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Selling and Invoicing

Does Event Hub support invoicing?

Updated over 7 months ago

Does Event Hub support "invoicing"?

This is a very common question that appears when customers plan to use Event Hub for selling assets or Food & Beverage and the answer is.... "It depends" ...let's see why!

An invoice is normally generated on a sale(of any product) for a couple of reasons;

1) to record the revenue to a profit and loss statement.

2) record the GST added for BAS remittance

3) IF the sale is on credit -to record the debt owed.

Event Hub does not generate a BASTGST statement nor does it manage a "debtors book". These are specialist finance tools and we can guarantee if you are in business you already have tools that do this.

However, remember, Event Hub sells via a gateway - normally - hence there is often no debt created on the sale

Hence the easiest way to use EH selling is to issue a sales confirmation order as normal - and export or download sales at the end of the month and upload the revenue to your finance system. The export splits the revenue into fees/GST and product.

Other options

Use Stripe Invoicing

We suggest STRIPE as a gateway and one of the reasons is that STRIPE.COM does have an inbuilt invoicing system.

Integrate with your accounting system

Event Hub is happy to integrate (for free)with a cloud-based accounting system like XERO.COM / MYOB.COM.AU (CLOUD) or COUPA.COM. Our team has done this many times and it only takes a few hours.

If your system is not cloud-based we can share the data and endpoints shared but you would need an expert familiar with your tool to enable integration,

This issue is a great example where we are happy to share advice and learnings for free

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