What is Invoice?
An invoice is a document that a company sends to a customer to request payment for goods or services that have been provided. It typically includes details such as the quantity and price of the goods or services provided, the date they were provided, and the terms of payment.
An invoice is a document sent to the customer by the manufacturer or provider of a product. The invoice specifies the price of the product and establishes the consumer’s obligation to pay for the goods or services. An invoice is a physical record of a transaction between a seller and a buyer. They are an important part of ensuring that a company’s books and accounts are complete and accurate.
Invoices are used by a company’s accounting department to keep track of sales and accounts receivable. They also serve a number of other functions, such as:
Requesting payment from customers
Monitoring incoming inventory
Creating data that allows accountants to forecast future profits
Providing income information for tax purposes