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.

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.

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


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