If XML is the preferred format, why did ledes.org release 1998BI V2 after developing XML 2000, 2.0 and 2.1?
The LEDES1998BI is a pipe delimited flat file of invoice data. This format is much easier to produce than the XML formats and many time and billing systems already offer this output option. However, this format only accommodates one consumption tax per line item and all money amounts are limited to being in one currency. The LEDES1998BI V2 allows a non-US Law Firm to invoice in USD, but report the VAT amount in its native currency.
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