Invoice

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.

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.

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.

Components

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

Types

Collective invoice

Continuation invoice

Commercial invoice

Credit memo invoice

Debit memo invoice

Electronic invoice

Evaluated receipt settlement invoice

Pro forma invoice

Progress billing invoice

Self-billing invoice

Statement invoice

Timesheet invoice

Electronic invoices

EDIFACT

Open Application Group Integration Specification

UBL

ISDOC

References

Accounting

Documents