Invoice

Invoice (Definition)

An invoice is a document issued by a seller to a buyer that lists the items or services provided, quantities, and total amount due.

Key aspects of invoices include:

1. Serves as a request for payment and a record of the transaction
2. Typically includes details such as invoice number, date, payment terms, and tax information
3. Essential for accurate record-keeping and accounts receivable management
4. Can be used to track sales and analyze business performance
5. Often required for tax purposes and financial audits
6. Can be paper-based or electronic, with e-invoicing becoming increasingly common
7. Proper invoice management is crucial for maintaining cash flow and customer relationships

Understanding and efficiently managing invoices is important for smooth business operations and financial control.