regulations, reducing the risk of fines or penalties for non-compliance.
With V3, the GSQ Invoicing System will automatically prompt you to fill in these additional client fields when creating or managing invoices, making the process seamless and hassle-free.
What Has Changed in the Invoice Structure?
The invoice format has been updated to include:
- District Information: You can now enter your client’s district directly in the invoice details.
- Trade Name Information: If applicable, the system will ask for the client’s trade name and automatically add it to the invoice.
These updates ensure that all required fields are captured and included in your invoices, eliminating the need for manual adjustments and ensuring you stay fully compliant with ZIMRA.
Why Upgrade to V3?
- ZIMRA Compliance: The V3 Update is essential for meeting the latest ZIMRA requirements. With the added client information fields, you can be sure that your invoices are compliant with the tax authority’s regulations.
- Accurate Client Data: The update allows you to capture important details such as district and trade name, ensuring that all your invoices are correctly populated with the necessary information.
- Streamlined Process: The system will automatically guide you to enter the required client details, making the invoicing process smoother and more efficient.
- Avoid Penalties: By upgrading to V3, you will avoid the risk of non-compliance and potential penalties associated with missing client information on your invoices.
Upgrade Now to Stay Compliant
The V3 Update is already available and ready for you to implement. We strongly encourage all our clients to upgrade to the latest version to ensure that your invoicing process meets ZIMRA’s updated requirements.
Upgrading is easy, and our team is here to assist with the transition, making sure your business is fully set up to generate compliant invoices quickly and efficiently.
How to Upgrade to V3?
- Reach Out to Us: Contact our support team to begin your upgrade process.
- Quick Implementation: We’ll guide you through the simple steps to upgrade to V3 and integrate the new client information fields into your invoicing workflow.
- Training and Support: If you need assistance, we’ll provide training on how to enter and manage the new client data fields, ensuring your invoices are compliant and accurate.
Grey Square (Private) Limited: Simplifying Compliance, One Update at a Time
At Grey Square, we are committed to providing businesses with reliable, compliant solutions that make financial management easier and more efficient. The V3 Update for the GSQ Invoicing System is an important step forward in keeping your business in full compliance with ZIMRA’s latest fiscalisation requirements.
Don’t wait—upgrade to V3 today to ensure your invoices meet all of ZIMRA’s updated standards and avoid any potential compliance issues.
For more information or assistance with the upgrade, contact us today!
