Invoice

commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer

An invoice is a document used in commerce, particularly in retail. It is made by a person or company who is selling something to a customer (or "buyer"). The invoice is given to the customer as a request for payment. It lists the goods or service provided to the customer, along with the price being charged for each of them.

An invoice from a hardware shop

Once the customer has paid for the goods or services, they may be given a receipt. The receipt is the customer's proof that they have paid for the products. A receipt is not the same thing as an invoice.[1]

From the seller's point of view, an invoice is called the sales invoice. From the buyer's point of view, an invoice is called the purchase invoice.

ComponentsEdit

  • The word invoice
  • Unique reference number
  • Invoice date
  • Credit terms
  • Tax payments
  • Name and contact detail of the seller and buyer
  • Tax or company registration details of seller
  • Date of transaction
  • Purchase order number
  • Description of products
  • Unit prices of products
  • Total amount charged
  • Payment terms

TypesEdit

Electronic invoicesEdit

  • EDIFACT
  • Open Application Group Integration Specification
  • UBL
  • ISDOC

ReferencesEdit

  1. Heidi Cardenas; Demand Media. "The Difference Between an Invoice and a Receipt". Houston Chronicle. Hearst Newspapers, LLC. Retrieved 20 February 2014.