invoice
Sign in to saveAn invoice, bill, tab, or bill of costs is a commercial document that includes an itemized list of goods or services furnished by a seller to a buyer relating to a sale transaction, that usually specifies the price and terms of sale, quantities, and agreed-upon prices and terms of sale for products or services the seller had provided the buyer.
AI overview
An invoice is a commercial document that lists the goods or services a seller has provided to a buyer, along with the prices and quantities involved. It matters because it serves as a record of the sale transaction and specifies the payment terms and amounts owed.
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Article
12 sectionsContents
- History
- Format
- Variations
- Electronic
- EDIFACT
- Open Application Group Integration Specification from OAGi
- CEFACT and UBL
- ISDOC
- E-invoicing
- Payment
- See also
- References
An invoice, bill, tab, or bill of costs is a commercial document that includes an itemized list of goods or services furnished by a seller to a buyer relating to a sale transaction, that usually specifies the price and terms of sale, quantities, and agreed-upon prices and terms of sale for products or services the seller had provided the buyer.
Payment terms are usually stated on the invoice. These may specify that the buyer has a maximum number of days to pay and is sometimes offered a discount if paid before the due date. The buyer could have already paid for the products or services listed on the invoice. To avoid confusion and consequent unnecessary communications from buyer to seller, some sellers clearly state in large and capital letters on an invoice whether it has already been paid.